Hellenic Telecommunications Organization SA

F:OTES

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.