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General

Claro Ecuador revenues down 6% in Q1 on Covid-19 impact

Wednesday 29 April 2020 | 12:00 CET | News
Claro Ecuador (America Movil) reported revenues of USD 307 million in the first quarter of 2020, down 5.9 percent year on year following recent quarterly rises and attributed to the impact on mobile subscriptions of the country's coronavirus (Covid-19) lockdown and an ongoing economic downturn. Mobile service revenues were down 5.5 percent year on year to USD 237 million, with prepaid revenues falling almost twice as rapidly. Claro Ecuador's first-quarter EBITDA also fell, by 6.4 percent year on year, to USD 129 million, with the margin steady at 42.1 percent of revenues.

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