OTE Group financial and digital expansion

In Q2 2026, Greece’s OTE Group reported a €145 million net profit, up 12 % year‑on‑year, and an adjusted EBITDA of €343.3 million, with revenue flat and margins improving to 40.1 %. Growth was driven by fiber‑to‑the‑home (FTTH) connections, adding about 62 000 new customers and raising FTTH penetration to 41.7 % of its line portfolio, while TV and fixed‑wireless subscriptions also rose.

Following the results, CEO Kostas Nembis linked the performance to the company’s strategic plan, emphasizing continued strength in mobile, FTTH, FWA, TV and System Solutions. OTE secured a €45 million data‑center contract and expanded its international collaborations with NATO, the United Nations and the European Food Safety Authority. The group is pushing into high‑growth digital services—cloud, cybersecurity and artificial‑intelligence—including GPU‑based workloads and AI agents for business customers. S&P upgraded OTE’s credit rating to A‑, supporting its aim to become a digital‑first, AI‑native operator, while funding from the EU Recovery and Resilience Facility underpins projects through 2027.