Cosmote / OTE, also known as OTE Group of Companies, is a publicly owned company headquartered in Greece. A subsidiary of Deutsche Telekom, founded in 1949, with approximately 5,780 employees, it reported $3.9B in revenue as of 2024, and is identified as a Tier 1 media tech buyer. The company specializes in telecoms, offering a wide range of services including fixed-line and mobile telephony, broadband services, pay-TV, and integrated ICT solutions. Beyond its core telecom offerings, OTE Group is also active in maritime communications and real-estate. Its portfolio includes the payzy by COSMOTE electronic transactions and payments service, the BOX online food delivery service, and the COSMOTE Insurance digital platform for comparison and purchase of insurance. Internationally, the Group operates in the mobile telecommunications market of Romania.

2024 Revenue

Founded

1949

Headcount

5,780

Headquarters

Greece

Primary Segment

Telecoms

Ownership

Publicly Owned

News Summary:

On March 10, 2026, the recently renovated OTE Headquarters, recognized as the largest office building in Greece, received LEED Platinum certification, the highest distinction under the U.S. Green Building Council's internationally recognized system. Previously, on February 26, OTE Group proposed a dividend of 0.8777 euros per share, a 22% increase amounting to a total of 355 million euros, after recording an 8.7% increase in revenue and a 2.3% rise in adjusted EBITDA for the fourth quarter of 2025. This followed the company’s February 25 announcement of its fourth-quarter 2025 results, which showed revenues jumping 8.7% year-over-year to €916.3 million, marking its strongest quarterly performance in Greece for the year. The Group reported solid growth driven by strong performance in both fixed and mobile services, with mobile service revenues growing by 5.2%. Adjusted EBITDA after leases grew by 2.3% in Q4 2025, and Free Cash Flow increased 15.9% to 168 million euros. OTE Group’s strategic focus continues on fiber and 5G expansion, with a capital expenditure of approximately 600 million euros planned for 2026, and it expects to accelerate EBITDA growth to approximately 3% in 2026, driven by cost savings and operational efficiency improvements.

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Cosmote / OTE offers 7 products in the connectivity and cloud and media and telecoms services industries. Cosmote / OTE's product portfolio comprises of media and TV services, broadcast television and radio, enterprise connectivity services, consumer electronics and telecoms.
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Cosmote / OTE's revenues were $3.9B in 2024. Caretta Research has split Cosmote / OTE's revenue into 8 different product categories, the largest of which is mobile services, which represents 23% of Cosmote / OTE's revenue.
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Examples of Cosmote / OTE's suppliers include Oracle, Vantiva and Google.

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Cosmote / OTE currently holds 58 broadcasting rights for sports competitions including handball, motorsports, basketball, american football, futsal, tennis, soccer | association football, ice hockey, sports sublicensing, beach soccer, volleyball and padel and pickleball.

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