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General

Claro Argentina revenues down 10% in Q2, ARPU up on fixed line boost

Wednesday 15 July 2020 | 12:07 CET | News
America Movil reported second-quarter revenues adjusted for inflation down 10.1 percent year on year to ARS 25.6 billion in Argentina, with service revenues down 3.1 percent and equipment revenues plunging 44.5 percent due mainly to store closures. The company said overall mobile service revenues at its Claro unit declined 4.9 percent year on year in the April to June period, attributed in part to subscribers under lockdown moving to lower-cost plans or migrating to prepaid. Second-quarter EBITDA came to ARS 9.8 billion, down 18.9 percent in real terms, with the EBITDA margin falling 4.1

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