Hellenic Telecommunications Organization S.A. Q2 2026 Earnings Recap

OTE’s stock rose modestly by 1.6% post-earnings, reflecting steady execution across core segments but without clear upside surprises that would drive stronger investor enthusiasm.

Key Takeaways

• Revenue growth sustained, excluding the impact from winding down the low-margin international wholesale business.
• EBITDA accelerated slightly, supported by core business performance and ongoing business model transformation.
• Fixed segment remained resilient amid competitive pressures with record-high FTTH customer additions and expanding fiber availability inclusive of rural areas.
• Mobile business continued positive momentum, highlighted by record postpaid net additions in 17 years and rising ARPU driven by data-centric plans.
• ICT and system solutions achieved double-digit growth but management cautioned on tougher comps and the end of a COVID-era deployment cycle in H2.