distance does not matter dear shareholders in 2003 the earnings of empresa nacional de telecomunicaciones sa increased by 44 to almost 60 billion chilean pesos a year when telecommunications industry was faced with various large challenges this performance is an achievement that important highlight mobile telephony continues be most dynamic sector environment intense competition entel held on its outright leadership diversity and quality services have it has maintained technological development customer letter from president base grew 17 2 68 million phones service all carried out great efficiency once again enabled improve commercial financial results affiliate provision internet also had growth consolidated itself as provider segments customers wll adsl products 31 company captured interesting part market which high rates chile overseas s traditional long business continued
