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General

Telecom Argentina FY revenues up 22%, profit doubles

Friday 9 March 2018 | 15:00 CET | News
Telecom Argentina reported a net profit of ARS 7.7 billion in 2017, almost double the ARS 4.0 billion posted in 2016, driven by a 26.8 percent surge in mobile ARPU. The operator's consolidated revenues for the January to December period climbed by 22.4 percent to ARS 65.2 billion, thanks to a 28.7 percent year on year rise in fixed broadband revenues and a 22.2 percent increase in sales at its mobile unit Personal Argentina. EBITDA was up 34.2 percent to ARS 19.4 billion and the company's Capex was flat at ARS 11.1 billion, equivalent to 17.1 percent of revenues.

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