According to reported by Diario Financiero, Entel reversed losses of 2015 and 2016, it managed to finish in blue numbers.
In 2015, Entel reported losses by CLP $1101 million, now ka company of the iconic Tower in the center of the capital Chilean recorded profits by CLP $34158 million, although in great part are should to their business in the country of the North, Peru.
In that country the company revenue rose by 46%. Agreement to the company responsible for this was due to “increase revenues” for voice and data services in conjunction with revenue from the sale of equipment.
In regards to Chile, reported CLP $1082 million in mobile telephony, showing a decline of 6% compared to the same previous period.
We can conclude from the above that the move of Entel to expand outside Chilean territory was a master move, which does not currently have them reporting annual losses. More, the company is aware that:
The growth experienced by the Group’s earnings, are mainly for the mobile services of Peru, which showed a 46% increase in revenues compared to same period of the previous year.
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