| NOTAS: | "...2011 was a critical year for the Greek Electronic Communications market with regard to the operators’ financial performance (turnover, gross profits and total assets)2. At the same time, the impact of the financial crisis became especially apparent since Greece saw one of the biggest drops in telecommunications revenues and investments in the EU-27.
More specifically, Mobile Telecommunications Operators (MTOs) suffered significant reductions of their turnover (10%) and assets (6%), while their gross profit improved by 2%. Additionally, OTE suffered a 12% reduction in turnover due to a number of factors (fall in national and international telephony revenues, interconnection fees, telecommunications equipment sales etc.) and of its assets by 2%. However, its gross profit (despite the reduction in revenues) increased significantly by 41% due to serious cutbacks in the cost of early retirement program, in telecommunications equipment, and in the charges of national and international telecommunications operators (reductions of 81%, 22%, 21% and 19% respectively). In contrast, alternative telephony operators improved impressively both their revenues (by 9%) and their gross profit (by more than 200%) mainly thanks to the good financial performance of the biggest companies. …" |
