Our Latin American fixed income analyst, Cristián Ignacio Zañartu Ramírez, was consulted by Diario Financiero regarding the fall of VTR's bonds by more than 10%.

"The paper had a recovery in July and August due to the announcements made by its controllers about their commitment to the Joint Venture (JV) between VTR and Claro. The fall that followed can be seen as a loss of confidence about the company's operation," said Zañartu.

Regarding the quarterly results, he stated that "they are a reflection of the difficult situation the company is going through", since "to date the expected synergies from the joint venture with Claro have not been evident".