Telecom Argentina Stet – France Telecom ( (TEO) ) has released its Q3 earnings. Here is a breakdown of the information Telecom Argentina Stet – France Telecom presented to its investors.
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Telecom Argentina S.A. 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 extends its services to Paraguay and Uruguay, offering various mobile and broadband services.
In its latest earnings report, Telecom Argentina revealed consolidated revenues of P$2,852,341 million for the first nine months of 2024, marking a 10.4% decline in constant currency compared to the previous year. Despite the overall revenue decline, the company saw a recovery trend in service revenues during the third quarter.
Key financial metrics showed that while operating income before depreciation, amortization, and impairments remained stable at 28.8% of revenues, net income significantly increased to P$951,912 million, driven mainly by gains from exchange rate differences. The company also reported a decrease in net financial debt by 37.6% in constant currency since December 2023.
Looking forward, Telecom Argentina plans to continue investing in expanding its 4G and 5G network coverage and enhancing internet service capabilities. The management remains focused on maintaining service revenue recovery trends despite the challenging inflationary environment.
