Entel posts ‘better than expected’ 1H results

9 Aug 2006

Chile’s second largest telephone company Entel has reported a 57% increase in first half net income to CLP57.213 billion (USD106.1 million). Revenue for the period rose 5.4% to CLP406.49 billion, compared to the same period of 2005. Company results were boosted by strong growth from its wireless businesses, which increased its customer base by 23% to top 4.5 million by the end of June 2006, giving it a 41% market share. Local telephony lines in service grew by 6% to 107,0000, of which corporate and SME customers accounted for 87%. DLD traffic fell by 10%, a result of the migratory effect towards wireless and internet-based services, while ILD minutes plummeted by 18%, lowering Entel’s market shares to 35% and 40% respectively.

Chile, Entel Chile