Hellenic Telecommunications Organization (OTE) said it expects its 2009 revenues and operating profits to be roughly in line with 2008 as lower fixed-line sales in Greece are offset by gains in Romania. In 2008, the Athens-based company's revenue climbed 1.4% to 6.41 billion euros.
OTE said challenges for 2009 include irrational pricing moves by fixed and mobile competitors, declining currencies in certain countries and unpredictable regulatory decisions. source: OTE statement
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