Entel profit surges to CLP10bn

7 May 2019

Chilean telecoms group Entel registered consolidated total revenue of CLP474.8 billion (USD699 million) for the first three months of 2019, an increase of 2% year-on-year. EBITDA for the period was up 39% from CLP99.3 billion to CLP137.8 billion, although the operator noted that this was in part due to a change in accounting standards. Excluding these EBITDA rose by 19% y-o-y to CLP118.1 billion the telco explained, attributing the expansion to revenue growth from mobile services in Peru (up 16% y-o-y) and fixed services in Chile (6%). The higher operating revenue combined with lower financial expenses saw net profit reach CLP10.1 billion in Q1 2019 compared to CLP23 million a year earlier. Entel added first quarter results reflected the impact of reductions in mobile termination rates (MTRs) in Chile and Peru of 80% and 56%, respectively.

In terms of subscribers, the group counted a total of 9.36 million mobile subscribers in Chile at end-March 2019 including 4.86 million 4G subscribers, up from 9.27 million and 3.76 million a year earlier. Fixed RGUs, meanwhile, totalled 472,003, up from 452,667. Its Peruvian division saw mobile subscriptions reach 7.97 million from 6.86 million in Q1 2018.

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