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General

Argentina's Arsat posts ARS 367 mln FY surplus

Friday 12 January 2018 | 11:37 CET | News
Argentina's state-owned operator Arsat has announced that it posted a budget surplus of ARS 367 million (around USD 20 million) in 2017, some 5 times higher than the ARS 75 million surplus recorded in 2016 following the ARS 314 million deficit posted the previous year. Revenues were up 40 percent year on year to ARS 1.5 billion, driven by a 250 percent surge in sales from the Federal Fibre Optic Network (Refefo), which was expanded to over 400 locations in 2017, and a 64 percent rise in data centre income.

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Categories: General
Companies: Arsat
Countries: Argentina
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