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Telecom Argentina 9M revenues down 5% on 393,000 mobile losses

Tuesday 10 November 2020 | 14:17 CET | News
Telecom Argentina reported consolidated revenues of ARS 208.2 billion in the first 9 months of 2020, down 4.6 percent year-on-year after adjusting for inflation. Service revenues fell 3.6 percent in real terms to ARS 197.0 billion but OIBDA rose 2.4 percent year on year to ARS 74.5 billion and operating profit was flat at ARS 19.4 billion. Telecom Argentina said the quarter was affected by a longstanding economic crisis that was deepened by the coronavirus pandemic, with the operator unable to hike the prices of any of its fixed and mobile telephony, internet and pay-TV plans from May until

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Categories: General
Companies: Cablevision / Personal / Personal Paraguay / Telecom Argentina
Countries: Argentina
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