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    <link:loc xlink:type="locator" xlink:href="ELPUFM0XZRZO4LFXW404-2023-12-31.xsd#ote_InterestAndRelatedExpensesPaidExceptLeases" xlink:label="Interestandrelatedexpensespaidexceptlease" xlink:title="Interestandrelatedexpensespaidexceptlease"/>
    <link:label xlink:type="resource" xlink:label="label_Interestandrelatedexpensespaidexceptlease" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_Interestandrelatedexpensespaidexceptlease" xml:lang="en" id="label_Interestandrelatedexpensespaidexceptlease">Interest and related expenses paid (except leases)</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="Interestandrelatedexpensespaidexceptlease" xlink:to="label_Interestandrelatedexpensespaidexceptlease" xlink:title="label: Interestandrelatedexpensespaidexceptlease to label_Interestandrelatedexpensespaidexceptlease"/>
    <link:label xlink:type="resource" xlink:label="label_InterestAndRelatedExpensesPaidExceptLeases" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:title="label_InterestAndRelatedExpensesPaidExceptLeases" xml:lang="en" id="label_InterestAndRelatedExpensesPaidExceptLeases">Interest and related expenses paid (except leases)</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="Interestandrelatedexpensespaidexceptlease" xlink:to="label_InterestAndRelatedExpensesPaidExceptLeases" xlink:title="label: InterestAndRelatedExpensesPaidExceptLeases to label_InterestAndRelatedExpensesPaidExceptLeases"/>
    <link:loc xlink:type="locator" xlink:href="ELPUFM0XZRZO4LFXW404-2023-12-31.xsd#ote_InterestPaidForLeases" xlink:label="Interestpaidforleases" xlink:title="Interestpaidforleases"/>
    <link:label xlink:type="resource" xlink:label="label_Interestpaidforleases" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_Interestpaidforleases" xml:lang="en" id="label_Interestpaidforleases">Interest paid for leases</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="Interestpaidforleases" xlink:to="label_Interestpaidforleases" xlink:title="label: Interestpaidforleases to label_Interestpaidforleases"/>
    <link:label xlink:type="resource" xlink:label="label_InterestPaidForLeases" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:title="label_InterestPaidForLeases" xml:lang="en" id="label_InterestPaidForLeases">Interest paid for leases</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="Interestpaidforleases" xlink:to="label_InterestPaidForLeases" xlink:title="label: InterestPaidForLeases to label_InterestPaidForLeases"/>
    <link:loc xlink:type="locator" xlink:href="ELPUFM0XZRZO4LFXW404-2023-12-31.xsd#ote_ReturnOfCapitalInvestedInSubsidiary" xlink:label="Returnofcapitalinvestedinsubsidiary" xlink:title="Returnofcapitalinvestedinsubsidiary"/>
    <link:label xlink:type="resource" xlink:label="label_Returnofcapitalinvestedinsubsidiary" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_Returnofcapitalinvestedinsubsidiary" xml:lang="en" id="label_Returnofcapitalinvestedinsubsidiary">Return of capital invested in subsidiary</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="Returnofcapitalinvestedinsubsidiary" xlink:to="label_Returnofcapitalinvestedinsubsidiary" xlink:title="label: Returnofcapitalinvestedinsubsidiary to label_Returnofcapitalinvestedinsubsidiary"/>
    <link:loc xlink:type="locator" xlink:href="ELPUFM0XZRZO4LFXW404-2023-12-31.xsd#ote_ProvisionForYouthAccountCashFlow" xlink:label="ProvisionforyouthaccountCF" xlink:title="ProvisionforyouthaccountCF"/>
    <link:label xlink:type="resource" xlink:label="label_ProvisionforyouthaccountCF" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ProvisionforyouthaccountCF" xml:lang="en" id="label_ProvisionforyouthaccountCF">Provision for youth account (Cash Flow)</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ProvisionforyouthaccountCF" xlink:to="label_ProvisionforyouthaccountCF" xlink:title="label: ProvisionforyouthaccountCF to label_ProvisionforyouthaccountCF"/>
    <link:loc xlink:type="locator" xlink:href="ELPUFM0XZRZO4LFXW404-2023-12-31.xsd#ote_RetailServicesRevenues" xlink:label="Retailservicesrevenues" xlink:title="Retailservicesrevenues"/>
    <link:label xlink:type="resource" xlink:label="label_Retailservicesrevenues" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_Retailservicesrevenues" xml:lang="en" id="label_Retailservicesrevenues">Retail services revenues</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="Retailservicesrevenues" xlink:to="label_Retailservicesrevenues" xlink:title="label: Retailservicesrevenues to label_Retailservicesrevenues"/>
    <link:loc xlink:type="locator" xlink:href="ELPUFM0XZRZO4LFXW404-2023-12-31.xsd#ote_HandsetRevenues" xlink:label="Handsetrevenues" xlink:title="Handsetrevenues"/>
    <link:label xlink:type="resource" xlink:label="label_Handsetrevenues" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_Handsetrevenues" xml:lang="en" id="label_Handsetrevenues">Handset revenues</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="Handsetrevenues" xlink:to="label_Handsetrevenues" xlink:title="label: Handsetrevenues to label_Handsetrevenues"/>
    <link:loc xlink:type="locator" xlink:href="ELPUFM0XZRZO4LFXW404-2023-12-31.xsd#ote_InterconnectionAndRoamingCosts" xlink:label="Interconnectionandroamingcosts" xlink:title="Interconnectionandroamingcosts"/>
    <link:label xlink:type="resource" xlink:label="label_Interconnectionandroamingcosts" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_Interconnectionandroamingcosts" xml:lang="en" id="label_Interconnectionandroamingcosts">Interconnection and roaming costs</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="Interconnectionandroamingcosts" xlink:to="label_Interconnectionandroamingcosts" xlink:title="label: Interconnectionandroamingcosts to label_Interconnectionandroamingcosts"/>
    <link:label xlink:type="resource" xlink:label="label_InterconnectionAndRoamingCosts" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:title="label_InterconnectionAndRoamingCosts" xml:lang="en" id="label_InterconnectionAndRoamingCosts">Interconnection and roaming costs</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="Interconnectionandroamingcosts" xlink:to="label_InterconnectionAndRoamingCosts" xlink:title="label: InterconnectionAndRoamingCosts to label_InterconnectionAndRoamingCosts"/>
    <link:loc xlink:type="locator" xlink:href="ELPUFM0XZRZO4LFXW404-2023-12-31.xsd#ote_TotalProfitLossFromFinancialAndInvestingActivities" xlink:label="Totalprofitlossfromfinancialandinvestingactivities" xlink:title="Totalprofitlossfromfinancialandinvestingactivities"/>
    <link:label xlink:type="resource" xlink:label="label_Totalprofitlossfromfinancialandinvestingactivities" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_Totalprofitlossfromfinancialandinvestingactivities" xml:lang="en" id="label_Totalprofitlossfromfinancialandinvestingactivities">Total profit  / (loss) from financial and investing activities</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="Totalprofitlossfromfinancialandinvestingactivities" xlink:to="label_Totalprofitlossfromfinancialandinvestingactivities" xlink:title="label: Totalprofitlossfromfinancialandinvestingactivities to label_Totalprofitlossfromfinancialandinvestingactivities"/>
    <link:label xlink:type="resource" xlink:label="label_TotalProfitLossFromFinancialAndInvestingActivities" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:title="label_TotalProfitLossFromFinancialAndInvestingActivities" xml:lang="en" id="label_TotalProfitLossFromFinancialAndInvestingActivities">Total profit  / (loss) from financial and investing activities</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="Totalprofitlossfromfinancialandinvestingactivities" xlink:to="label_TotalProfitLossFromFinancialAndInvestingActivities" xlink:title="label: TotalProfitLossFromFinancialAndInvestingActivities to label_TotalProfitLossFromFinancialAndInvestingActivities"/>
    <link:loc xlink:type="locator" xlink:href="ELPUFM0XZRZO4LFXW404-2023-12-31.xsd#ote_OtherRevenuesFromMobileBusiness" xlink:label="Otherrevenuesmobile" xlink:title="Otherrevenuesmobile"/>
    <link:label xlink:type="resource" xlink:label="label_Otherrevenuesmobile" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_Otherrevenuesmobile" xml:lang="en" id="label_Otherrevenuesmobile">Other revenues from mobile business</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="Otherrevenuesmobile" xlink:to="label_Otherrevenuesmobile" xlink:title="label: Otherrevenuesmobile to label_Otherrevenuesmobile"/>
    <link:loc xlink:type="locator" xlink:href="ELPUFM0XZRZO4LFXW404-2023-12-31.xsd#ote_DeferredTaxesOnActuarialGainsLosses" xlink:label="Deferredtaxesonactuarialgainslosses" xlink:title="Deferredtaxesonactuarialgainslosses"/>
    <link:label xlink:type="resource" xlink:label="label_Deferredtaxesonactuarialgainslosses" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_Deferredtaxesonactuarialgainslosses" xml:lang="en" id="label_Deferredtaxesonactuarialgainslosses">Deferred taxes on actuarial gains / (losses)</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="Deferredtaxesonactuarialgainslosses" xlink:to="label_Deferredtaxesonactuarialgainslosses" xlink:title="label: Deferredtaxesonactuarialgainslosses to label_Deferredtaxesonactuarialgainslosses"/>
    <link:label xlink:type="resource" xlink:label="label_DeferredTaxesOnActuarialGainsLosses" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:title="label_DeferredTaxesOnActuarialGainsLosses" xml:lang="en" id="label_DeferredTaxesOnActuarialGainsLosses">Deferred taxes on actuarial gains / (losses)</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="Deferredtaxesonactuarialgainslosses" xlink:to="label_DeferredTaxesOnActuarialGainsLosses" xlink:title="label: DeferredTaxesOnActuarialGainsLosses to label_DeferredTaxesOnActuarialGainsLosses"/>
    <link:loc xlink:type="locator" xlink:href="ELPUFM0XZRZO4LFXW404-2023-12-31.xsd#ote_GainsLossesFromInvestmentsAndOtherFinancialAssetsImpairmentCashFlow" xlink:label="Gainslossesfrominvestmentsandotherfinancialassets" xlink:title="Gainslossesfrominvestmentsandotherfinancialassets"/>
    <link:label xlink:type="resource" xlink:label="label_Gainslossesfrominvestmentsandotherfinancialassets" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_Gainslossesfrominvestmentsandotherfinancialassets" xml:lang="en" id="label_Gainslossesfrominvestmentsandotherfinancialassets">(Gains) / losses from investments and other financial assets – Impairment (Cash Flow)</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="Gainslossesfrominvestmentsandotherfinancialassets" xlink:to="label_Gainslossesfrominvestmentsandotherfinancialassets" xlink:title="label: Gainslossesfrominvestmentsandotherfinancialassets to label_Gainslossesfrominvestmentsandotherfinancialassets"/>
    <link:loc xlink:type="locator" xlink:href="ELPUFM0XZRZO4LFXW404-2023-12-31.xsd#ote_GainsLossesFromInvestmentsAndOtherFinancialAssetsImpairmentPnl" xlink:label="GainslossesfrominvestmentsandotherfinancialassetsImpairment" xlink:title="GainslossesfrominvestmentsandotherfinancialassetsImpairment"/>
    <link:label xlink:type="resource" xlink:label="label_GainslossesfrominvestmentsandotherfinancialassetsImpairment" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_GainslossesfrominvestmentsandotherfinancialassetsImpairment" xml:lang="en" id="label_GainslossesfrominvestmentsandotherfinancialassetsImpairment">Gains / (losses) from investments and other financial assets - Impairment (PnL)</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="GainslossesfrominvestmentsandotherfinancialassetsImpairment" xlink:to="label_GainslossesfrominvestmentsandotherfinancialassetsImpairment" xlink:title="label: GainslossesfrominvestmentsandotherfinancialassetsImpairment to label_GainslossesfrominvestmentsandotherfinancialassetsImpairment"/>
    <link:loc xlink:type="locator" xlink:href="ELPUFM0XZRZO4LFXW404-2023-12-31.xsd#ote_TotalRevenuesFromFixedBusiness" xlink:label="Totalrevenuesfromfixedbusiness" xlink:title="Totalrevenuesfromfixedbusiness"/>
    <link:label xlink:type="resource" xlink:label="label_Totalrevenuesfromfixedbusiness" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_Totalrevenuesfromfixedbusiness" xml:lang="en" id="label_Totalrevenuesfromfixedbusiness">Total revenues from fixed business</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="Totalrevenuesfromfixedbusiness" xlink:to="label_Totalrevenuesfromfixedbusiness" xlink:title="label: Totalrevenuesfromfixedbusiness to label_Totalrevenuesfromfixedbusiness"/>
    <link:label xlink:type="resource" xlink:label="label_TotalRevenuesFromFixedBusiness" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:title="label_TotalRevenuesFromFixedBusiness" xml:lang="en" id="label_TotalRevenuesFromFixedBusiness">Total revenues from fixed business</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="Totalrevenuesfromfixedbusiness" xlink:to="label_TotalRevenuesFromFixedBusiness" xlink:title="label: TotalRevenuesFromFixedBusiness to label_TotalRevenuesFromFixedBusiness"/>
    <link:loc xlink:type="locator" xlink:href="ELPUFM0XZRZO4LFXW404-2023-12-31.xsd#ote_TotalRevenuesFromMobileBusiness" xlink:label="Totalrevenuesfrommobilebusiness" xlink:title="Totalrevenuesfrommobilebusiness"/>
    <link:label xlink:type="resource" xlink:label="label_Totalrevenuesfrommobilebusiness" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_Totalrevenuesfrommobilebusiness" xml:lang="en" id="label_Totalrevenuesfrommobilebusiness">Total revenues from mobile business</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="Totalrevenuesfrommobilebusiness" xlink:to="label_Totalrevenuesfrommobilebusiness" xlink:title="label: Totalrevenuesfrommobilebusiness to label_Totalrevenuesfrommobilebusiness"/>
    <link:label xlink:type="resource" xlink:label="label_TotalRevenuesFromMobileBusiness" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:title="label_TotalRevenuesFromMobileBusiness" xml:lang="en" id="label_TotalRevenuesFromMobileBusiness">Total revenues from mobile business</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="Totalrevenuesfrommobilebusiness" xlink:to="label_TotalRevenuesFromMobileBusiness" xlink:title="label: TotalRevenuesFromMobileBusiness to label_TotalRevenuesFromMobileBusiness"/>
    <link:loc xlink:type="locator" xlink:href="ELPUFM0XZRZO4LFXW404-2023-12-31.xsd#ote_PersonnelCosts" xlink:label="Personnelcosts" xlink:title="Personnelcosts"/>
    <link:label xlink:type="resource" xlink:label="label_Personnelcosts" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_Personnelcosts" xml:lang="en" id="label_Personnelcosts">Personnel costs</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="Personnelcosts" xlink:to="label_Personnelcosts" xlink:title="label: Personnelcosts to label_Personnelcosts"/>
    <link:label xlink:type="resource" xlink:label="label_PersonnelCosts" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:title="label_PersonnelCosts" xml:lang="en" id="label_PersonnelCosts">Personnel costs</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="Personnelcosts" xlink:to="label_PersonnelCosts" xlink:title="label: PersonnelCosts to label_PersonnelCosts"/>
    <link:loc xlink:type="locator" xlink:href="ELPUFM0XZRZO4LFXW404-2023-12-31.xsd#ote_OperatingProfitBeforeFinancialAndInvestingActivitiesDepreciationAmortizationAndImpairment" xlink:label="Operatingprofitbeforefinancialandinvestingactivitiesdepreciationamortizationandimpairment" xlink:title="Operatingprofitbeforefinancialandinvestingactivitiesdepreciationamortizationandimpairment"/>
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    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="Operatingprofitbeforefinancialandinvestingactivitiesdepreciationamortizationandimpairment" xlink:to="label_Operatingprofitbeforefinancialandinvestingactivitiesdepreciationamortizationandimpairment" xlink:title="label: Operatingprofitbeforefinancialandinvestingactivitiesdepreciationamortizationandimpairment to label_Operatingprofitbeforefinancialandinvestingactivitiesdepreciationamortizationandimpairment"/>
    <link:label xlink:type="resource" xlink:label="label_OperatingProfitBeforeFinancialAndInvestingActivitiesDepreciationAmortizationAndImpairment" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:title="label_OperatingProfitBeforeFinancialAndInvestingActivitiesDepreciationAmortizationAndImpairment" xml:lang="en" id="label_OperatingProfitBeforeFinancialAndInvestingActivitiesDepreciationAmortizationAndImpairment">Operating profit before financial and investing activities, depreciation, amortization and impairment</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="Operatingprofitbeforefinancialandinvestingactivitiesdepreciationamortizationandimpairment" xlink:to="label_OperatingProfitBeforeFinancialAndInvestingActivitiesDepreciationAmortizationAndImpairment" xlink:title="label: OperatingProfitBeforeFinancialAndInvestingActivitiesDepreciationAmortizationAndImpairment to label_OperatingProfitBeforeFinancialAndInvestingActivitiesDepreciationAmortizationAndImpairment"/>
    <link:loc xlink:type="locator" xlink:href="ELPUFM0XZRZO4LFXW404-2023-12-31.xsd#ote_ProvisionForStaffRetirementIndemnitiesBalanceSheet" xlink:label="ProvisionforstaffretirementindemnitiesBS" xlink:title="ProvisionforstaffretirementindemnitiesBS"/>
    <link:label xlink:type="resource" xlink:label="label_ProvisionforstaffretirementindemnitiesBS" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_ProvisionforstaffretirementindemnitiesBS" xml:lang="en" id="label_ProvisionforstaffretirementindemnitiesBS">Provision for staff retirement indemnities (Balance Sheet)</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ProvisionforstaffretirementindemnitiesBS" xlink:to="label_ProvisionforstaffretirementindemnitiesBS" xlink:title="label: ProvisionforstaffretirementindemnitiesBS to label_ProvisionforstaffretirementindemnitiesBS"/>
    <link:loc xlink:type="locator" xlink:href="ELPUFM0XZRZO4LFXW404-2023-12-31.xsd#ote_DescriptionOfAccountingPolicyForTelecomunicationLicensesTextBlock" xlink:label="DescriptionOfAccountingPolicyForIntangibleAssetsOtherThanGoodwillExplanatory" xlink:title="DescriptionOfAccountingPolicyForIntangibleAssetsOtherThanGoodwillExplanatory"/>
    <link:label xlink:type="resource" xlink:label="label_DescriptionOfAccountingPolicyForIntangibleAssetsOtherThanGoodwillExplanatory" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DescriptionOfAccountingPolicyForIntangibleAssetsOtherThanGoodwillExplanatory" xml:lang="en" id="label_DescriptionOfAccountingPolicyForIntangibleAssetsOtherThanGoodwillExplanatory">Description of accounting policy for telecomunication licenses [text block]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DescriptionOfAccountingPolicyForIntangibleAssetsOtherThanGoodwillExplanatory" xlink:to="label_DescriptionOfAccountingPolicyForIntangibleAssetsOtherThanGoodwillExplanatory" xlink:title="label: DescriptionOfAccountingPolicyForIntangibleAssetsOtherThanGoodwillExplanatory to label_DescriptionOfAccountingPolicyForIntangibleAssetsOtherThanGoodwillExplanatory"/>
    <link:loc xlink:type="locator" xlink:href="ELPUFM0XZRZO4LFXW404-2023-12-31.xsd#ote_DisclosureOfTelecomunicationLicensesTextBlock" xlink:label="DisclosureOfTelecomunicationLicensesTextBlock" xlink:title="DisclosureOfTelecomunicationLicensesTextBlock"/>
    <link:label xlink:type="resource" xlink:label="label_DisclosureOfTelecomunicationLicensesTextBlock" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_DisclosureOfTelecomunicationLicensesTextBlock" xml:lang="en" id="label_DisclosureOfTelecomunicationLicensesTextBlock">Disclosure of telecomunication licenses [text block]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="DisclosureOfTelecomunicationLicensesTextBlock" xlink:to="label_DisclosureOfTelecomunicationLicensesTextBlock" xlink:title="label: DisclosureOfTelecomunicationLicensesTextBlock to label_DisclosureOfTelecomunicationLicensesTextBlock"/>
    <link:loc xlink:type="locator" xlink:href="ELPUFM0XZRZO4LFXW404-2023-12-31.xsd#ote_PaymentsRelatedToSubsidiaryShareCapitalReduction" xlink:label="PaymentsRelatedToSubsidiaryShareCapitalReduction" xlink:title="PaymentsRelatedToSubsidiaryShareCapitalReduction"/>
    <link:label xlink:type="resource" xlink:label="label_PaymentsRelatedToSubsidiaryShareCapitalReduction" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="label_PaymentsRelatedToSubsidiaryShareCapitalReduction" xml:lang="en" id="label_PaymentsRelatedToSubsidiaryShareCapitalReduction">Payments related to subsidiary share capital reduction</link:label>
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