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General

Colombia's ETB posts 3.7% rise in Q1 revenues on fibre boost

Friday 24 May 2019 | 13:49 CET | News
Colombian operator Empresa de Telecomunicaciones de Bogota (ETB), owned by Bogota city council, reported a 3.7 percent year on year rise in operational revenues to COP 353.6 billion in the first 3 months of 2019, attributed to a surge in fibre customers, offsetting declining a mobile base. The company's net profit improved to COP 1.2 billion in the first quarter of 2019, overturning a COP 64.5 billion loss a year earlier due in part to greater efficiencies. The company's EBITDA rose to COP 137.9 billion, up 14.4 percent year on year, with a 39 percent margin.

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Categories: General
Companies: ETB
Countries: Colombia
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