Peruvian unit continues to drive revenue growth at Entel

7 Nov 2017

Entel Chile has reported a 3% year-on-year increase in revenue for the three months ended 30 September 2017, to CLP483 billion (USD761.9 million), as continuing growth at the group’s Peruvian wireless subsidiary offset the trend of declining turnover in its domestic market. EBITDA for the quarter reached CLP112 billion – up 6% from CLP106 billion in Q3 2016 – whilst net income rose by 87% y-o-y to CLP18 billion, with Entel attributing the sharp increase to improved operational results and lower net financial costs.

Entel’s Chilean division registered a 4% dip in turnover to CLP369 billion on the back of an 8% y-o-y fall in wireless subscriptions to 8.775 million. The cellco’s pre-paid segment bore the brunt of the shrinkage, dropping from 5.701 million in Q3 2016 to 4.904 million. Entel did, however, record increases in ARPU, which grew to CLP8,812 from CLP8,388 a year earlier, as well as voice usage (reaching an average of 227 minutes per user per month compared to 209 minutes twelve months previously) and post-paid data consumption, the last of which more than doubled from 1.62GB per user per month to 3.36GB.

In Peru, meanwhile, the cellco counted a total of 6.194 million mobile subscribers (up from 4.508 million in Q3 2016), although competition has continued to push the cellco’s ARPU down to USD8.0 per month from USD8.9 a year ago.

Chile, Entel Chile, Entel Peru