Entel’s half-year profit up 27%

3 Aug 2005

Chile’s second biggest telco Entel posted net income of CLP35.1 billion (USD62.5 million) for the first half of 2005, up 27% compared to the CLP25.6 billion it recorded in the same period last year. The company attributed the rise to higher service and equipment revenues at its mobile arm, Entel PCS, as well as higher takings from call centre services and billing fees. Total revenues went up by 4% to CLP372 billion (USD663 million). Entel’s fixed line division ended June with 101,300 active local telephony connections, excluding WiLL lines, up 3% year-on-year, mainly due to an increase in corporate customers. Dial-up internet subscribers fell to 54,200 from 141,000, whilst broadband customers (ADSL and WiLL) increased by 20% to 60,484. The mobile subscriber base reached 3.73 million, up 28%.

Chile, Entel Chile, Entel PCS