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General

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

Monday 25 May 2020 | 13:21 CET | News
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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.

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Categories: General
Companies: ETB
Countries: Colombia
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