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- For the third consecutive quarter, the company reported positive results in revenues, customer base and EBITDA, in a complex financial scenario worldwide.
- The company’s main challenge will be to maintain its response capacity and market competitiveness
Santiago. November 30, 2023 – WOM Chile, the second mobile operator in the industry with a 25.6% market share, continues to grow steadily. This is confirmed by its latest financial results for the third quarter of 2023, where the company reported a 7.5% growth in its customer base compared to the same period of the previous year, exceeding 8 million customers.
It also reported a 6.1% growth in revenues versus the same period of the previous year, reaching Ch$173,492 million (equivalent to US$194 million), which boosted its profitability with an adjusted EBITDA of Ch$64,744 million (equivalent to US$72 million), an increase of 18.7% year-on-year.
It is worth highlighting its 7.7% increase in service revenues, driven by a larger postpaid subscriber base and ARPU.
“Chile continues to be a highly competitive country in the telecommunications industry. In less than a decade, we have shown that we can compete at the highest level and, therefore, we will continue working to be the No. 1 telco in Chile and the best company in the country” said Chris Bannister CEO of WOM Chile.
According to the report, the largest increase in mobile customers was recorded in the prepaid segment, with 10.3%, while postpaid users increased by 4.0% during the third quarter of this year compared to the same period last year. Likewise, the fiber home service continues to grow with 29.4% of new subscribers, reaching 1.3 million customers and completing its deployment target for the year.
