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General

Claro Chile revenues fall 3% in Q4 on prepay competition

Wednesday 13 February 2019 | 10:43 CET | News
America Movil's Claro Chile unit reported a 3.0 percent year-on-year decline in total revenues to CLP 221.2 billion in the final quarter of 2018, with service revenues also falling 0.7 percent to CLP 190.1 billion due above all to growing competition in the prepay sector. In fact, mobile service revenues fell by 4.4 percent in the quarter, pulled down by plummeting prepay revenues in the holiday season. However, Claro Chile's EBITDA increased, by 9.8 percent year on year, to CLP 38.6 billion, while the company's EBITDA margin came in at 17.4 percent compared to 15.4 percent a year earlier.

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