Greek telecommunications sector’s turnover at 4.9 billion euros

Turnover successful the telecommunications assemblage fell by 1.1% successful 2024 (4.9 cardinal compared to 5 cardinal euros successful 2023), while connected the contrary, a 2.3% summation was recorded successful revenues from telecommunications services (4.3 cardinal compared to 4.2 billion).

Revenue from telecommunications services accounted for 88% of turnover.

The publication of the turnover of the physics communications assemblage to the Gross Domestic Product (GDP) stood astatine 2.1% successful 2024, showing a diminution compared to 2023, fixed that the GDP showed an yearly summation of 5.5% compared to a alteration of 1.1% successful the turnover successful the physics communications market.

During the year under review, the investments of physics communications providers accrued by 10%, amounting to astir 1.1 cardinal euros and 22.9% of their turnover, from 20.4% a year earlier. 65% of the providers’ investments acrophobic fixed networks and 21% were allocated to mobile networks.

Prices for physics communications services moved astatine levels little than the General Consumer Price Index, which recorded an summation of 2.7% compared to 2023, while the Communications sub-index continued its downward trend, having decreased marginally by 0.3%.
Approximately 96% of the turnover successful the telecommunications assemblage comes from three companies, with OTE holding a stock of 59.1%, followed by Vodafone (20.8%) and Nova (15.8%).

Revenue from the proviso of fixed web services constituted 53% of the gross from the proviso of telecommunications services.

Retail revenues from telephony and Internet services decreased compared to the erstwhile year, constituting 57% of total revenues from fixed networks, while revenues from wholesale entree services (e.g. APTB, co-location, etc.) accrued to 11.9%. Regarding mobile networks and services, retail revenues from voice services and mobile information usage again dominated, with percentages of 52.8% and 35.5%, respectively.

Total fixed telephony traffic recorded an yearly alteration of 24.2%, chiefly arsenic a effect of the simplification successful the duration of nationalist calls to fixed (2 cardinal minutes little compared to 2023, i.e. a alteration of 25.2%).

This alteration is owed to some the alteration successful OTE’s total traffic by 13.8% compared to 2023 and the alteration successful alternate providers by 32.8%. OTE continues to lead, with a stock of 51.4% of total traffic compared to 45.2% successful 2023.