Company Profile

OTE Group is the largest telecommunications provider in the Greek market, and, together with its subsidiaries, forms one of the leading telecom groups in South-eastern Europe.

It is among the three largest listed companies, with respect to capitalization, in the Athens Stock Exchange and is also listed in the London Stock Exchange (LSE). Deutsche Telekom holds 45% of OTE's share capital and the Greek State holds 5%. OTE Group employs more than 20,000 people in three countries.

Under the unified COSMOTE commercial brand, OTE Group offers the full range of telecommunications services: from fixed-line and mobile telephony, broadband services, to pay television and integrated ICT solutions. The key message and brand promise of COSMOTE is "a better world, for all", through technology. 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.

In addition to its core telecommunications activities, the Group in Greece is also involved in maritime communications, real-estate and professional training. Abroad, the Group operates in the telecommunications markets of Romania, where it offers fixed-line and mobile communications, as well as television services, and in Albania, where it offers mobile telephony services.

Telecommunications infrastructure

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 over €2bn over the past six years. OTE Group announced its new investment plan, amounting €2 bn, until 2022, to offer even higher speeds and larger coverage in fixed-line and mobile telephony.

Thanks to its extensive investments, OTE Group has the largest fiber optic network in Greece. COSMOTE Fiber, with 43,000 km length, enables more than 2.7 million households and businesses to enjoy internet speeds of up to 200Mbps as well as advanced broadband services via fiber optics.

In mobile telephony too, OTE Group breaks new ground by constantly developing its networks. 3G network covers approximately 99% of Greece's population, and at the end of 2012 was the first provider in Greece to commercially launch a 4G LTE (Long Term Evolution) technology network. Today, it is by far the No1 in Greece in terms of population coverage, with its 4G and 4G+ LTE Advanced technology network, reaching 98% and 92% respectively. ΟΤΕ Group is the sole provider in Greece, that offers internet speeds up to 500Mbps through its 4G+ network.

Financial Data

For 2017, the Group announced turnover of €3,857.1 mn, at about the same level as last year. Adjusted EBITDA reached €1,303.9 mn and the adjusted EBITDA margin remained stable at 33.8%. The adjusted free cash flow was in line with forecasts at €105.1 mn, affected by the Group's rising investments in new networks and infrastructures, reaching nearly €800 mn, in 2017. The Group's adjusted Net Debt was €0.7bn or 0.6 times the Group's annual adjusted EBITDA.

Sustainable growth

Through technology and innovation, OTE Groups aims to create a better world for all. Responsible business conduct is a prerequisite for doing so. Sustainable growth is an integral part of the Group's business strategy and the sustainable growth principles are integrated into its operation. The priorities of the Sustainable Growth Strategy are summarized in five thematic priorities: Responsible Business, Digital Society, Better World for All, Responsible Employment and Development, Sustainable Environment for All.

In a difficult period for the Greek economy and society, OTE Group supported vulnerable social groups, children, education, entrepreneurship, local communities, culture and sports, offering more than 4.2 million in 2017. 

OTE Group at a glance

Commencement of commercial operations

November 1949

Shareholding structure

Deutsche Telecom holds 45% of OTE's share capital and the Greek State holds 5%.

BoD Chairman & CEO

Michael Tsamaz

Counties of operation

Greece, Albania, Romania

Subsidiaries

COSMOTE S.A., OTEGlobe, OTESAT-MARITEL, COSMOTE e-value, CosmoOne, ΟΤΕ Estate, OTE Academy, OTE Insurance

Telekom Romania, Telekom Albania

Human Resources

20.305

Key Group data (2017)

Revenues

€3.857.1 mn

Pro forma EBITDA

€1,303.9mn

Pro forma EBITDA Margin

33,8%

Customer base – 2016

Fixed access line connections: 2,647,813

Fixed broadband active retail subscribers: 1,759,752

COSMΟΤΕ TV subscribers: 524,770

Mobile communications subscribers: 7.98 mn (Greece)

Mobile communications subscribers: 14.68 mn (SE Europe)