Buenos Aires based operator Telecom Argentina (TA) has posted it results for the first nine months of 2006. They show net revenues increased by 30% compared to the same period last year to ARS5.26 billion (USD1.7 billion), driven by expansion in the broadband and cellular markets, as well as moderate growth in the wireline sector. ADSL subscribers have doubled in the last twelve months to 375,000, while fixed-line customers have increased 4% to 4.05 million. TA’s cellular subsidiary Personal reported 7.7 million subscribers at the end of September, of which 65% were prepaid. Monthly ARPU was reported to be ARS39, up 11% from a year ago.
Meanwhile BNamericas reports that TA is planning to invest ARS500 million in offering 3G services, in addition to the ARS1 billion it recently announced it intends to invest in broadband infrastructure.