Cosmote / OTE, also known as OTE Group of Companies, is a Publicly Owned company headquartered in Greece, with Deutsche Telekom as a parent company. It functions as a tier 1 media tech buyer. Founded in 1949, the company employs approximately 5,780 individuals and reported $3.9B in revenue as of 2024. Specializing in telecoms, the company offers services that include fixed-line and mobile telephony, broadband services, pay-TV, and integrated ICT solutions. Beyond core telecommunications, the Group is active in maritime communications and real-estate. It also provides 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 received LEED Platinum certification, the highest distinction from the U.S. Green Building Council, making it the largest office building in Greece to achieve this recognition. Previously, on February 26, 2026, OTE’s management proposed a 22% increase in its dividend, reaching 0.8777 euros per share, with the total amount distributed reaching 355 million euros. This followed the company’s announcement on February 25, 2026, of strong fourth-quarter 2025 results, which saw revenue increase by 8.7% to €916.3 million, marking its strongest quarterly performance in Greece for the year. Adjusted EBITDA after leases grew by 2.3%, and Free Cash Flow rose 15.9% to 168 million euros. OTE attributed this growth to strong performance in both fixed and mobile services, with mobile service revenues growing by 5.2%. The company plans approximately 600 million euros in capital expenditure for 2026, focusing on fiber and 5G expansion, and anticipates accelerating EBITDA growth to approximately 3% in 2026 through cost savings and operational efficiencies.

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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, consumer electronics, broadcast television and radio, enterprise connectivity services 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, Oracle and Google.

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

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