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Hellenic Telecom Organization SA ( (HLTOY) ) has issued an update.
OTE Group reported its 2024 fourth quarter and full-year results, highlighting a growth in adjusted EBITDA in Greece by 1.8% in Q4 and a 4.5% revenue increase for the year. The company saw strong performance in mobile, pay-TV, and ICT services, despite a decline in international wholesale revenues and challenges in the Romanian market. OTE plans to continue its investment in network infrastructure, aiming to pass 2.1 million homes with FTTH by the end of 2025, and is focused on enhancing customer experience and expanding digital services. The company anticipates generating approximately €460 million in free cash flow in 2025, with a significant portion allocated to shareholder remuneration.
More about Hellenic Telecom Organization SA
Hellenic Telecom Organization SA, commonly known as OTE Group, operates within the telecommunications industry, providing a range of services including mobile, fixed-line, broadband, and pay-TV. The company is focused on expanding its Fiber to the Home (FTTH) and 5G networks, aiming to strengthen its market leadership in Greece and enhance digital connectivity.
YTD Price Performance: 3.16%
Average Trading Volume: 2,644
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $6.4B
See more data about HLTOY stock on TipRanks’ Stock Analysis page.