Telcom de Chile (CTC)

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Company Information:

Company Address:

Avenida Providencia No. 111

Piso 2 Edif. Gemelo

Santiago,  

Company’s Web Address: http://www.telefonicachile.cl/

Industry Sector:

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Shares Outstanding: 218,500,000
Market Capitalization: Updating...

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Link to SEC filings search: http://www.sec.gov/cgi-bin/srch-edgar

Company Overview:

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Compa a De Telecomunicaciones De Chile S.A. (CTC), or Telefonica CTC Chile, is the largest telecommunications company in Chile. The company provides local fixed-line telephony, as well as domestic and international long distance services. It also offers value-added services, such as Internet access, networking and software sales, telemarketing, and information system services. There are six providers of broadband services in Chile. Two of them (VTR and Metropolis Intercom) provide broadband access via cable modems, three (Telefonica CTC Chile, Telefonica del Sur, and Telefonica Manquehue) provide access via asynchronous digital subscriber line (ADSL), while Entel, the remaining one, provides connections with ADSL and wireless local loop technology. As of September 30, 2008, CTC had 3,080,686 total access lines (consisting of fixed line, broadband and TV). The company sold its mobile communication services business to Telefonica Moviles for $1.3 billion in July 2004 as the Chilean wireless market was approximately 60% penetrated, and the company was expecting intensified competition resulting in lower levels of profitability. In 2007, CTC derived approximately 75% of its revenue from fixed telecommunications, 15% from corporate communications services and 10% from long distance operations. Telefonica SA, Europe's second-largest phone company, holds about 45% stake in CTC and announced its acquisition of the entire entity upon shareholder approval.

Read full report on Compa a De Telecomunicaciones De Chile S.A. - ADS Company overview provided by Compa  a De Telecomunicaciones De Chile S.A. - ADS Overview

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  2007 2006 2005
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