CTC’s nine-month revenues up

31 Oct 2005

Chile’s largest fixed line operator Telefónica CTC Chile increased its revenues for the first nine months of the year by 1.2% to CLP30.6 billion (USD56.35 million), despite turnover from local telephony services falling 4.4% year-on-year. The company attributed the shrinking returns from basic services to recent tariff rebalancing; in February 2005 CTC’s local call charges were reduced by 14.4%. The telco has counteracted this effect by increasing its number of fixed lines in service to 2.47 million at the end of September 2005, a year-on-year rise of 3.2%. At the same date its ADSL client base reached 268,344, up 48.7% on the previous year. CTC’s nine-month profit of CLP21.7 billion (USD40 million) was a fraction of its net income of CLP334 billion twelve months previously, as last year’s figure included CLP316 billion from the sale of mobile unit Movistar to Spanish parent Telefónica Internacional’s sister company Telefónica Móviles.

Chile, Telefonica Moviles Chile (Movistar)