...Strong Market Position: Telefonica Chile S.A.'s (TCH) leading position in Chilean fixed-line telecommunications, as the largest fixed-voice and broadband service provider, should remain intact, backed by its strong network quality and brand recognition. These factors help fend off competitive threats and support the company's solid cash flow generation and sound financial profile, which Fitch Ratings forecasts will remain commensurate with the current rating level over the medium term. Stable Growth Outlook: Broadband and pay-TV services will drive TCH's long-term growth, as penetrations of those services increase and help mitigate the ongoing revenue contraction in traditional voice services The penetration rates for these services are still less than 50%. During the first half of 2015 (1H15), the company's revenue resumed growth by 4% over a year earlier, supported by broadband and pay TV, which grew by 10% and 30%, respectively. TCH's voice service revenue proportion fell to 36% in 1H15...
