Chilean telecoms group Entel has reported a 9.9% year-on-year increase in total revenue for the three months ended 31 December 2015, driven by strong subscriber growth in its Peruvian division. The group recorded turnover of CLP474.1 billion (USD664.01 million) in Q4 2015, up from CLP431.3 billion twelve months earlier and CLP448.7 billion in Q3 2015, attributing the expansion to subscriber take-up in Peru, where the cellco reported growth of 80.0% y-o-y and 23.0% quarter-on-quarter. EBITDA improved from CLP59.1 billion to CLP79.3 billion y-o-y, whilst operating income grew to CLP5.9 billion from an operating loss of CLP6.1 billion twelve months earlier. Despite these improvements, lower tax credits and higher financing costs – which rose 27.3% to CLP28.9 billion – saw the group book a net loss of CLP11.9 billion for the period, widened from a net loss of CLP7.8 billion in Q4 2014.
In Chile, Entel claimed 9.771 million mobile subscribers, down from 10.102 million in Q4 2014, although ARPU was up at CLP8,745 compared to CLP8,725. Its multi-play customer base continued to grow, however, with Entel reporting 372,000 ‘Entel Home’ revenue generating units (RGUs) as at end-December 2015, compared to 345,000 in September and 276,000 in December 2014. In Peru, meanwhile, Entel’s mobile customer base reached 3.129 million, up from 2.543 million three months earlier and 1.480 million at end-2014. An increase in the cellco’s pre-paid user base drove down ARPU, which fell 15.9% y-o-y to USD9.5.