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General

Columbia's ETB posts FY sales down 10%, triples fibre subs

Monday 29 March 2021 | 15:25 CET | News
Colombian operator Empresa de Telecomunicaciones de Bogota (ETB) reported a 9.6 percent year on year decline in revenues to COP 1.38 trillion (around USD 375 million) in 2020 as a whole, attributed to Covid-19 impact on services especially in the Smart Companies and Cities segment, which fell 14 percent. Full-year EBITDA was down 16.6 percent to COP 444 billion, with a margin of 32.2 percent compared to 33.3 percent a year earlier. ETB's net loss came in at COP 38.34 billion compared to a COP 78.98 billion profit in 2019.

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Categories: General
Companies: ETB
Countries: Colombia
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