Growth in mobile Data and Cable

CEO Mauricio Ramos: “In 2016 we made substantial progress towards our strategic goal of a two-fold reconfiguration of our business, rapidly growing our mobile data and cable revenue in Latin America, and pushing ahead with major initiatives to enhance our operational efficiency.

Looking ahead to 2017, we aim to accelerate further the implementation of our strategy in Latin America, targeting to roll out state-of-the-art fibre to more than 1 million additional homes in the year, and to add more than 3 million new 4G mobile data customers.

In the final quarter of the year mobile data and cable in Latin America together contributed 50% of total group revenue, compared to 45% in the same period the year before, as we reach a pivotal point in our revenue mix. Cable revenue growth was driven by the addition in the year of 777,000 new fibre homes passed, taking our total cable footprint to over 8.1 million homes, ahead of the target of 8 million we had set at the start of the year. Cont... (See Earnings Release)