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

Thursday 21 November 2019 | 11:08 CET | News
Colombian operator Empresa de Telecomunicaciones de Bogota (ETB), owned by Bogota city council, reported a 1.3 percent year on year rise in revenues to COP 1.11 trillion (around USD 320 million) in the first 9 months of 2019, thanks above all to its ongoing austerity plan and rising fibre customers. The company's net profit surged to COP 119.7 billion (around USD 35 million) compared to COP 43.6 billion a year earlier due in part to greater efficiencies. The company's EBITDA rose to COP 407.2 billion, up 3.2 percent year on year, with a 37 percent margin.

Thank you for visiting Telecompaper

We hope you've enjoyed your free articles. 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.


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

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.


Claro tops Netflix's Colombian ISP speed ranking

Published 06 Aug 2019 12:33 CET | Colombia
America Movil's Claro Colombia subsidiary delivered the country's fastest average residential broadband connection to Netflix in ...

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 ...

ETB leads Colombia fixed network ranking in 2018

Published 05 Mar 2019 13:44 CET | Colombia
Local operator Empresa de Telecomunicaciones de Bogota (ETB) provided the best fixed internet service in Colombia last year, ...

Bogota council ditches plans to sell ETB stake

Published 21 Feb 2019 14:16 CET | Colombia
Bogota city council has decided to no longer pursue plans to sell its stake in local operator Empresa de Telecomunicaciones de ...