OTE’s group EBITDA up 6.2%, Greek figure down 5.5%

Greek and southeast European telecoms group OTE has reported a 6.2% year-on-year improvement in consolidated earnings before interest, tax, depreciation and amortisation (EBITDA) to EUR417.5 million (USD541.4 million) in the first quarter of 2012, as group turnover dropped by 3.6% to EUR1.18 billion, the slowest rate of decline in two years.

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OVETEL OTE’s group EBITDA up 6.2%, Greek figure down 5.5%