Claro Chile's revenues fall by 3% in Q4 compared to pre-payment competition

The Claro Chile unit of America Movil recorded a 3.0% drop in its total business turnover, which amounted to 221.2 billion CLP last quarter. 2018, with service revenues also falling 0.7% to CLP 190.1 billion, mainly due to increasing competition in the prepaid sector. In fact, mobile revenues fell 4.4% in the quarter, driven by a drop in prepaid revenue during the holiday season. However, Claro Chile's EBITDA rose 9.8% to CLP 38.6 billion, while the company's EBITDA margin was 17.4%, compared to 15.4% for the first quarter. year ago.

The operator's mobile subscriber base decreased 4.0% year-over-year to reach 6.7 million at the end of the year after disconnecting 165,000 prepaid lines during the year. quarter. The total number of postpaid customers grew by 9.6% year-on-year to 2.08 million, while the number of prepaid subscribers decreased by 9.1% to 4.6 million. Claro Chile also closed the quarter with 1.4 million fixed-line service units, up 5.2% year-on-year thanks to an 8.0% increase in broadband access.