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General

Claro Peru Q2 revenues hit by rate cut; EBITDA down 15.4% amid strong competition

Wednesday 18 July 2018 | 12:10 CET | News
Claro's wireless revenues fell 6.5 percent to PEN 1.06 billion in the three months to June, as an 8.3 percent slide in service revenues offset growth of 5.2 percent in income from equipment. Interconnection revenues fell 44 percent as a result of the rate cut but even excluding this event mobile service revenues would have fallen 3.0 percent amid the intense competition on the market and the impact of unlimited voice and social-network offers included in most of the company's wireless products.

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Categories: General
Companies: Claro / Claro Peru
Countries: Peru
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