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General

Claro Ecuador revenues plummet 28% in Q2, loses nearly 600,000 mobile subs

Wednesday 15 July 2020 | 11:23 CET | News
Claro Ecuador (America Movil) reported revenues of USD 242 million in the second quarter of 2020, down 27.5 percent year on year due to the heavy impact of the country's drastic Covid-19 lockdown measures, coupled with an ongoing economic downturn. Mobile service revenues fell 18.9 percent year on year to USD 208 million, partly offset by a 16.4 percent rise in fixed line service revenues, although handset sales plunged 84.6 percent to just USD 7 million. Claro Ecuador's second-quarter EBITDA likewise fell, by 16.9 percent year on year, to USD 121 million, with the margin rising over 6

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