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OTE Telecom first quarter core profit rises 1.6%

ATHENS, May 12 (Reuters) - OTE Telecom, Greece’s biggest telecoms operator, on Wednesday posted higher first-quarter core profit, helped by growing mobile business at home.

OTE Telecom, 46% owned and managed by Deutsche Telecom , said core earnings (EBITDA) reached 301 million euros ($365.08 million) in the first quarter, up from 296.5 million euros in the first quarter last year. ($1 = 0.8245 euros) (Reporting by Angeliki Koutantou)

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