February 15, 2022 |
Fitch Ratings said Monday that it upgraded Chilean telecommunications company Entel by one notch to BBB with a stable outlook, adding that the company continues to see operational improvements and positive cash flow in Chile and Peru.
"Entel's Chilean performance has demonstrated strong resiliency and improving results despite strong competition," Fitch said in a report. "Since Entel began Peruvian operation seven years ago, the company has grown to 9.9 million mobile subscribers," it added.
Rating agency bumps up the Chilean telco to BBB, citing solid market share and positive cash flow in Chile and Peru