0
General

Telefonica cuts Argentina 9-mth sales by EUR 625 mln due to hyperinflation

Wednesday 10 October 2018 | 10:54 CET | News
Telefonica has significantly reduced its sales and profit expectations in Argentina due to the country's hyperinflation, reports El Economista, citing a document released to investors. Rising prices will reduce the company's core profit in Argentina by EUR 215 million in the year to September, while the group's net revenues will fall by EUR 625 million and capex by EUR 115 million.

Thank you for visiting Telecompaper

We hope you've enjoyed your free articles. 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: General
Companies: Telecom Argentina / Telefonica
Countries: Argentina / Spain
::: 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-Cablevision Q1 revenues down 9% to ARS 44 bln

Published 10 May 2019 11:26 CET | Argentina
Telecom Argentina and cable TV provider Cablevision reported consolidated first-quarter revenues of ARS 44.3 billion, down 9.0 ...

Telefonica Argentina sales up 28% to EUR 884 mln in Q4

Published 21 Feb 2019 12:14 CET | Argentina
Telefonica Argentina reported inflation-adjusted organic revenues up 28.2 percent year on year to EUR 884 million in the fourth ...

Telefonica Argentina sales up 29% in Q3 on ARPU growth

Published 31 Oct 2018 10:35 CET | Argentina
Telefonica Argentina posted third-quarter revenues amounting to EUR 232 million, up 29.0 percent year on year on an organic basis ...

Telefonica raises outlook as organic revenue growth improves to 2.7% in Q3

Published 31 Oct 2018 08:32 CET | Latin America
Telefonica raised its full-year outlook for organic revenue growth to around 2 percent from 1 percent, after results strengthened ...

Ezentis awarded two Telefonica Spain contracts

Published 01 Oct 2018 08:41 CET | Spain
Spanish infrastructure specialist Ezentis has signed two contracts with Telefonica in Spain to convert the country into the main ...

Telecom Argentina to slow down pace of investment

Published 27 Sep 2018 15:00 CET | Argentina
Telecom Argentina is set to respond to the country's economic crisis by slowing down the pace of its investment, reports ...

Telefonica launches Movistar eSports channel throughout LatAm

Published 13 Sep 2018 11:14 CET | Latin America
Telefonica has announced the launch of its Movistar eSports channel in 9 Latin America countries over a year after it began ...

Over 2 mln using Mi Movistar app in Argentina

Published 03 Sep 2018 11:43 CET | Argentina
Movistar Argentina (Telefonica) revealed that over 2 million individual users and 60,000 businesses are now using the company's ...

Telefonica Argentina to invest ARS 300 mln in Jujuy upgrade

Published 27 Aug 2018 11:04 CET | Argentina
Telefonica Argentina has announced plans to invest over ARS 300 million in the northern province of Jujuy this year alone with a ...

Telefonica launches new 300Mbps fibre service, Wi-Fi app in Argentina

Published 27 Jul 2018 11:43 CET | Argentina
Telefonica has announced the launch of a new fibre-based broadband offer for 300,000 homes in the Buenos Aires metropolitan area ...

Telefonica Argentina Q2 revenues up 22% on rising ARPU

Published 26 Jul 2018 11:03 CET | Argentina
Telefonica Argentina reported second-quarter revenues of EUR 703 million, up 22.3 percent year on year thanks above all to a 30.9 ...





Calendar   /   Industry Events

28 Oct World Radiocommunication Conference
12 Nov Wi-Fi NOW International
13 Nov Cable Congress
13 Nov TIP Summit
14 Nov Ice Group Q3 2019
14 Nov Bharti Airtel fiscal Q2
14 Nov Westell fiscal Q2
14 Nov Cisco fiscal Q1
14 Nov Bouygues Telecom Q3 2019
14 Nov Nvidia Q3
14 Nov Weibo Q3 2019
14 Nov TDC Q3 2019
14 Nov Vodafone Idea fiscal Q2
14 Nov Telechoice Q3 2019
18 Nov Bezeq Q3 2019
18 Nov Fortinet investors day
18 Nov CRU World Optical Fiber & Cable Conference
19 Nov Gilat Satellite Networks Q3 2019
19 Nov MTS Q3 2019
19 Nov Qualcomm analyst day
19 Nov Connected Germany
19 Nov Connections Europe
20 Nov Inmarsat Q3 2019
20 Nov Avaya fiscal Q4
20 Nov Poly investors day
20 Nov Netgear analysts meeting
20 Nov Line developer day
20 Nov Sigfox Connect 2019
20 Nov NexTV Series Central Europe
21 Nov A3 results for Q3
::: More Calendar Items