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Greek OTE Telecom posts 1% rise in Q2 core profit

Greek OTE Telecom posts 1% rise in Q2 core profit

ATHENS: Greece’s biggest telecoms operator OTE posted on Thursday a 1 percent rise in second-quarter core profit, helped by growing mobile business at home for the first quarter in five years.

OTE, the former national monopoly and now 40 percent owned and managed by Germany’s Deutsche Telekom, said earnings before interest, tax, depreciation and amortisation (EBITDA) came in at 313.9 million euros ($371.85 million) in the three months to June, up from 310.9 million euros a year earlier.