Market grows 25% in 2007

21 Feb 2008

BNamericas, quoting a study by local consultancy Prince & Cooke, reports that revenues from Argentina’s telecoms market totaled ARS24 billion (USD7.6 billion) in 2007, an increase of 25% compared to 2006. The study found that revenues were driven by the mobile telephony and internet segments. Mobile revenues surged 42% last year compared to 2006 while the internet sector experienced 40% growth. The cellular market accounted for 45% of total turnover. The country ended 2007 with 2.6 million broadband subscribers, and approximately 800,000 additions are expected this year.