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Investegate |Hellenic Telecomms Announcements | Hellenic Telecomms: OTE GROUP REPORTS 2020 FOURTH QUARTER RESULTS


 
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Numerous initiatives to bolster future performance
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Greece back to revenue growth, up 2.9% in Q4
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Mobile service revenue trends improving sequentially
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Fixed retail positive on sharp broadband growth, fueled by fiber
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Resilient Adj. EBITDA (AL) at €300mn, down 0.8%
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Romania Mobile Q4 performance impacted by unfavorable comparable base and adjustments; strong FY Adj. EBITDA (AL), up 34%
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Group FY FCF ahead of guidance at €413mn, Adj. Capex in line
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Strategic transformation initiatives completed-VES and spin-off of frontline operations
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5G commercial launch following successful spectrum auction in December 2020
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UEFA Champions League and Europa League TV rights renewed for 2021-2024
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20% increase in shareholder return for ....

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