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General

OTE results deteriorate, is there a way out?

Thursday 11 August 2011 | 12:32 CET | Author: Costas Troulos | Market Commentary
OTE Group reported EUR 1.25 billion in revenues for the second quarter, a decrease of 7.6 percent year-on-year. Mobile operations are increasingly important for the group, contributing EUR 646.5 million or almost 52 percent of revenues. This amount was still down 6.6 percent from a year earlier, but that's a big improvement on the previous quarter's drop of 14.7 percent, helping the group's overall financial performance.

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This article is an opinion of Telecompaper.


Categories: General
Companies: Cosmote / EETT / OTE
Countries: Greece
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