Greek OTE Q2 profit drops 40 pct yy but fixed-line operations improve

Greece's biggest telecoms company OTE reported on Thursday a 40 percent annual profit drop in the second quarter, as it continues to suffer from tough regulation, sharp competition and severe austerity in its two main markets, Greece and Romania.Net income stood at 57.2 million euros ($76.18 million) from 94.6 million in the same period last year, said OTE, a unit of Germany's Deutsche ...

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