The strong performance in mobile, broadband services and television combined with effective cost management leads OTE management to estimate an increase in adjusted EBITDA (earnings before interest, taxes, depreciation and amortization) in Greece of 2% this year.
As was announced during the publication of the Group’s results and the briefing of analysts, the board of directors decided to approve the Demerger Plan with the spin-off of the independent mobile passive infrastructure activity sector and its contribution to a new company with OTE as the sole shareholder. The completion of the spin-off process is subject to the required approvals from the general meeting of shareholders. Eyes are now turned on whether this move will subsequently lead to the sale of the passive infrastructure, as many telecommunications companies have done.
It was also announced that OTE is closer to the sale of Telekom Romania Mobile (TKRM), which for another quarter showed a decrease in its key figures (revenue 60.9, a decrease of 8% and zero EBITDA from 2.8 million in 2024). The Romanian Competition Commission has put into consultation the texts of the commitments undertaken by the buyers of TKRM, Digi Romania and Vodafone Romania, with OTE management estimating that the agreement can be completed in one to two months.
According to OTE management, in the event that the sale of TKRM is successfully completed within 2025 and depending on the outcome, the proposed amount for the remuneration of shareholders will be adjusted appropriately to reflect the real impact on the Group’s free cash flows.
OTE Chairman and CEO, Kostas Nebis, spoke of a solid start in 2025, while responding to questions about competition and in particular the entry into the mobile telephony virtual player market, Orizon (Volton), PPC and the activity of Inalan, he noted that no impact has been observed on the company’s customer base. He added that the Group will cope with any competitive conditions that arise.
The Group’s investments in 2025 are expected to range from 610 million to 620 million, as the company continues to develop its FTTH (fiber to the home and business) infrastructure.
