OTE Group is the largest technology company in Greece. It is one of the top three listed companies with respect to capitalization, in the Athens Stock Exchange and is also listed in the London Stock Exchange. Deutsche Telekom holds 47.9% of OTE’s share capital and the Greek State holds 5.7%. OTE Group employs approximately 11,500 people in Greece and approximately 16,000 people in total.
OTE Group offers a wide range of services: fixed and mobile telephony, broadband services, pay television and integrated ICT solutions. In addition to its core telecommunications activities, the Group in Greece is also involved in maritime communications and real-estate. Abroad, the Group operates in the telecommunications market of Romania.
COSMOTE is the unified commercial brand for all the products and services of the Group and its key message is “a better world, for all”. Its mission is to bring technological capabilities to all, so that everyone can live and enjoy at the fullest all possibilities offered now, while also building on them for a better tomorrow.
OTE Group invests heavily in New Generation Networks, creating infrastructure which will boost the Greek economy and create growth potential. It is the largest investor in new technologies and infrastructure in Greece, having invested approximately €5 bn. over the past decade. Furthermore, the Group implements a four-year €2 bn. investment plan to offer even higher speeds and wider coverage in fixed and mobile telephony.
Thanks to these investments, COSMOTE Fiber is the largest fiber optic network in Greece, providing over 50% of the country’s population with access to speeds of 100Mbps or higher. By the end of 2020, OTE Group had installed more than 77% of the country’s Fiber To The Home lines, accomplishing a very important goal: Providing access to more than 300.000 households and businesses with guaranteed internet speeds with 100% fiber optics. OTE Group’s goal is for FTTH coverage to reach gradually 550.000 by the end of 2021.
In mobile telephony too, OTE Group breaks new ground by constantly developing its networks. COSMOTE’s mobile network is the largest in Greece, while it has won the Speedtest AwardsTM of the independent network metrics company, Ookla®, as “the fastest mobile network in Greece” for 8 consecutive times. It is by far the No1 in Greece in terms of 4G population coverage, reaching 99%, and 4G+ LTE Advanced technology network with population coverage reaching 96%. COSMOTE was the first to bring in Greece the internet of the future, 5G, as it was the first to launch 5th generation services commercially. COSMOTE 5G is available in Athens, Thessaloniki and other cities around Greece, while in some areas top speeds can already reach or even exceed 1 Gbps. COSMOTE 5G population coverage exceeds 50%. The network will continue to expand throughout the year into even more regions of Greece, aiming at nationwide population coverage exceeding 60% by late 2021.
Financial Data
For 2020, the Group announced turnover of €3,258.9 million decreased by just 1.3%. Adjusted EBITDA reached €1,223.6 million and the adjusted EBITDA margin further at 37.5%. The adjusted free cash flow increased by 38.5% at €655.9 million. The Group’s adjusted Net Debt decreased by 1.2%, which corresponds to € 1,034.0 billion.
Sustainable growth
OTE Group exploits the power of technology in order to create a better world for all. Sustainable growth is an integral part of the Group's business strategy and the sustainable growth principles are integrated into its operation, through which it contributes to the economy, the society and the environment.
OTE Group’s performance in matters of environment, society and corporate governance (ESG) have contributed -among other things- to the participation of OTE in six international indicators of Social Responsible Investments: FTSE4Good, VIGEO-EIRIS Best Emerging Market Performers, “Prime” Corporate ESG Performance by ISS-ESG, MSCI ESG Research, CDP, and 2020 Bloomberg LP Gender-Equality Index (GEI).
During the pandemic crisis, the total contribution of the Group - for the facilitation of customers, employees, the strengthening of the national health system and the support of the work of the State - exceeded €12 million.
