Entel revenues up 16%, net income down 16% in Q3

Tuesday 5 November 2013 | 07:27 CET | News
Chilean operator Entel saw its third quarter revenues grow by 16 percent year-on-year to CLP 408 billion. The growth was mainly driven by solid growth in mobile and data services (including IT) and the consolidation of Nextel Peru, the company said. EBITDA dropped 19 percent to CLP 117 billion, while operating income decreased 2 percent to CLP 60.4 billion. Net income for the quarter plunged 16 percent to CLP 40.5 billion, as a result of lower mobile equipment margin, impacted by the new accounting treatment for handsets, in addition to higher financial expenses associated to higher debt

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Categories: Mobile & Wireless
Companies: Americatel / Entel / Nextel Peru
Countries: Chile / Peru
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