Monday November 24, 2014 Search
Weather | Athens
14o C
10o C
News
Business
Comment
Life
Sports
Community
Survival Guide
Greek Edition
Greek OTE sales rise in Q4 for first time in five years

Greece's biggest telecoms company OTE reported on Thursday a rise in revenues for the first time in five years, adding to signs that the country's recession-struck economy may be bottoming out.

Revenue at the firm, which is 40-percent-owned by Germany's Deutsche Telekom, rose at an annual pace of 0.1 percent in the fourth quarter to 1.046 billion euros ($1.44 billion), it said in a bourse filing.

The figure rose "on resilient Greek fixed-line and resurgent RomTelecom," said the company, which runs the former telecom monopolies of Greece and Romania.

However, OTE said it expected sales to continue dropping in 2014, though at a slower pace than their 6.4 percent decline in 2013. This would be its smallest sales decrease in five years, a period where household income plunged, competition from rivals sharpened and regulated telephony prices plummeted.

Full-year net profit for 2013 dropped by 35 percent to 287.8 million euros, weighed by an early retirement plan for 1,800 employees which will help the company cut costs in the future.

OTE said on Wednesday it would not pay a dividend for the third consecutive year. [Reuters]

ekathimerini.com , Thursday March 6, 2014 (12:00)  
Traders eye developments with creditors
ILO calls for urgent action in Greece to create jobs, tackle social problems
Draghi urgency for ECB action gets final reality check
Greece to scrap need for permits in some 900 professions
Prosecutor seeks trial for 64 in Siemens bribery scandal
A prosecutor recommended Monday that 64 people face bribery and money laundering charges in connection with the Siemens cash-for-contracts scandal following an eight-year probe that did not,...
Thessaloniki man sentenced to 20 years for German school hostage crisis
A 55-year-old man in Thessaloniki was sentenced to 20 years in jail on Monday for taking hostages at a German school in the northern Greek city in 2009. Costas Arabatzis kidnapped the school...
Inside News
BASKETBALL
Olympiakos ends PAOKs unbeaten run in Basket League
Olympiakos put an end to PAOKs unbeaten run in the Basket League with an emphatic win at the Peace and Friendship Stadium, leaving Panathinaikos as the only team with a perfect record so fa...
INTERVIEW
Tokyo hopes to change the world
The 2020 Summer Olympic and Paralympic Games in Tokyo will serve as a springboard for the rebuilding of Japans image and economy following the triple blow of the earthquake, tsunami and nuc...
Inside Sports
COMMENTARY
Extremism from a bygone era
There are times when we seem to be overcome by self-destructive madness. I hear various commentators and politicians speaking in extreme terms of a junta, of defections, gallows, collaborato...
EDITORIAL
No call for more games
Psychological warfare has been a part of the negotiations between the troika and Athens from the very start of the crisis. But the situation is much different now and troika decision-makers ...
Inside Comment
SPONSORED LINK: FinanzNachrichten.de
SPONSORED LINK: BestPrice.gr
RECENT NEWS
1. Prosecutor seeks trial for 64 in Siemens bribery scandal
2. Thessaloniki man sentenced to 20 years for German school hostage crisis
3. Rifle used in Piraeus shooting not connected to previous attacks
4. Professor convicted over accepting bribes to pass students
5. SYRIZA denies reports of Tsipras dining with Angelopoulos-Daskalaki, Latsis
6. Teenager arrested over Facebook profile featuring indecent images of girls
more news
Today
This Week
1. Scientists expand excavation of ancient Amphipolis
2. Greek officials to meek troika chiefs in Paris to break review stalemate
3. Police seek to name man who opened fire with AK47 at Piraeus bar
4. EU said to plan 21 billion-euro risk-sharing fund for investment
5. Biden informs Anastasiades about content of talks with Erdogan
6. Countdown to missed opportunity for EU economy
Today
This Week
1. Double quake on Atalanti fault line rattles Greek capital [Update]
2. Biden heads to Istanbul amid tension over Cyprus EEZ violation
3. Anti-junta uprising anniversary to be marked amid tight security
4. Every age has its collaborators
5. Give Greece a chance
6. Carlsberg takes control of Greek brewer Olympic Brewery [Update]
Find us ...
... on
Twitter
... on Facebook
About us  |  Subscriptions  |  Advertising  |  Contact us  |  Athens Plus  |  RSS  |   
Copyright 2014, H KAΘHMEPINH All Rights Reserved.