Mobile behind Telecom Argentina’s 35.8% revenue surge
Telecom Argentina’s 35.8% year-on-year revenues increase to ARS38.818 billion (c. $2.6bn) has been fuelled by mobile phone services
The rise in consolidated revenues of the Buenos Aires-based operator for 2016’s Q1-Q3 period were strongly attributed to Telecom Argentina’s mobile phone services operator Personal. ARS27.928 billion of Telecom Argentina’s revenues were generated by mobile services and this was “as a result of the commercial strategy that promotes the consumption of value added services (VAS) through a wide offer of 4G smartphones together with data plans suitable to clients’ needs”.
“During 3Q16, Personal continued promoting the evolution of services with the deployment of its network and infrastructure according with 4G/LTE technology, reaching 600 locations, including all 23 capital cities and the AMBA region, with more than 4.3 million subscribers actively using the technology,” said Telecom Argentina in a financial statement.
“Additionally, new functions that allow improvements in the voice and data services were incorporated. Among them, the 3G HD voice service in a national scale for calls between Personal clients that have technically suitable devices to use this functionality, thus improving substantially the call experience.”
Telecom Argentina’s operating income for the Q1-Q3 period under review was up 23.9% to ARS5.523 billion, and net income rose by 9.3% to ARS17.843 billion. GTB