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General

OTE revenues fall 3% in Q2 as Covid-19 crisis hits mobile business

Thursday 6 August 2020 | 10:54 CET | News
Greek operator OTE reported second-quarter revenues down 3.0 percent year-on-year to EUR 918 million, as the coronavirus pandemic weighed especially on its mobile business. Adjusted EBITDA after leases still grew 0.8 percent to EUR 321 million, thanks to ongoing cost reductions and improvement in Romania, and net profit more than doubled year-on-year to EUR 78 million, due to lower writedowns.

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Categories: General
Companies: OTE
Countries: Greece
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