Telecom Argentina Stet – France Telecom ( (TEO) ) has released its Q4 earnings. Here is a breakdown of the information Telecom Argentina Stet – France Telecom presented to its investors.
Telecom Argentina is a leading telecommunications company in Argentina, providing a range of services including fixed-line telephone, cellular, data transmission, pay TV, and internet services. The company also operates in Paraguay and Uruguay, offering mobile, broadband, and satellite TV services.
In its latest earnings report for fiscal year 2024, Telecom Argentina posted consolidated revenues of P$4,137,596 million, marking a 7.7% decrease in constant currency compared to the previous year. Despite this decline, the company reported a net income of P$1,033,252 million, a significant turnaround from the previous year’s loss, primarily driven by gains from foreign exchange differences.
Key highlights from the report include a positive trend in service revenues, which showed a real-term recovery with a 2.6% year-over-year increase in the fourth quarter. The company also saw growth in its mobile and cable TV subscriber bases, while broadband access slightly decreased. Operating income before depreciation, amortization, and impairments remained stable at 28.2% of revenues.
Looking ahead, Telecom Argentina’s management remains focused on strategic investments, including the expansion of its 4G and 5G networks and improvements in cable TV and internet services. The company also completed a significant acquisition of Telefónica Móviles Argentina, which is expected to enhance its market position.
Overall, Telecom Argentina is poised to continue its growth trajectory, leveraging its strategic investments and recent acquisition to strengthen its competitive position in the telecommunications market.