The mobile business in Chile and the consolidation of the operation in Peru are the priorities of the investment plan announced this morning by Entel for 2019.
According to the company’s president, Juan Hurtado Vicuña, “in 2019 Entel will invest around US$ 600 million, of which US$ 430 million will be allocated to the operation in Chile and US$ 170 million to Peru”.
According to Hurtado Vicuña, “US$ 210 million will be allocated to the mobile business in Chile, where we will increase the capacity and coverage of our 4G network, to keep pace with the large growth in the volume of data consumed by our customers” Of the investment in Peru, US$ 140 million will be used to increase 4G coverage and data capacity.
As for the Home business, the investment in 2019 will be US$ 90 million in Chile and US$ 30 million in Peru, for the development of High Speed Fixed Wireless Internet and Fiber Optic projects. In fact, at the end of 2018, the network for high-speed fixed wireless broadband services reached a coverage of around 900 thousand homes in Chile and more than 1 million in Lima.
On the other hand, US$ 130 million will be allocated in Chile for connectivity businesses for companies, customer projects and digital businesses (IT, Fiber Optics and Data Centers)..
The above figures include the investment in the digital transformation project, which will continue to advance and deepen transversally in the company, with an investment of US$ 90 million for the year for both countries.
“We have a very clear business strategy. Added to this is the digital transformation we are implementing in the company, which is allowing us to be much more agile. It is thanks to this that we remain in a very good position in the mobile industry and we lead those segments that are of greater value, such as subscription in Chile. Our results in the fourth quarter of 2018 reaffirm this good performance” said Juan Hurtado Vicuña.
Project in Peru
Regarding the operation in Peru, the company’s CEO, Antonio Büchi, assured that as of March this year they already have more than eight million mobile customers, and that the significant growth of 20% in the customer base in 2018 allowed Entel Peru to continue driving the company’s results and continue to make sustainable progress in its objective of consolidating itself as a relevant player in that market.
“The project in Peru is long-term and we are satisfied with the results to date. The consistency of the strategy we have deployed has allowed us to successfully face a scenario of growing competition and consolidate a strong brand preference and high levels of customer satisfaction” said Büchi.
According to the executive, since they entered this market their mobile network has grown significantly and they are a leading operator in 4G service coverage. The truth is that in just over four years, since the brand was launched at the end of 2014, Entel climbed to a market revenue share of 22%, and they expect to reach 30% or more. Also, in the fourth quarter of 2018, they achieved EBITDA breakeven on a pro forma basis-excluding the effect of the IFRS 15 accounting standard-pushed by a larger scale in the customer base, lower customer acquisition costs and to the implemented efficiency plans.
“Peru continues to be the market where we see the greatest potential for growth, with a telecommunications industry that offers us attractive opportunities, such as the postpaid personal world, as well as the prepaid world and the micro and small companies that are emerging in the country” he said.
In addition, in order to improve the potential of fixed wireless broadband services in this market, they are implementing services in the 2.3 GHz band, which will allow expanding the commercial offer to the Home segment, with telephony and wireless broadband services.
Operation in Chile
Juan Hurtado Vicuña emphasized that, in 2018, and despite the highly competitive environment, “we maintained our leadership in the local mobile market in Chile, with a total of 9.3 million customers, achieving 2.9% growth. This increase was essentially in post-paid customers, where we grew by half a million subscribers and were leaders in subscriber portability" he explained.
Antonio Büchi added that “this is accompanied by high customer satisfaction and brand preference. In fact, we led in the 3G+4G customer segment, increasing our share to 33.2%, and we also led in the 4G customer segment, where we increased our share to 32.3%”.
According to Antonio Büchi, technological changes have allowed them to substantially deepen their data offer. As a result, customers have access to more services for the same price and maintain a high rate of satisfaction, relevant aspects in an industry as competitive and challenging as the mobile one
In the Home segment, revenues increased by 4.2%, associated with fixed wireless broadband and television services.
For this year, the strategic focuses will continue to be: boosting the supply of fixed services to the home, either with a high-speed wireless offer with Massive Mimo technology or over fiber optics, and in the future over 5G; fixed services to businesses; and IT services and digital services for businesses and corporations. Meanwhile, in the rest of the businesses, in which Entel faces more mature industries such as mobile, the strategy aims to sustain its leadership.
25 Abr, 2019
The mobile business in Chile and the consolidation of the operation in Peru are the priorities of the investment plan announced this morning by Entel for 2019.
According to the company’s president, Juan Hurtado Vicuña, “in 2019 Entel will invest around US$ 600 million, of which US$ 430 million will be allocated to the operation in Chile and US$ 170 million to Peru”.
According to Hurtado Vicuña, “US$ 210 million will be allocated to the mobile business in Chile, where we will increase the capacity and coverage of our 4G network, to keep pace with the large growth in the volume of data consumed by our customers” Of the investment in Peru, US$ 140 million will be used to increase 4G coverage and data capacity.
As for the Home business, the investment in 2019 will be US$ 90 million in Chile and US$ 30 million in Peru, for the development of High Speed Fixed Wireless Internet and Fiber Optic projects. In fact, at the end of 2018, the network for high-speed fixed wireless broadband services reached a coverage of around 900 thousand homes in Chile and more than 1 million in Lima.
On the other hand, US$ 130 million will be allocated in Chile for connectivity businesses for companies, customer projects and digital businesses (IT, Fiber Optics and Data Centers)..
The above figures include the investment in the digital transformation project, which will continue to advance and deepen transversally in the company, with an investment of US$ 90 million for the year for both countries.
“We have a very clear business strategy. Added to this is the digital transformation we are implementing in the company, which is allowing us to be much more agile. It is thanks to this that we remain in a very good position in the mobile industry and we lead those segments that are of greater value, such as subscription in Chile. Our results in the fourth quarter of 2018 reaffirm this good performance” said Juan Hurtado Vicuña.
Project in Peru
Regarding the operation in Peru, the company’s CEO, Antonio Büchi, assured that as of March this year they already have more than eight million mobile customers, and that the significant growth of 20% in the customer base in 2018 allowed Entel Peru to continue driving the company’s results and continue to make sustainable progress in its objective of consolidating itself as a relevant player in that market.
“The project in Peru is long-term and we are satisfied with the results to date. The consistency of the strategy we have deployed has allowed us to successfully face a scenario of growing competition and consolidate a strong brand preference and high levels of customer satisfaction” said Büchi.
According to the executive, since they entered this market their mobile network has grown significantly and they are a leading operator in 4G service coverage. The truth is that in just over four years, since the brand was launched at the end of 2014, Entel climbed to a market revenue share of 22%, and they expect to reach 30% or more. Also, in the fourth quarter of 2018, they achieved EBITDA breakeven on a pro forma basis-excluding the effect of the IFRS 15 accounting standard-pushed by a larger scale in the customer base, lower customer acquisition costs and to the implemented efficiency plans.
“Peru continues to be the market where we see the greatest potential for growth, with a telecommunications industry that offers us attractive opportunities, such as the postpaid personal world, as well as the prepaid world and the micro and small companies that are emerging in the country” he said.
In addition, in order to improve the potential of fixed wireless broadband services in this market, they are implementing services in the 2.3 GHz band, which will allow expanding the commercial offer to the Home segment, with telephony and wireless broadband services.
Operation in Chile
Juan Hurtado Vicuña emphasized that, in 2018, and despite the highly competitive environment, “we maintained our leadership in the local mobile market in Chile, with a total of 9.3 million customers, achieving 2.9% growth. This increase was essentially in post-paid customers, where we grew by half a million subscribers and were leaders in subscriber portability" he explained.
Antonio Büchi added that “this is accompanied by high customer satisfaction and brand preference. In fact, we led in the 3G+4G customer segment, increasing our share to 33.2%, and we also led in the 4G customer segment, where we increased our share to 32.3%”.
According to Antonio Büchi, technological changes have allowed them to substantially deepen their data offer. As a result, customers have access to more services for the same price and maintain a high rate of satisfaction, relevant aspects in an industry as competitive and challenging as the mobile one
In the Home segment, revenues increased by 4.2%, associated with fixed wireless broadband and television services.
For this year, the strategic focuses will continue to be: boosting the supply of fixed services to the home, either with a high-speed wireless offer with Massive Mimo technology or over fiber optics, and in the future over 5G; fixed services to businesses; and IT services and digital services for businesses and corporations. Meanwhile, in the rest of the businesses, in which Entel faces more mature industries such as mobile, the strategy aims to sustain its leadership.
The mobile business in Chile and the consolidation of the operation in Peru are the priorities of the investment plan announced this morning by Entel for 2019.
According to the company’s president, Juan Hurtado Vicuña, “in 2019 Entel will invest around US$ 600 million, of which US$ 430 million will be allocated to the operation in Chile and US$ 170 million to Peru”.
According to Hurtado Vicuña, “US$ 210 million will be allocated to the mobile business in Chile, where we will increase the capacity and coverage of our 4G network, to keep pace with the large growth in the volume of data consumed by our customers” Of the investment in Peru, US$ 140 million will be used to increase 4G coverage and data capacity.
As for the Home business, the investment in 2019 will be US$ 90 million in Chile and US$ 30 million in Peru, for the development of High Speed Fixed Wireless Internet and Fiber Optic projects. In fact, at the end of 2018, the network for high-speed fixed wireless broadband services reached a coverage of around 900 thousand homes in Chile and more than 1 million in Lima.
On the other hand, US$ 130 million will be allocated in Chile for connectivity businesses for companies, customer projects and digital businesses (IT, Fiber Optics and Data Centers)..
The above figures include the investment in the digital transformation project, which will continue to advance and deepen transversally in the company, with an investment of US$ 90 million for the year for both countries.
“We have a very clear business strategy. Added to this is the digital transformation we are implementing in the company, which is allowing us to be much more agile. It is thanks to this that we remain in a very good position in the mobile industry and we lead those segments that are of greater value, such as subscription in Chile. Our results in the fourth quarter of 2018 reaffirm this good performance” said Juan Hurtado Vicuña.
Project in Peru
Regarding the operation in Peru, the company’s CEO, Antonio Büchi, assured that as of March this year they already have more than eight million mobile customers, and that the significant growth of 20% in the customer base in 2018 allowed Entel Peru to continue driving the company’s results and continue to make sustainable progress in its objective of consolidating itself as a relevant player in that market.
“The project in Peru is long-term and we are satisfied with the results to date. The consistency of the strategy we have deployed has allowed us to successfully face a scenario of growing competition and consolidate a strong brand preference and high levels of customer satisfaction” said Büchi.
According to the executive, since they entered this market their mobile network has grown significantly and they are a leading operator in 4G service coverage. The truth is that in just over four years, since the brand was launched at the end of 2014, Entel climbed to a market revenue share of 22%, and they expect to reach 30% or more. Also, in the fourth quarter of 2018, they achieved EBITDA breakeven on a pro forma basis-excluding the effect of the IFRS 15 accounting standard-pushed by a larger scale in the customer base, lower customer acquisition costs and to the implemented efficiency plans.
“Peru continues to be the market where we see the greatest potential for growth, with a telecommunications industry that offers us attractive opportunities, such as the postpaid personal world, as well as the prepaid world and the micro and small companies that are emerging in the country” he said.
In addition, in order to improve the potential of fixed wireless broadband services in this market, they are implementing services in the 2.3 GHz band, which will allow expanding the commercial offer to the Home segment, with telephony and wireless broadband services.
Operation in Chile
Juan Hurtado Vicuña emphasized that, in 2018, and despite the highly competitive environment, “we maintained our leadership in the local mobile market in Chile, with a total of 9.3 million customers, achieving 2.9% growth. This increase was essentially in post-paid customers, where we grew by half a million subscribers and were leaders in subscriber portability" he explained.
Antonio Büchi added that “this is accompanied by high customer satisfaction and brand preference. In fact, we led in the 3G+4G customer segment, increasing our share to 33.2%, and we also led in the 4G customer segment, where we increased our share to 32.3%”.
According to Antonio Büchi, technological changes have allowed them to substantially deepen their data offer. As a result, customers have access to more services for the same price and maintain a high rate of satisfaction, relevant aspects in an industry as competitive and challenging as the mobile one
In the Home segment, revenues increased by 4.2%, associated with fixed wireless broadband and television services.
For this year, the strategic focuses will continue to be: boosting the supply of fixed services to the home, either with a high-speed wireless offer with Massive Mimo technology or over fiber optics, and in the future over 5G; fixed services to businesses; and IT services and digital services for businesses and corporations. Meanwhile, in the rest of the businesses, in which Entel faces more mature industries such as mobile, the strategy aims to sustain its leadership.