Antel annual net profit down 18%

3 May 2007

BNamericas reports that the Uruguayan state-run incumbent Antel posted a net profit of USD91 million for 2006, down 18% compared to USD108 million in 2005, quoting Uruguayan daily El País. Revenues for the year were USD562 million, up 3% compared to 2005. Cellular revenue grew 50% to USD144 million, while revenues for fixed line services totalled USD356 million in 2006, down 2% compared to the previous year. Public telephony revenues fell 8%, while turnover from data services grew 23% in 2006, bringing in USD63.8 million. Antel plans to invest USD90 million in 2007, up 29% compared to the USD70 million it spent in 2006. The investment will mainly go on expanding broadband infrastructure, offering new fixed line services and improving mobile coverage with the deployment of additional base transmitter stations. The company’s mobile arm Ancel ended 2006 with 980,000 subscribers, and is expecting to end 2007 with 1.25 million, a more modest 25% increase in numbers compared to growth of 73% during 2006. According to TeleGeography’s GlobalComms database, Ancel was the top-placed of the three Uruguayan cellcos at the end of 2006, with a 44.85% market share.

Uruguay, Ancel, Antel, AntelData