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General

Claro Caribbean sales fall 4.1% to USD 468 mln in Q4

Wednesday 10 February 2016 | 12:19 CET | News
America Movil's Caribbean units reported fourth-quarter revenues of USD 468 million, down 4.1 percent year-on-year, with a 5.6 percent fall in service revenues partly offset by a 35.6 percent increase in equipment sales. In its statement, the company said its regional result was affected by a 6.8 percent decline in Claro Puerto Rico's revenues, due to the tough macroeconomic conditions on the island and a highly competitive environment. Overall mobile service revenues were down 9.4 percent to USD 252 million, with voice revenues falling 19.3 percent and data revenues rising 8.1 percent.

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Categories: General
Companies: America Movil / Claro
Countries: Caribbean
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