May 14, 2020 / 7:32 AM / 19 days ago

RPT-OTE Telecom Q1 profit up on strong Greek data, broadband usage

ATHENS, May 14 (Reuters) - OTE Telecom, Greece’s biggest telecoms operator, reported on Thursday a 3.6% rise in core profit thanks to increased data traffic and usage of broadband services amid the coronavirus lockdown.

OTE Telecom, which is 46% owned and managed by Deutsche Telecom, said earnings before interest, tax, depreciation and amortisation (EBITDA) came in at 347 million euros ($375.00 million), up from 334.9 million in the same period last year. (Reporting by Angeliki Koutantou)

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