Entel net profit rises 2%

26 Jan 2010

Chilean mobile operator Entel has posted a 2% rise in net profit in 2009 to CLP142.26 billion (USD280 million) compared to CLP139 billion a year earlier. According to the company it was able to end the year in the black despite a 45% drop in mobile interconnection charges which came into being at the beginning of 2009, and the global economic crisis. Entel’s CFO Felipe Ureta underscored the importance in growth in mobile broadband subscribers and value added services, bundled services of fixed line voice, data and internet. The latter was responsible for boosting EBITDA to CLP401 billion from CLP399 billion in 2008. EBITDA for fixed line services rose 33% during the year. Revenues for the twelve months ended 31 December 2009 fell by 1% to CLP994.67 billion, with its local and long-distance telephony arms both reporting annual revenue declines of 9%.

Entel’s mobile operation Entel PCS saw its client base rise 8% year-on-year to 6.46 million, representing a 39% market share. Post-paid clients increased by 13% to total represent 31% of the client base. Mobile broadband clients rose 96% to 248,097.

Chile, Entel Chile