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OTE net profits up 83.4% in H1 2016

Telecoms provider OTE, the one-time state-run telephony utility for several decades, on Thursday reported net profits for H1 2016 up by 83.4 percent – or 67.5 million euros in absolute terms.

Turnover remains stagnant at 1.883 billion euros, with EBITDA up 10 percent, or 610.5 million in profits.

DT holds OTE’s management.