...Telefonica Moviles Chile S.A.'s (TMCH) ratings (BBB+/Stable) reflect its market position, strong brand recognition and network infrastructure, and sound financial profile backed by solid cash flow generation. The ratings are tempered by the intense competitive landscape in a mature industry and the support that TMCH provides to Telefonica S.A. through dividends. Following the 2017 reorganization, TMCH is the holding company for Telefonica Chile S.A. (TCH). The integrated group structure provides for synergies, mainly in terms of integrated business strategy under the common management, networks costs, brand unity and sales coverage....
