Durable performance was recorded by OTEGLOBE, despite the pandemic, according to the company’s 2020 financial results.
Within a very difficult and challenging environment, OTEGLOBE has managed to counterbalance its revenues reduction, caused by the decrease in international voice traffic and the pandemic’s impact on the Data & Capacity Sales. As a result, the company’s revenues remained relatively stable, reaching €346.4 mn from 349.4 mn last year, while the EBITDA reached 24.3 mn, recording a decrease of 9% compared to 2020, mainly due to the precautional measures against the pandemic and the respective global instability & uncertainty.
During last year OTEGLOBE contributed significantly to the battle against the pandemic by continuously offering its critical, top quality services both to OTE Group of Companies and the country.
By capitalizing both on Greece’s geographic position’s advantage and the company’s technological advance, OTEGLOBE has recorded a very successful performance throughout the last years and has proved to be the leading wholesale carrier in SE Europe and a reliable hub in the Mediterranean for connecting Europe to Asia and the world.
OTEGLOBE has recently made one more significant upgrade on its international backbone network, continuing to investing in new technologies not only to meet its customers’ demand for international traffic but also to expand to the new markets of M. East and N. Africa.