Telefonica Chile posts 17.1% rise in Q1 profit

24 Apr 2009

Chilean fixed line telco Telefonica Chile has posted a net profit of CLP11.6 billion (USD19.8 million) in the first three months of 2009, a 17.1% increase on the same period of 2008. The company reported a 14.4% increase in income from broadband services to CLP30.8 billion, a 23.2% increase in pay TV revenues to CLP11 billion and a 5.6% rise in voice telephony plans to CLP35.1 billion. Broadband accounted for 17% of total income in the quarter, compared to 15% a year prior.

Chile, Movistar Chile (Telefonica Chile)