September 28, 2016 12:56 AM ET

Diversified Telecommunication Services

Company Overview of Hellenic Telecommunications Organization SA

Company Overview

Hellenic Telecommunications Organization S.A., together with its subsidiaries, provides telecommunications and related services to businesses and individuals in Greece, Albania, and Romania. It operates through OTE, COSMOTE Group, and TELEKOM ROMANIA segments. The company offers fixed-line and mobile telephony services; Internet access and ICT services; and TV services. It also provides broadband, high-speed data communications, leased lines, consultancy and security, e-commerce, financing, insurance brokerage, retail, marketing, overdue accounts management, wholesale broadband, and infrastructure services. In addition, the company is involved in wireless and satellite communications compris...

99 Kifissias Avenue

Maroussi

Athens,  151 24

Greece

Founded in 1949

21,497 Employees

Key Executives for Hellenic Telecommunications Organization SA

Hellenic Telecommunications Organization SA does not have any Key Executives recorded.

Hellenic Telecommunications Organization SA Key Developments

The Hellenic Telecommunications Organization SA Signs Agreement with the European Bank for Reconstruction and Development

The Hellenic Telecommunications Organization SA announced the signing of an agreement with the European Bank for Reconstruction and Development (EBRD) to raise €339 million as a syndicated facility and a parallel bilateral loan with Black Sea Trade and Development Bank (BSTDB) of €50 million in order to provide additional liquidity for OTE Group's strategic investments in Greece and enhance the development of New Generation Networks. OTE Group's investment plan in Greece for the next four years is expected to reach €1.3 billion and includes the development of Next Generation Access (NGA), the IP network transformation as well as the launch of new innovative products and services. Investments in NGA are an important lever for economic growth and business development, offering to consumers faster internet, improved quality and wider coverage, bridging the digital divide. Through the implementation of its investment strategy, OTE Group will not only support the growth of the Greek economy but also contribute substantially to Greece achieving the "Digital Agenda for Europe 2020" targets.

Hellenic Telecommunications Organization SA Announces Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2016; Provides CapEx Guidance for the Full Year of 2016

Hellenic Telecommunications Organization SA announced consolidated earnings results for the second quarter and six months ended June 30, 2016. For the quarter, the company reported total revenues of EUR 954.7 million against EUR 953.5 million a year ago. EBITDA was EUR 305.1 million against EUR 235.2 million a year ago. Pro forma EBITDA was EUR 310.9 million against EUR 318.4 million a year ago. Operating profit before financial activities (EBIT) was EUR 99.2 million against EUR 35.4 million a year ago. Profit before income taxes (EBT) was EUR 63.0 million against EUR 17.8 million a year ago. Profit for the period from continuing operations was EUR 22.6 million against Loss for the period from continuing operations of EUR 8.0 million a year ago. Net cash flows from operating activities were EUR 253.0 million against EUR 221.8 million a year ago. Net income was EUR 33.6 million against net loss EUR 3.6 million a year ago. Basic earnings per share EUR 0.0687 against basic loss per share EUR 0.0074. Purchase of property, plant and equipment and intangible assets was EUR 138.1 million against EUR 139.6 million a year ago. Adjusted net operating cash flow was EUR 263.4 million against EUR 237.3 million a year ago. Adjusted CapEx was EUR 138.1 million against EUR 131.2 million a year ago. Adjusted free cash flow was EUR 125.3 million against EUR 106.1 million a year ago. For the six months, the company reported total revenues of EUR 1,883.2 million against EUR 1,894.3 million a year ago. EBITDA was EUR 610.5 million against EUR 555.2 million a year ago. Pro forma EBITDA was EUR 620.2 million against EUR 644.4 million a year ago. Operating profit before financial activities (EBIT) was EUR 196.4 million against EUR 154.6 million a year ago. Profit before income taxes (EBT) was EUR 126.5 million against EUR 97.8 million a year ago. Profit for the period from continuing operations was EUR 48.7 million against EUR 31.0 million a year ago. Net income was EUR 67.5 million against net loss EUR 36.8 million a year ago. Basic earnings per share EUR 0.1381 against EUR 0.0753. For full year of 2016, the company expects total CapEx in 2016 be in the vicinity of EUR 0.55 billion, excluding spectrum. The company also expects free cash flow (excluding VES, one off charges and spectrum payments) for full year 2016 to amount to approximately EUR 0.5 billion.

Hellenic Telecommunications Organization SA to Report Q2, 2016 Results on Aug 11, 2016

Hellenic Telecommunications Organization SA announced that they will report Q2, 2016 results at 10:00 AM, US Eastern Standard Time on Aug 11, 2016

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