Telecom Argentina discloses 4G spectrum bids; 9M14 revenues reach USD2.8bn

6 Nov 2014

In its 9M14 earnings announcement, Telecom Argentina (Personal) has disclosed that it successfully bid USD658 million for 3G and 4G-suitable spectrum in the recent auction staged by the Secretaria de Comunicaciones (SeCom). The telco has confirmed that it bid on the following spectrum blocks: 830.25MHz-834MHz paired with 875.25MHz-879MHz (Lot 2); 1890MHz-1892.5MHz paired with 1970MHz-1972.5MHz (Lot 5); 1862.5MHz-1867.5MHz paired with 1942.5MHz-1947.5MHz (Lot 6); and 1730MHz-1745MHz paired with 2130MHz-2145MHz (Lot 8).

As previously reported by TeleGeography’s CommsUpdate, on 31 October SeCom confirmed that it received offers totalling USD2.23 billion for the 4G spectrum, equivalent to a 13% premium on the floor price of USD1.97 billion. The watchdog is not expected to formally unveil the winners of the concessions until later this month.

Meanwhile, the telco has announced consolidated revenues of ARS24.183 billion (USD2.842 billion) for the nine-month period ended 30 September 2014, representing a rise of 22.0% against the corresponding period of 2013. Meanwhile, net income for the period under review increased to ARS2.684 billion, a rise of 13.7% year-on-year. As of 30 September 2014, Personal claimed a total of 19.8 million mobile subscribers, down slightly from 19.9 million one year earlier; post-paid clients represented 32% of the operator’s user base.

Argentina, Telecom Argentina (incl. Cablevision)