Telecom Argentina 9M revenues up 35.8%

10 Nov 2016

Buenos Aires-based Telecom Argentina has reported consolidated revenues of ARS38.818 billion (USD2.594 billion) for the nine-month period ended 30 September 2016, representing a year-on-year increase of 35.8%. The lion’s share of the company’s top-line – ARS27.928 billion – was generated by mobile services, as operating income for the period under review jumped 23.9% to ARS5.523 billion, and net income attributable to Telecom Argentina grew by 9.3% to ARS17.843 billion.

In operational terms, the telco reported a total of 19.901 million mobile users, alongside 1.800 million broadband customers and 3.946 million wireline subscribers. In addition, Telecom noted that its 4G LTE user base has increased to 4.3 million, with network coverage now available in 600 different locations, including all 23 provincial capitals and the Area Metropolitana de Buenos Aires (AMBA). Elsewhere, Telecom Argentina’s Paraguay-based subsidiary Nucleo (Telecom Personal) notched 2.532 million mobile subscribers at end-September.