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General

Telecom Argentina FY revenues drop 7% to ARS 302 bln, postpay subs up 315,00

Wednesday 10 March 2021 | 09:58 CET | News
Telecom Argentina reported consolidated revenues of ARS 301.6 billion in 2020, down 6.5 percent year-on-year after adjusting for inflation of 36.1 percent in December. The result was attributed in part to the effects of the Covid-19 pandemic, with the operator saying it had been forced to impose home working for 70 percent of its staff. Net income before tax came to ARS 3.1 billion in FY20, down 77.5 percent on the year-earlier result, with the net loss attributable to shareholders coming in at ARS 5.7 billion for the full year, down 4.5 percent from ARS 6.0 billion in 2019.

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Categories: General
Companies: Fibertel / Personal / Personal Paraguay / Telecom Argentina
Countries: Argentina / Paraguay / Uruguay
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