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General

Claro Peru Q4 revenues down 3% on rate cuts, EBITDA rises 11%

Wednesday 13 February 2019 | 10:29 CET | News
Claro Peru's revenues fell 2.8 percent year-on-year to PEN 1.35 billion in the fourth quarter, similar to recent sequential declines, due above all to interconnection rate cuts and increasing competition. Mobile service revenues were down 8.6 percent to PEN 877 million due to the 62 percent reduction in interconnection charges while fixed line revenues dipped by 0.8 percent year on year to PEN 210 million. America Movil's Peruvian subsidiary also reported a 10.6 percent year-on-year improvement in EBTIDA to PEN 339 million due to a substantial decline in subsidies while the EBITDA margin rose

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