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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

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Categories: Fixed
Companies: Telefonica Argentina
Countries: Argentina
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