Standard & Poor's Rating Services' ratings on Empresa Nacional de Telecomunicaciones S.A. (ENTEL) reflect its good competitive position as a leading, integrated telecommunications provider in Chile, its efficient operations, and its moderate debt levels. These factors are partially offset by historically strong competition in all segments. In addition, ENTEL's cash flow generation is still concentrated in and dependent on the domestic Chilean market; however, it is one of the most stable markets in the region. Finally, the cash needs and financial policy of its parent company, Almendral S.A. (not rated), influence the ratings on ENTEL. ENTEL is a leading telecommunications company in Chile and is one of the two largest mobile providers in the country, with about 41% market share...
Companies mentioned in this report are:
- Empresa Nacional de Telecomunicaciones S.A.
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