Earnings Calls

Last Earnings Call

Fiscal Period
Q2 2026
Call Date
Jul 29, 2026
AI Summary
Q2 2026

Revenue: OTE said total revenue grew 8% year on year after adjusting for the planned wind-down of international wholesale, helped by system solutions, mobile, and resilient fixed retail.

EBITDA: Adjusted EBITDA after leases rose 3% in the quarter, and management said it remains on track to deliver full-year 3% EBITDA growth.

Fiber: FTTH kept accelerating, with record quarterly net adds of 62,000 and the customer base rising to 687,000, while homes passed reached 2.2 million.

Mobile: Postpaid momentum stayed very strong, with record net adds of 62,000 and blended ARPU up 3%, but management said growth is normalizing after last year’s prepaid top-up effect.

Outlook: Management said the second half will face tougher comparisons and some revenue pressure from the international wholesale phase-out, but cost savings, AI/digital benefits, and the project pipeline should support the full-year plan.

Competition: The company said it is watching the possible PPC-Vodafone fiber JV and Starlink, but so far it has not seen material damage to its broadband base.

Key Financials
Total revenue
8% year-on-year growth
Fixed retail service revenue
1.4% year-on-year growth
FTTH net additions
62,000
FTTH customer base
687,000
FTTH share of broadband base
29%
FTTH network utilization
42%
Homes passed
2.2 million
UFBB footprint
a bit over 150,000 homes passed
Fixed wireless access net additions
19,000
Fixed wireless access base
almost 120,000
5G WiFi customers
100,000
Pay TV revenue growth
high single-digit range
Pay TV net additions
+1,000
Mobile service revenue growth
2.3%
Postpaid net additions
62,000
Postpaid subscriber growth
8% year-on-year
Blended ARPU
3% increase
Mobile data usage
21 gigabytes per user per month
5G device penetration
50% of active customer base
5G coverage
over 99%
5G+ coverage
approximately 84%
Other revenues excluding data communications
31.2% growth
System solutions growth
52.1% year-on-year
Wholesale revenue impact from international transit phase-out
EUR 60 million
Adjusted EBITDA after leases
3% growth
Adjusted EBITDA margin
40.1%
Personnel expenses
declined
Marketing expenses
down almost 7%
Indirect costs to service revenues
28%
E-sales
36%
Digital payments
43%
Top-ups
53%
CapEx
about EUR 157 million
Free cash flow after leases
EUR 150 million

Other Earnings Calls