Entel books 98% increase in Q2 income

3 Aug 2021

Chilean telecoms group Entel has reported total revenue of CLP608.5 billion (USD800 million) for the three months to end-June 2021, an increase of 28% year-on-year, which Entel attributed to strong subscriber growth in both Chile and Peru. EBITDA for the period grew by 25% y-o-y to CLP204.3 billion, with an EBITDA margin of 34% – unchanged compared to Q2 2020. Despite increases in financing costs and tax expenses, quarterly net income almost doubled from CLP22.5 billion in Q2 2020 to CLP44.7 billion. Regarding the company’s performance, Entel noted that ‘brand preference, together with solid infrastructure, supported high sales, attracting and retaining value customers’.

In its domestic market, the provider claimed 9.802 million mobile customers, of which 803,000 were mobile broadband users and 5.426 million were post-paid subscribers – up from a total of 8.775 million in June 2020. ARPU for the period was CLP7,472, representing slight improvement on both a quarter-on-quarter and y-o-y basis, but a little below the recent peak of CLP7,483 in Q4 2020. 4G users totalled 6.839 million as at end-June 2021, compared to 5.553 million in mid-2020. Take up of Its home broadband services continued to gather momentum, with increases in fibre-based RGUs outpacing the decline in fixed-wireless RGUs. As such, Entel counted a total of 554,723 ‘Home’ RGUs at end-June 2021, including 211,515 fibre-based and 343, 208 fixed-wireless subscriptions. By contrast a year earlier the company’s Home RGUs totalled 543,596, including 99,895 via fibre and 443,701 via fixed-wireless connections. Its Peruvian unit, meanwhile, reported a total of 9.709 million customers, compared to 8.205 million a year earlier.

Chile, Peru, Entel Chile, Entel Peru