Entel Bolivia net profit up 8% in 2015
Bolivian state telco Entel posted a net profit of 965mn bolivianos (US$138mn) in 2015, up 8.35% compared with 2014, telecommunications deputy minister Marco Antonio Vásquez was quoted as saying by local daily La Razón.
In an address on public accounts to the public works, services and housing ministry, Vásquez said that revenue totaled 4.25bn bolivianos, up 4% over 2014.
Entel has said it plans to invest US$1bn in infrastructure in 2016-2020 as part of President Evo Morales' social and economic development plan.
Investment over the next five years will go into fiber optics and mobile base stations.
According to La Razón, the company has recorded total income of 26.571bn bolivianos since 2008 when it was nationalized, 111% more than during the period when it was in the hands of Telecom Italia.
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