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Hellenic Telecommunications Organization SA
F:OTES

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Hellenic Telecommunications Organization SA
F:OTES
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Price: 9.7 EUR -0.51% Market Closed
Market Cap: €8B

Hellenic Telecommunications Organization SA
Investor Relations

Hellenic Telecommunications Organization, usually known as OTE, is Greece’s largest fixed-line telecom company and a major mobile and broadband provider through its COSMOTE brand. It sells home internet, mobile plans, pay TV, landline service, and business telecom services. Its customers are households, small businesses, large companies, and public-sector organizations that need voice, data, and network access. OTE makes money mainly by charging monthly subscription fees, usage charges, and equipment or service fees for connectivity and TV packages. For business and government clients, it also sells network links, managed communications, cloud-related services, and other enterprise telecom products. The company owns and runs a large communications network, so it sits at the core of the service chain rather than acting as a reseller. What makes OTE’s business model durable is that telecom is an essential utility-like service: customers pay to stay connected, and the company earns recurring income from that need. It competes in a regulated industry that requires heavy investment in networks, spectrum, and maintenance, which gives established operators like OTE an important role in delivering nationwide coverage and reliable service.

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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

Management

Mr. Konstantinos Nebis
CEO, MD & Executive Chairman
No Bio Available
Mr. Charalampos G. Mazarakis
Executive Director & CFO of OTE Group
No Bio Available
Anastasios Kapenis
Accounting Director
No Bio Available
Mr. Evrikos Sarsentis
Head of Mergers, Acquisitions and Investor Relations
No Bio Available
Mr. Aristodimos Dimitriadis
Executive Director of Compliance, ERM & Insurance for OTE Group
No Bio Available
Ms. Eirini Nikolaidi
Chief Legal & Regulatory Affairs Officer and Group Legal Counsel of OTE Group
No Bio Available
Ms. Deppie Tzimea
Executive Director of Corporate Communications & Sustainability OTE Group
No Bio Available
Ms. Elena Papadopoulou
Chief Human Resources Officer of OTE Group
No Bio Available
Mr. Michael Tsamaz
Managing Director
No Bio Available
Mr. Ioannis Konstantinidis
Chief Strategy, Transformation & Wholesale Officer of OTE Group
No Bio Available

Contacts

Address
ATTIKI
ATHINA
Kifisias Ave. 99, Marousi
Contacts
+302103243523.0
www.cosmote.gr
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