Greece's OTE posts loss in Q4, misses estimates

ATHENS, Feb 25 (Reuters) - Greece's OTE OTEr.AT, southeast Europe's biggest telecoms company, unexpectedly posted a fourth quarter loss on Thursday, hurt by a one-off tax the government imposed to cope with a debt crisis.

OTE, which is 30-percent owned by Deutsche Telekom DTEGn.DE, said net loss came to 30.5 million euros ($41.10 million) versus an average forecast for a 7.1 million euro profit in a Reuters poll of analysts.

The company said it will cut its dividend on 2009 earnings to 0.50 euros a share to preserve its capacity to invest. Sales in 2010 would continue to be affected by unfavourable economic conditions, it said.

(Reporting by Harry Papachristou; Editing by Rupert Winchester)

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