Tuesday, July 31, 2012

Telecom Argentina Posts Steady Growth

As of the end of June 2012, Telecom Argentina had 20,965,000 mobile customers, up 8% YoY, including roughly 18.7 million in Argentina and 2.2 million in Paraguay (including WiMAX). The overall subscriber base mix continued to improve with 32% being postpaid (+14% vs. 1H11). The company had 1,594,000 broadband access lines, up 9% over a year earlier.

Telecom Argentina reported a Net Income of P$1,294 million for the six months period ended June 30, 2012, or +1% when compared to the same period last year. Net income attributable to Telecom Argentina amounted to P$1,275 million (+1% vs. 1H11).

During 1H12, consolidated Revenues increased by 21% to P$10,380 million (+P$1,796 million vs. 1H11), mainly fueled by the Mobile Services, Broadband business and Fixed Data. Moreover, Operating Profit amounted P$1,882 million (-P$47 million vs. 1H11).

During 1H12, the overall traffic of voice minutes increased by 8% vs. 1H11. SMS traffic (incoming and outgoing charged messages) continued to increase, although at a slower pace of growth, due to other Internet alternatives provided by Personal. The traffic climbed to a monthly average of 5,401 million in 1H12 from 5,291 million messages in 1H11 (+2% vs. 1H11). Due to this increase in traffic and VAS usage, Average Monthly Revenue per User ("ARPU") increased to P$54,6 during 1H12 (+13% vs. 1H11).

In 1H12 Telecom Argentina launched cloud computing services for corporate ICT allowing virtual access to data center resources.