Andinatel predicts fall in 2004 profits

25 Jan 2005

Ecuadorian state run telco Andinatel has announced that it expects to post profits of USD68 million – USD70 million in 2004, up from around USD83 million in 2003. It has not provided an explanation for the downturn, but is currently studying its figures. Analysts had expected the telco to post an increase in profits due to a strong performance during the year; it has launched 96,000 new telephony lines in ten provinces, as well as introducing value added services such as call waiting, call transfer and videoconferencing functions.

Ecuador, Corporacion Nacional de Telecomunicaciones (CNT)