OTE’s adjusted core earnings rose in Q4

OTE, Greece’s biggest telecoms operator, reported a 1% emergence successful adjusted halfway net successful the 4th fourth connected Wednesday, driven by maturation successful its Greek mobile operations arsenic well arsenic little unit and attraction costs successful Greece.

Adjusted net earlier interest, tax, depreciation and amortization (EBITDA) for the 4th fourth came successful astatine 344.5 cardinal euros, compared to €341.1 cardinal the erstwhile year.

The group’s revenues successful the 4th fourth fell by 2.7% to €905.3 cardinal with gross successful Romania dropping 17.4% owed to challenging marketplace dynamics and the interaction of a 50% mobile termination complaint chopped implemented astatine the start of 2024, it said.

Majority-owned and managed by Deutsche Telekom, OTE said it aims for 2.1 cardinal Fiber-to-the-Home (FTTH)-connected homes by the extremity of 2025 and sees €460 cardinal successful escaped currency flow, €610 cardinal to €620 cardinal successful superior expenditure focused connected FTTH, and astir 2% EBITDA maturation successful Greece done strong work show and outgo control. [Reuters]