Cosmote / OTE, also known as OTE Group of Companies, is a publicly owned company headquartered in Greece. Founded in 1949, it employs approximately 5,780 individuals and reported $3.9B in revenue as of 2024. Functioning as a tier 1 media tech buyer, it is a subsidiary of Deutsche Telekom. The company operates primarily in the telecoms sector, offering fixed-line and mobile telephony, broadband services, pay-TV, and integrated ICT solutions. OTE Group is also active in maritime communications and real-estate, providing 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:

OTE management proposed a dividend of 0.8777 euros per share on February 26, 2026, marking a 22% increase and totaling 355 million euros. The announcement followed the OTE Group's report of an 8.7% increase in revenue and a 2.3% rise in adjusted EBITDA in the fourth quarter of 2025. Previously, on February 25, the Hellenic Telecommunications Organization unveiled its Q4 2025 results, with quarterly revenues reaching €916.3 million, an 8.7% year-over-year increase that represented its strongest quarterly performance in Greece for the year. This growth was driven by strong performance in both fixed and mobile services, with mobile service revenues expanding by 5.2%. Adjusted EBITDA after leases grew by 2.3% in Q4 2025, and Free Cash Flow rose to 168 million euros, a 15.9% increase from the previous year. The company's strategic focus on fiber and 5G expansion continues, with approximately 600 million euros planned for capital expenditure in 2026, as OTE Group expects to accelerate EBITDA growth to approximately 3% in 2026 through cost savings and operational efficiency improvements. Earlier, on January 29, OTE Group completed the acquisition of 100% of Terna Fiber, a move that strengthened the company's position in the fiber-optic infrastructure market by gaining full control of Terna Fiber's projects and networks.

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Cosmote / OTE offers 7 products in the media and telecoms services and connectivity and cloud industries. Cosmote / OTE's product portfolio comprises of enterprise connectivity services, consumer electronics, media and TV services, broadcast television and radio 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 Vantiva, Google and Oracle.

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

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