IPTV, fibre slow ETB’s decline | IPTV | News | Rapid TV News
By continuing to use this site you consent to the use of cookies on your device as described in our privacy policy unless you have disabled them. You can change your cookie settings at any time but parts of our site will not function correctly without them. [Close]
Bogota-based telco ETB seems to have halted the progression of its losses somewhat, mostly thanks to its growing fibre and pay-TV businesses.

etb bogota 1 may 2017While its privatisation process is still suspended, the telco, which is owned by Bogota City Council, is attempting to remove itself from the loss-making situation in which it has been stuck over the last decade.

According to the company’s 2017 financial report, the year ended with total losses over $43 million, half the losses reported in 2016.

EBITDA grew by 25% year-on-year to near $190 million mostly thanks to a 10% year-on-year reduction in operation costs, and a 23% growth in income.

Most of the revenue growth was driven by IPTV and fibre-to-the-home, with ETB having 290,000 FTTH broadband customers (up 44%) and nearly 130,000 pay-TV homes (up 8%) by the end of December 2017.

“Through the austerity policies implemented over the last two years, we have reduced operative costs and investments by 634 billion of pesos [$225 million], strengthening ETB’s sustainability,” said Jorge Castellanos Rueda, president ETB. “The company is solid and it’s ready to carry commercial expansion and diversification projects.”