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General

Claro Brasil Q4 net revenue drops 5.9% to BRL 8 billion

Friday 3 February 2017 | 09:42 CET | News
America Movil's Brazilian unit, which groups the operators Claro, Net and Embratel, ended the fourth quarter of 2016 with net revenues of BRL 8.02 billion, down 5.9 percent on the same period in 2015. EBITDA fell a slower 4.1 percent to BRL 2.29 billion, and the EBITDA margin grew by 0.6 percent to 28.6 percent. The net loss more than doubled to BRL 714.3 million. Net revenues were impacted by the reduction of interconnection rates by regulator Anatel. In the mobile segment, postpaid customers grew by 10 percent year-on-year, but Claro's total base was still down 8.8 percent to 60.17 million,

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Categories: General
Companies: America Movil / Claro / Embratel
Countries: Brazil
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