0
Broadband

Telefonica Argentina hikes prices by 192 percent

Tuesday 24 May 2016 | 10:05 CET | News
Telefonica Argentina has raised the price of the landline phone service for the first time since 2000 by 192 percent, reports Bloomberg. The increase in the monthly line-rental fee to about ARS 38 from ARS 13 comes after 16 years of government-frozen tariffs. The price hike offers Telefonica the chance to increase revenue and profit, and to step up network investments. While Argentina accounts for more than 6 percent of Telefonica's sales, its profit contribution has been far less. In March, the government authorized the landline price increases, and both Telefonica and Telecom Argentina

Thank you for visiting Telecompaper

Sign up below to get access to the rest of this article and all the telecom news you need.

  • Register free and gain access to even more articles from Telecompaper. Register here
  • Subscribe and get unlimited access to Telecompaper’s full coverage, with a customised choice of news, commentary, research and alerts.

Subscriptions

Already registered?



Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Categories: Fixed
Companies: Telefonica Argentina
Countries: Argentina
::: add a comment

Add comment

We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the Telecompaper website, they in no way represent the opinion of Telecompaper.


Related

Telecom Argentina H1 service sales up 27%, profit doubles

Published 10 Aug 2017 09:30 CET | Argentina
Telecom Argentina reported revenues up 20.2 percent year on year to ARS 30.5 billion in the first six months of the year, with ...

Telecom Argentina FY revenues up 32% on increased ARPU

Published 09 Mar 2017 08:53 CET | Argentina
Telecom Argentina reported a net profit of ARS 4.0 billion in 2016, up 16.6 percent year on year thanks to a surge in ARPU driven ...

Telefonica Argentina investment up 35% this year

Published 02 Nov 2016 14:24 CET | Argentina
Telefonica Argentina announced that it invested a total of ARS 7.24 billion in the first nine months of the year, some 34.9 ...

Telefonica Argentina invests ARS 5 bln in H1

Published 04 Aug 2016 14:57 CET | Argentina
Telefonica de Argentina has announced that it invested over ARS 5 billion (around USD 336 million) in the first half of 2016, ...

Mobile telephony tariffs in Argentina up by 14% in July

Published 09 Jun 2016 15:27 CET | Argentina
Tariffs will rise by 14 percent on average in July for about 40 million mobile telephony lines in Argentina, reports Clarin. In ...