OTE makes steady progress
NOVEMBER 10, 2022 09.53 EUROPE/LONDON BY CHRIS DZIADUL

Having recorded strong net subscriber additions during two years of pandemic restrictions, the Greek incumbent OTE has secured its market share in a contracting fixed-line market.

The company ended Q3 with 643,776 TV customers, up 7.3% on a year earlier, despite competitive challenges and piracy.

It also had 2,298,001 broadband subscribers (+3.4%) with fibre accounting for 1,430,415 (+30.1%) of the total.

OTE Group had total revenues of €904.8 million in Q3, up 5.9% on the same period last year.

Its adjusted EBITDA was €358.1 million (+1.6%) and adjusted profit €162.1 million (+2.1%).