OTE nears TV sub milestone
MAY 8, 2023 13.08 EUROPE/LONDON BY CHRIS DZIADUL

The Greek incumbent OTE ended the first quarter with close to 650,000 subscribers to its TV services.

The actual figure of 648,531 was 1.9% more than a year earlier despite what the company says were competitive challenges and the persistence of piracy.

OTE’s broadband subscriber total in Q1 stood at 2,33,374, up 2.9% on a year earlier.

Of these, 1,489,407 (+23.3%) were fibre.

Its total FTTH subscriber total reached 166,000, or 11% of the total fibre base.

OTE had total revenues of €803.6 million in Q1, or 2% less than in the same period last year.

Its adjusted EDITDA was €322 million (-1%) and profit €135.3 million (+4.6%).