0
General

ETB revenues steady at COP 340 bln in Q1, EBITDA slumps 10%

Monday 25 May 2020 | 13:21 CET | News
Colombian operator Empresa de Telecomunicaciones de Bogota (ETB), owned by Bogota city council, reported a 0.3 percent year on year rise in revenues to COP 339.97 billion (around USD 90 million) in the first 3 months of 2020, thanks above all to a 15 percent rise in fibre customers. However, the company posted a net loss of COP 5.94 billion (around USD 1.5 million) in the first quarter compared to a COP 1.19 billion profit a year earlier, while its EBITDA plunged 10.1 percent to COP 111.25 billion, with a 33 percent margin, due in part to early Covid-19 impact.

Thank you for visiting Telecompaper

Sign up below to get access to the rest of this article and all the telecom news you need.

  • Register free and gain access to even more articles from Telecompaper. Register here
  • Subscribe and get unlimited access to Telecompaper’s full coverage, with a customised choice of news, commentary, research and alerts.

Subscriptions

Already registered?



Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Categories: General
Companies: ETB
Countries: Colombia
::: add a comment
This article is part of dossier

Coronavirus


Add comment

We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the Telecompaper website, they in no way represent the opinion of Telecompaper.


Related

ETB, Claro top Colombia fixed internet speed ranking

Published 03 Feb 2020 15:50 CET | Colombia
Empresa de Telecomunicaciones de Bogota (ETB) continued providing the best fixed internet service in Colombia last year, just as ...

ETB wins tender to connect TransMilenio stations

Published 06 Jan 2020 11:08 CET | Colombia
Colombian operator ETB has won a contract to connect all the bus stations in Bogota to its fibre network. The tender was held by ...

ETB's revenues up another 1.3% on rising fibre sales

Published 21 Nov 2019 11:08 CET | Colombia
Colombian operator Empresa de Telecomunicaciones de Bogota (ETB), owned by Bogota city council, reported a 1.3 percent year on ...

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

Published 24 May 2019 13:49 CET | Colombia
Colombian operator Empresa de Telecomunicaciones de Bogota (ETB), owned by Bogota city council, reported a 3.7 percent year on ...

Colombia's ETB revamps mobile offer

Published 12 Apr 2019 12:11 CET | Colombia
Shortly after reporting a return to profit after 4 years, Colombian operator Empresa de Telecomunicaciones de Bogota (ETB) has ...

Colombia's ETB returns to growth after 4 years

Published 28 Mar 2019 10:54 CET | Colombia
Colombian operator Empresa de Telecomunicaciones de Bogota (ETB), reported a net profit of COP 41.7 billion in 2018, overturning ...