Greece’s OTE Telecom posts 1.9 pct drop in core profit

22 February 2018
200 Views

Greece’s biggest telecoms operator OTE posted a 1.9 percent drop in fourth-quarter core profit on Thursday, with tough conditions in its foreign operations more than offsetting domestic growth.

The former national monopoly, now 40 percent owned and managed by Germany’s Deutsche Telekom, reported earnings before interest, tax, depreciation and amortisation (EBITDA) of 337 million euros ($413.70 million) for the quarter, down from 343.7 million euros a year earlier. ($1 = 0.8146 euros)

You may be interested

Sikinos first Greek island to say “no” to plastic straws
GREECE
shares144 views
GREECE
shares144 views

Sikinos first Greek island to say “no” to plastic straws

Panos - Jun 21, 2018

The Municipality of Sikinos, along with the Sea Change ecology organization and the Aikaterini Laskaridis Foundation, will be banishing the…

A visit to Nemea in Peloponnese
GREECE
shares15 views
GREECE
shares15 views

A visit to Nemea in Peloponnese

Panos - Jun 21, 2018

Nemea is one of the most popular destinations in the Peloponnese, a significant winemaking region that is of great archaeological…

Nikos Kotzias: Rhodes conference creates a bridging grid for countries in the region
GREECE
shares14 views
GREECE
shares14 views

Nikos Kotzias: Rhodes conference creates a bridging grid for countries in the region

Panos - Jun 21, 2018

Via an active and multidimensional foreign policy, a ‘bridging’ grid is being created between countries in the region. With these…

Leave a Comment

Your email address will not be published.