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General

Claro Ecuador revenues down 9% in Q1 on rate cuts

Wednesday 26 April 2017 | 10:57 CET | News
America Movil's Claro Ecuador unit reported revenues of USD 334 million in the first quarter, down 8.7 percent compared to the year-earlier result of USD 365 million, attributed to a 75 percent reduction in the mobile termination rate in the previous quarter and a tax on telecom services and handsets introduced midway through 2016. Competition was also a factor, with prices down by 36 percent on average, said Claro. The operator's mobile revenues fell 9.5 percent year-on-year to USD 314 million, partly offset by a 5.9 percent rise in device revenues to USD 48 million.

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