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General

Claro Chile Q3 revenues down 3% to CLP 206 bln on prepaid decline

Wednesday 16 October 2019 | 11:00 CET | News
America Movil's Claro Chile unit reported a 3.0 percent year-on-year fall in total revenues to CLP 206.2 billion in the third quarter of 2019 due above all to a 40 percent slump in prepaid revenues that the company attributed to disruptive competition and an 80 percent reduction in interconnection rates. Service revenues were down 5.0 percent to CLP 170.9 billion, partly offset by a 0.5 percent rise in fixed line revenues to CLP 82.0 billion. Claro Chile's EBITDA was up to CLP 47.0 billion under IRFS16, while the company's EBITDA margin came in at 22.8 percent of revenues compared to 18.8

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