Telecom Argentina Q1 revenue up 24% on rising mobile, internet sales

8 May 2012

Telecom Argentina has announced it generated consolidated revenues of ARS5.126 billion (USD1.15 billion) in the three months ended 31 March 2012, an increase of 24% from the ARS4.134 million reported in the year-ago period. Consolidated sales were boosted by a 28% year-on-year rise in domestic service mobile revenue to ARS3.101 billion and an increase of 31% in internet turnover to ARS458 million. The company said that operating profit before depreciation and amortisation (OPBDA) reached ARS1.648 billion in the first quarter of 2012, up 15% from ARS1.436 billion in Q1 2011, while operating profit rose 8% year-on-year to ARS1.033 million in the first three months of 2012. The increase in OPBDA helped boost net income to ARS708 million in 1Q12, up 11% from ARS640 million in the year-ago quarter. CAPEX reached ARS690 million in the period versus ARS462 million in Q1 2011.

At 31 March 2012 Telecom Argentina reported a total of 18.547 million domestic wireless subscribers, an increase of 10% year-on-year, with monthly mobile ARPU rising from ARS47.4 in Q1 2011 to ARS54.9 twelve months later. Meanwhile, the number of mobile and WiMAX customers at its Paraguayan unit Nucleo rose 16% to 2.203 million. Broadband accesses totalled 1.566 million at the end of March 2012, up 11% from 1.407 million twelve months earlier.

Argentina, Telecom Argentina (incl. Cablevision)