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General

Claro Argentina revenues down 5% in Q4, client base steady

Thursday 13 February 2020 | 11:03 CET | News
America Movil reported fourth-quarter revenues down 4.9 percent year on year to ARS 24.8 billion in Argentina on a constant peso basis adjusted for inflation. The company said overall mobile service revenues at its Claro unit declined 5.8 percent year on year in the final quarter of 2019, although prepaid revenues improved to a 0.6 percent decline, with the postpaid segment coming down 8.4 percent due to seasonal offers. Similarly, fixed service revenues fell 5.8 percent as a result of discounts offered to gain scale in the market.

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