Telecom posts 22% rise in H1 sales

31 Jul 2013

Telecom Argentina has announced its consolidated financial results for the first six months of 2013, reporting a 22% increase in revenues to ARS12.713 billion (USD2.3 billion) from ARS10.380 billion in the year-ago period, on the back of growth in the firm’s mobile, fixed data and broadband operations. Mobile services accounted for ARS9.378 billion of total revenues in the first half of 2013 (up 25% year-on-year), while fixed services turnover grew 16% from ARS2.877 billion in 1H12 to ARS3.335 billion twelve months later. Operating income before depreciation and amortisation (OIBDA) totalled ARS3.624 billion in the first half of 2013, up 15% year-on-year, while net income attributable to the company rose 14% from ARS1.275 billion in H1 2012 to ARS1.454 billion in the same period of 2013. Telecom Argentina said that consolidated operating costs rose 23% year-on-year to ARS1.993 billion, which the company attributed to ‘higher commercial costs, higher taxes related to the increase in sales, the inflationary effects in the general cost structure, and greater expenses related to the intense competition.’ Capital expenditure reached ARS1.554 billion (up 16% versus 1H12), of which ARS671 million was allocated for fixed services and ARS883 million for mobile operations.

As at 30 June 2013 the number of Telecom Personal’s domestic mobile customers stood at 19.307 million, compared to 18.723 million a year earlier, while Argentine fixed broadband customers increased 3% year-on-year to 1.634 million. Mobile customers of Telecom’s Paraguayan unit Nucleo rose 6% year-on-year to 2.381 million at mid-2013.

Argentina, Telecom Argentina (incl. Cablevision)