Telecom Argentina Stet – France Telecom (TEO) has released an update.
Telecom Argentina S.A. reported a significant net income of P$675,032 million for the first quarter of 2024, influenced by gains from exchange rate differences, despite a decrease in service revenues by 16.3% compared to the same period last year. The company’s operating income margin remained stable at 30.3%, attributed to effective cost management. Subscriber growth showed resilience, with mobile and fixed internet accesses increasing, although Pay TV subscriptions experienced a decline.
For further insights into TEO stock, check out TipRanks’ Stock Analysis page.
