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Telecom Argentina Profits Jump in Lower Costs

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Telecom Argentina has announced that its first quarter net income jumped by 53% to P$628 million (USD153.5 million) due to a higher OPBDA and lower financial charges.

Revenues also rose, by 27% to P$4.13 billion (USD1 billion), mainly fueled by the Mobile and Broadband businesses. Moreover, operating profit increased by 28% to P$980 million.

The mobile subscriber base increased by 2 million over the year, to reach 18.8 million as of the end of March 2011, of which 16.9 million are with Personal Argentina, and the remainder with its Uruguay subsidiary.

The overall subscriber base mix continued with 70% of prepaid and 30% postpaid.

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Tags: telecom argentina  Argentina  Uruguay