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General

Claro Peru Q3 revenues down 4.4% on rate cuts, competition

Wednesday 17 October 2018 | 11:18 CET | News
Claro Peru's revenues fell 4.4 percent year-on-year to PEN 1.30 billion in the third quarter, attributed above all to a reduction in interconnection rates starting in January, strong competition and changes in its commercial plans. America Movil's Peruvian subsidiary also reported a 6.5 percent year-on-year decline in EBTIDA to PEN 330 million, while the EBITDA margin dipped 0.6 percent to 25.4 percent. Mobile service revenues were down 7.3 percent to PEN 894 million due to the substantial reduction in interconnection charges while fixed line revenues dipped by 0.7 percent year on year to PEN

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