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General

Telefonica Argentina sales up 29% in Q3 on ARPU growth

Wednesday 31 October 2018 | 10:35 CET | News
Telefonica Argentina posted third-quarter revenues amounting to EUR 232 million, up 29.0 percent year on year on an organic basis on the back of data-led ARPU growth and higher handset revenues. However, on a reported basis, revenues were down 71.3 percent due to a hyperinflationary adjustment applied retroactively since January. The accounting changes come after Argentina's Central Bank raised interest rates to 60 percent in August in response to the dramatic fall of the Argentine peso, which has lost around 50 percent of its value against the US dollar this year. The Q3 impact on Telefonica

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Categories: General
Companies: Telefonica / Telefonica Argentina
Countries: Argentina
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