Telecom Argentina posts 20% rise in 9M sales

1 Nov 2012

Telecom Argentina has announced its financial results for the nine months ended 30 September 2012, reporting a 20% year-on-year rise in consolidated revenues to ARS16.025 billion (USD3.36 billion) from ARS13.359 billion in the year-ago period. Sales were boosted by a 23% increase in mobile service revenue to ARS11.608 billion, as well as a 28% year-on-year rise in fixed internet turnover to ARS1.442 billion, mainly due to the continued expansion of broadband services. The company said that operating profit before depreciation and amortisation (OPBDA) reached ARS4.726 billion in the first three quarters of 2012, up 7% from ARS4.401 billion in 9M 2011, while net income for the nine-month period totalled ARS1.923 billion, an increase of 2% year-on-year. CAPEX was ARS2.187 billion in the first nine months of 2012 versus ARS1.775 billion in the year-ago period.

At 30 September 2012 Telecom Argentina reported a total of 18.909 million domestic wireless subscribers, an increase of 6% year-on-year, while the number of mobile and WiMAX customers at its Paraguayan unit Nucleo rose 9% to 2.270 million. Broadband accesses totalled 1.612 million at the end of September 2012, up 7% from 1.505 million twelve months earlier.

Argentina, Telecom Argentina (incl. Cablevision)