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General

Telecom Argentina revenues up 40% to ARS 12.5 bln in Q1

Wednesday 11 May 2016 | 08:39 CET | News
Telecom Argentina reported a net profit of ARS 935 million in the first quarter of the year, down 10.1 percent year on year, due in part to a 120.1 percent rise in Capex to ARS 1.9 billion. However, the operator's overall revenues for the period surged by 40.4 percent to ARS 12.5 billion, driven by a 69.3 percent rise in fixed data revenues and a 37.9 increase in the sales at its mobile unit Personal. OIBDA climbed 28.9 percent to ARS 3.39 billion and operating profit came to ARS 2.0 billion, up 18.9 percent year on year. The company's mobile customer base was up 1.7 percent to 19.7 million,

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