Telsur posts half-yearly results

18 Aug 2008

Telefonica del Sur (Telsur) has posted net income of CLP2.3 billion (USD4.4 million) for the first half of 2008, down 41.8% year-on-year, reports BNamericas. The company cited increased operating costs associated with new product launches and depreciation in investments as reasons behind the fall. Revenues stood at CLP31 billion, down from CLP31.7 billion, while EBITDA declined 8.3% to CLP13.4 billion. Telsur claimed 291,093 subscribers at 30 June, up 7.5% in twelve months, with much of the growth coming from broadband – up 22.3% to 63,301 – and the launch of VoIP services, which garnered 10,082 customers. Telsur has been deploying fibre-to-the-node (FTTN) in metropolitan areas enabling data transmission speeds to reach 20Mbps and averaging 1.2Mbps-6Mbps. CAPEX for the period jumped from CLP9 billion to CLP14 billion.

Chile, Telefonica del Sur (Telsur)