ATHENS, March 2 Greece's biggest telecoms
operator OTE posted on Thursday a 1.4 percent drop in
fourth-quarter core profit, hurt by tough conditions in Greece
and weak performance in Romania.
OTE, 40 percent owned and managed by Germany's Deutsche
Telekom, reported earnings before interest, tax,
depreciation and amortisation (EBITDA) of 343.7 million euros
($362.09 million) in the fourth quarter, down from 348.5 million
euros in the same period a year ago.
The figure strips out one-off items.
OTE will pay a dividend of 0.16 euros a share, up from 0.10
euros it paid on 2015 profit. It said it doesn't expect a
material change to current trends in the coming quarters.
($1 = 0.9492 euros)
(Reporting by Angeliki Koutantou)