Tuesday, March 4, 2008

Telecom Argentina Reaches 783,000 Broadband, 12.3 Million Cellular

For 2007, the Telecom Argentina Group reported consolidated net revenues of P$9,074 million, up 23% vs. the previous year ("FY06"). The major revenue increase came from the cellular business with an expansion of 34% and from Internet businesses with a growth of 23%, both with respect to FY06. Some highlights:

  • The cellular customer base reached 12.3 million (+28%)

  • Broadband subscribers totaled 783,000 (+71%)

  • Fixed lines in service increased by 3% to 4.2 million.

  • Operating Profit before Depreciation and Amortization ("OPBDA") reached P$3,052 million (+34% vs. FY06), equivalent to 34% of net revenues, mainly fueled by cellular telephony growth.

  • Fixed telephony profitability continues weakening due to frozen tariffs and the inflation effect on the general cost structure.

See also