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General

Claro Colombia Q4 revenues up 12% on over 500,000 customer adds

Thursday 13 February 2020 | 08:51 CET | News
Claro Colombia, a subsidiary of America Movil, reported total fourth quarter revenues up 11.9 percent year on year to COP 3.35 trillion on the back of surging customer numbers. Service revenues accelerated by 8.5 percent year-on-year – the best performance since Q2 2018 – to reach COP 2.37 trillion, with equipment revenues growing 25 percent to COP 790 billion. Adjusted EBITDA climbed to COP 1.45 trillion from COP 1.21 trillion a year earlier, with the EBITDA margin rising 2.7 percentage points relative to service revenues to 43.1 percent.

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