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BULLETIN: ENTEL's High Second-Quarter Results Won't Affect Rating Aug 06
Standard & Poors, Aug 2006
Abstract
BUENOS AIRES (Standard & Poor's) Aug. 9, 2006-Standard & Poor's Ratings Services said today that Empresa Nacional de Telecomunicaciones S.A.'s (ENTEL; BBB+/Stable/--) recently posted second-quarter results, registering a significant growth in net income (of 57% in the half, compared to first-half 2005), will not affect the ratings on ENTEL. This mainly derives from the growth in EBITDA generation (17% semester over semester) driven by the mobile business improvements (with a 23% increase in its client base between June 2005 and 2006) and the positive result from the sale of its noncore operations in the U.S. and Central America (of $18 million). These improvements were already incorporated in our recent change of the outlook to stable from negative (due to the...
Companies mentioned in this report are: Empresa Nacional de Telecomunicaciones S.A. (ENTEL)
Action: Bulletin
Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.
Research type: News
This product is a is a brief one-page announcement of no more than 500 words with a quote from the analyst. It is media and investor focused with no accompanying commentary article.
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