...Strong Market Position: Telefonica Chile S.A.'s (TCH) position as one of the largest fixed- voice and broadband service providers in Chilean fixed-line telecommunications is expected to remain intact over the medium term 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. Less Reliance on Voice: TCH's steady subscriber growth in the broadband and pay-TV operations will continue to support stable performance in the short to medium, despite ongoing contraction in traditional voice service revenues. Service penetrations of broadband and pay-TV, which are estimated to be just over 50%, indicates further growth headroom over the medium term. In addition, these services enable the company to provide attractive bundled products, which also helps prevent...
