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Greek OTE Q2 profit rises 16.6 percent, meets fcsts

Thu Aug 28, 2008 3:32am EDT

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ATHENS, Aug 28 (Reuters) - Greece's largest telecoms group OTE (OTEr.AT) said on Thursday that second-quarter profit rose 16.6 percent, helped by increased Internet and mobile take-up.

Net profit for OTE, partly owned by Deutsche Telekom (DTEGn.DE), rose to 159.3 million euros ($235.6 million), compared to 136.6 million euros last year, the company said in a statement.

Analysts had forecast average profit of 158 million euros in a recent Reuters poll, with estimates ranging from 151 million to 171 million euros. (Reporting by George Hatzidakis; editing by Daniel Flynn)



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