Entel Q4 revenue dips by 1%

1 Feb 2019

Chile’s Entel group booked consolidated total revenue of CLP507.4 billion (USD767.6 million) in the three months to 31 December 2018 (a fall of 1% year-on-year), and CLP1.92 trillion for the full year, down from CLP1.96 trillion in 2017. Quarterly EBITDA grew by 8% y-o-y to CLP128.2 billion but, despite a decrease in financing costs, the gains were wiped out by tax expenses of CLP15.8 billion, leading to a 63% y-o-y fall in net income to CLP5.3 billion. On annual basis, meanwhile, the group reported a 2% reduction in EBITDA to CLP426.9 billion whilst net income swung from to a loss of CLP23.6 billion from profit of CLP43.4 billion in 2017; the bulk of the difference was attributable to an increase in corporate taxes in Chile, which the operator said resulted from exchange rate movements affecting taxable investments in foreign subsidiaries.

Entel’s domestic unit counted a total of 9.261 million mobile subscribers, up from 9.080 million at end-September 2018 and 8.997 million in December 2017. Of that total, 4.661 million were 4G users, up from 4.411 million quarter-on-quarter and 3.133 million year-on-year. The operator counted 452,504 RGUs in its ‘Home’ division, up from 451,802 in the preceding quarter. Its Peruvian subsidiary, meanwhile, reported a total 8.007 million subscribers – including 7.815 million mobile users and 193,000 fixed-wireless subscriptions – up from 6.681 million a year earlier (6.543 million wireless; 138,000 fixed-wireless).

Chile, Peru, Americatel Peru (Entel Empresas), Entel Chile, Entel Peru