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General

Claro Chile revenues plunge 14% in Q2, disconnects 174,000 mobile subs

Wednesday 15 July 2020 | 11:07 CET | News
America Movil's Claro Chile unit reported a 14.1 percent year-on-year fall in total revenues to CLP 182.3 billion in the second quarter of 2020, with all segments heavily impacted by the Covid-19 crisis. Equipment revenues plunged 42.7 percent and service revenues declined by 7.0 percent year on year, above all due to a 31.8 percent fall in the prepaid segment. Second-quarter EBITDA was 6.1 percent lower than a year earlier at CLP 39.2 billion, although the margin increased by 1.8 percentage points to 21.5 percent thanks to major cost adjustments.

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