OTE reports stable revenues and expanding EBITDA margin on FTTH growth

The Greek telecom operator posted a 40.1% adjusted EBITDA margin, up from 39.0% a year earlier, as fiber-optic customer additions hit record levels.

By Handelsavisen Newsroom · Automated 2026-07-29 10:10 UTC · 1 min read

Hellenic Telecommunications Organization (OTE) reported stable consolidated revenues of €855.8 million for the period, offsetting broader market headwinds with disciplined cost management and strong fiber-to-the-home (FTTH) adoption.

The Athens-listed operator’s adjusted EBITDA margin expanded to 40.1%, up from 39.0% in the same period last year, signaling improved operational efficiency despite flat top-line growth.

The margin expansion was driven by a record increase in new FTTH customers, reinforcing OTE’s strategic pivot toward high-margin fixed broadband services.

This growth trajectory mirrors trends seen across European telecoms, where fiber infrastructure investments are increasingly yielding returns as mobile data growth plateaus.

The company’s ability to maintain revenue stability while boosting profitability suggests a maturing business model less reliant on volume growth and more on service mix optimization.

For investors, the results underscore OTE’s resilience in a competitive market.