...June 3, 2024 Despite a challenging competitive environment for telecom carriers in the Andean region, ATP continues to grow its tower and fiber network and strengthen its profitability. In the last 12 months ended March 31, 2024, ATP's revenue increased 12.4%, continuing its four-year run of growth above 10%. Fierce competition for some of its main clients in Colombia and Chile, coupled with the sluggish investment dynamics in Peru, have put pressure on expansion investments in the region. However, we believe that the ongoing demand for access to wireless and fiber networks in the region, as well as the demand from technological shifts such as the adoption of the 5G technology in Colombia, will continue to drive demand for ATP. At the same time, although growth prospects in terms of the number of sites may have slowed down for some clients in the next few months--in particular due to the default of Wom S.A. (D/-- )--we don't expect this to significantly affect ATP's long-term strategy or...
