Entel Group had revenues of USD 9.4 million and 109,000 Pay-TV accesses in Chile and Peru at 1Q 2016

 

Telecommunications company Entel Group from Chile presented its earnings call for the first quarter of 2016 in which it registered Pay-TV revenues in that country and Peru for USD 9.4 million, i.e. 19% more (in local currency) than in the same period of 2015, and an increase of 25% in subscribers by reaching a total of 109,000.

 

In addition, the company announced it would resume the so-called Project Roma, announced in 2011 but suspended until now as a result of the launching of its operations in Peru, which seeks to deploy optic fiber to the home (FTTH) in the urban centers of the two Andean countries.

 

“What comes forward has us very excited, both in Chile and Peru. We have a development strategy with focuses of well-defined growth, such as connectivity services over optic fiber for companies, offerings for homes, both wireless and 4G, as over fiber, and IT services for companies”, stated Entel President, Juan Hurtado Vicuña, in the shareholders’ meeting, quoted by local newspaper Pulso.

 

The company reported revenues of USD 690 million, representing growth of 6% compared to 1Q 2015. It had an EBITDA of USD 163 million (7% annually) and profits of USD 35.5 million (+59% annually).