Peru operations boost Entel Chile sales in Q1

7 May 2014

Entel Chile has reported sales of CLP423.8 billion (USD748 million) in the first quarter to 31 March 2014, up 12% year-on-year thanks in part to the addition of its mobile operations in Peru which it acquired from NII Holdings last year. Net income fell by 9% to CLP33.9 billion as a result of increased financing costs, while EBITDA was down 7% at CLP115.9 billion. Sales from the Peruvian unit Nextel Peru stood at CLP35.7 billion, with subscriber numbers falling by 4.8% to 1.49 million, although Entel did note that there was a net increase in the number of 3G users. In its domestic market mobile subscriber numbers rose 1% from March 2013 to reach 10.2 million. The firm says it plans to invest USD2.8 billion over the next three years to bolster its mobile data operations across Chile and Peru.

Chile, Peru, Entel Chile, Entel Peru