Entel books dip in annual profit alongside increases in revenues, subscriptions

27 Jan 2022

Chilean full-service provider Entel has booked total revenues of CLP2.46 trillion (USD3.07 billion) for the year to end-December 2021, an increase of 14.6% year-on-year. Annual EBITDA grew by 12.9% to CLP772.5 billion but substantial increases in tax and financing expenses led to a dip in net profit for the year to CLP75.0 billion (down 11.2%). CAPEX for 2021 was up by 20.4% compared to 2020, to CLP445.5 billion, driven primarily by the development of 5G, 4G and ‘Entel Hogar’ services in Chile.

Entel attributed the improvements to customer additions in both Chile and Peru, including an uptick in post-paid mobile accounts in Chile and Peru and take up of fibre-to-the-home (FTTH)-based RGUs in Chile. The operator claimed a total of 10.166 million mobile subscriptions in its domestic market as at 31 December 2021 compared to 9.300 million a year earlier, 7.237 million of which were 4G accounts (6.400 million in Q4 2020). Fixed RGUs totalled 539,086 at end-December 2021, down from 540,569 in the same period of 2020, but the number of fixed wireless-based RGUs fell from 392,274 to 279,406 over the same period. Entel’s Peruvian unit counted 10.029 million mobile subscriptions in Q4 2021, up from 9.064 million a year earlier. Of that total, 4.403 million were post-paid lines, compared to 3.713 million in December 2020.

Chile, Peru, Entel Chile, Entel Peru