Movistar Chile, a privately owned telecommunications company headquartered in Chile, is a subsidiary of Telefónica. Founded in 1880, the company employs approximately 1070 people and generated revenue of roughly $1 billion in 2023. Its primary business is providing telecommunications services.
Movistar Chile increased 5G sites in Antofagasta by over 120 percent to over 200, benefiting 170,000 consumers and businesses. In 2024, Movistar Chile recorded the fastest average fixed internet download speeds in Chile at 203.5 Mbps, according to Steam. The company reactivated the sale of its Santiago headquarters after previously halting plans in 2019. Furthermore, Movistar Chile connected 24 locations in the La Araucania region to fiber optic cable, covering 500 km as part of the National Fibre Optic (FON) project, aiming to connect 52 municipalities across three regions with over 2400 km of cable.
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Movistar Chile (Telefonica Chile) offers 6 products in the media and telecoms services industry. Movistar Chile (Telefonica Chile)'s product portfolio comprises of media and TV services, consumer electronics and telecoms services.
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Movistar Chile (Telefonica Chile)'s revenues were over $1B in 2023. Caretta Research has split Movistar Chile (Telefonica Chile)'s revenue into 6 different product categories, the largest of which is mobile services. For full access to Movistar Chile (Telefonica Chile)'s revenue breakdown subscribe to Caretta Portal.
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