Hellenic Telecom Organization SA (HLTOY) has released an update.
Hellenic Telecom Organization SA (OTE Group) has reported a strong performance in the second quarter of 2024, with a 6.6% increase in revenues fueled by growth in Greek operations, particularly in mobile, broadband, TV, and ICT services. Despite challenges in Romania, the company’s overall Adjusted EBITDA remained stable, and they continue to invest in expanding their FTTH network and 5G coverage. Additionally, OTE has committed to significant shareholder remuneration, with a 23% increase in dividend per share and an ongoing share buyback program.
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