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General

Claro Argentina Q3 revenues fall another 10% on price hike ban

Wednesday 21 October 2020 | 11:10 CET | News
America Movil said third-quarter revenues adjusted for inflation fell to ARS 27.6 billion in Argentina, down 9.6 percent year on year following a similar decline in Q2. The operator attributed the fall to lockdown measures that were prolonged through September as well as the government's decision to brand telecommunications "essential services" and ban price rises for the remainder of 2020. The company said overall mobile service revenues at its Claro unit plunged 11.5 percent year on year to ARS 24.7 billion in the July to September period, partly offset by a 12.5 percent rise in fixed line

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Categories: General
Companies: America Movil / Claro Argentina
Countries: Argentina
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