Cosmote’s continuous growth leads OTE (Greek operator) to post second quarter revenues of EUR 1.59 billion, up 2.5 percent from a year earlier. OIBDA improved 6.3 percent to EUR 578.8 million, and the OIBDA margin rose 1.5 points to 36.6 percent, helped by cost controls and Cosmote Romania turning its first profit. Net profit lifts 16.6 percent to EUR 159.3 million. Cash flow rose 26 percent to EUR 443.4 million. It anticipates the trends of the first half to continue in the rest of the year, with any declines from fixed-line operations offset by growth in mobile, said OTE.
Wireless Federation » OTE 2Q revenues up by 2.5% (Greece)
OTE 2Q revenues up by 2.5% (Greece)
- August 29th, 2008
- 11:08 am
