WOM reports 13% uptick in annual revenue

30 Mar 2021

Chilean cellco WOM has reported total revenues of CLP587 billion (USD799.4 million) for the year to end-December 2020, an increase of 13% compared to the pervious twelve months. In a statement from the company, WOM claimed to have a subscriber base of nearly seven million subscribers by the end of the year with a market share of 22.6%, which it said was an increase of 3.2% year-on-year. The operator noted that it saw a 40% increase in national data traffic as a result of the pandemic and invested an additional USD80,000 to strengthen its 4G network to address the demand. As a result, by the end of the year, its 4G network comprised a total of 4,952 active sites. The year also saw WOM’s entry into the fixed broadband market through the rollout of fibre-to-the-home (FTTH) services. By the end of Q4 2020 WOM’s FTTH network in the Santiago and Valparaiso regions passed some 500,000 homes and the operator had signed up roughly 30,000 customers.

Regarding the company’s performance and investment programmes, CEO Christopher Laska was quoted as saying: ‘We are very proud of all the work of the different WOM teams, for continuing to provide a quality service to our almost seven million clients, in this difficult context of a pandemic. The upcoming deployments and investment in infrastructure are one more example of our commitment to the country and to our customers, which will allow us to strengthen current networks and bring quality services to more corners of the country. We want to make a real contribution to levelling the digital playing field through increased connectivity and continuing to bridge the digital divide.’

Chile, WOM