Orbitel takes 51% of international call market in 2003

For the year ending 31 December 2003 Colombian long-distance telco Orbitel posted a profit of COP50 billion, up 51% on the previous year. Total revenues for the year stood at COP512 billion, an increase of 11.5%, while EBITDA climbed to COP108 billion. In terms of market share, the company claimed 51% of the country’s international market, up from 42.5% in 2002, and 30.6% of the long-distance sector.