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BULLETIN:ENTEL Posts Fourth Quarter Results in Line With Expectations Mar 03
Standard & Poors, March 2003
Abstract
In line with Standard & Poor's Ratings Services expectations, Empresa Nacional de Telecomunicaciones S.A. (ENTEL, BBB/Positive/--), the second-largest telecommunications company in Chile, has recently reported a 12% increase in EBITDA generation for fiscal 2002 and significant improvements in financial coverage measures, which were already incorporated in the recent change of the outlook to positive. The company was able to offset the effects of higher competitive pressures and lower growth rates in the country and to increase revenues and EBITDA generation (by 10% and 12%, respectively in Chilean pesos). This was mainly due to mobile and traffic business revenue growth, and headcount reductions implemented since 2001. In addition, the EBITDA improvement coupled with the effects of lower interest rates in the...
Companies mentioned in this report are: Empresa Nacional de Telecomunicaciones S.A. (ENTEL)
Action: S&P Event
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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