OTE's Q3: Strong Greek Revenues, Extra Dividend
Update: 2025-11-13
Description
OTE shares experienced a modest increase following the release of its third-quarter earnings report. Greek revenues surpassed expectations by three percent, and adjusted earnings met predictions. This positive news led to a one-point-five percent rise in share value. The strong performance in Greek wholesale revenues, particularly from international transit traffic, contributed to this growth. However, this trend is expected to slow down in upcoming quarters. OTEs mobile service revenue in Greece continued to rise, and retail fixed service revenue also saw an acceleration. The company announced an extraordinary dividend of zero-point-one euros per share, a direct benefit to investors. OTE updated its financial outlook, focusing on Greek operations, and reaffirmed its forecast for adjusted earnings growth of approximately two percent.
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