After facing problems in Chile, Entel now turns their attention and looks to invest more in Peru.
Entel is a relatively new company in Peru, but since its start in 2013, it has become more and more popular. The increasing popularity of this company when compared to other companies that offer telephonic services, has also been related to the wide array of events they have executed in Peru during this last year.
The Entel food festival held in Chiclayo -if you want to know more about it read this article- as well as the Entel Challenge which was praised for supporting exercise within participants, are just two examples of Entel’s events in Peru.
Entel, however, has stated that they need investments in Peru to be recovered faster.
In the last 3 months, Chile has meant a loss for the company, mostly because of new companies which have introduced themselves as strong competitors, such as WOM, a new company which is owned by the firm Londres Novator Partners LLP.
Although Entel is still stabilizing, statistics reveal that Peru will probably generate enough cash influx that could be used for operations. In view of this, Peru remains the best option for Entel which is looking to “run” from their losses in Chile. Most of these losses have been caused by the government that allows number portability; 2.3 million clients migrated to other companies.