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From Telecom Argentina
(This is an abridged version of the release. For the full version click here)
Buenos Aires - Telecom Argentina S.A., one of Argentina's leading telecommunications companies, announced today a Net Loss of 18.5bn pesos for the nine-month period ended September 30, 2018, a decrease of 26.1bn pesos when compared to 9M17. Net loss attributable to the Controlling Company amounted to 18.589 million (-P$26,160 million vs. 9M17).
During 9M18, Consolidated Revenues increased by 29.3% to P$99,494 million (+P$22,574 million vs. 9M17), mainly driven by Cable TV Services, Internet Services and Mobile Services. Moreover, Operating Income reached P$19,944 million (+P$6,090 million or +44.0% vs. 9M17).
(in million P$, except where noted)**
As of September, 30
Operating Income before D&A
Net (Loss) Income attributable to Controlling Company
Shareholders' equity attributable to Controlling Company
Net Financial Position - (Debt) / Cash
Fixed lines in service (in thousand lines)
Mobile customers (in thousand)
Núcleo (Paraguay) -including Wimax customers-
Broadband accesses (in thousand)
Cable TV Suscribers (in thousand)
Average Billing per user (ARBU) Fixed Telephony / voice (in P$)
Average Revenue per user (ARPU) Mobile Services - Personal (in P$)
Average Revenue per user (ARPU) Broadband (in P$) ***
Average Revenue per user (ARPU) Cable TV (in P$)
*(Unaudited information - figures as of 9M17 calculated as the sum of the parts of Telecom Argentina's and Cablevisión's CAPEX)
**(Figures may not sum up due to rounding)
***(Calculated considering the average subscriber bases according to the billing criteria of each product)
During 9M18, the Company invested P$24,046 million, increasing approximately 49.5% from the sum of the parts of Telecom Argentina's and Cablevisión's CAPEX as of 9M17, focusing on projects that maximize the network capacity and on the development of products and services that contribute to address the customer's needs that today demand for connectivity and data availability. Moreover, transmision and transport networks has been extended to unify the differents access technologies, reconverting the copper fixed networks into fiber or coaxial-fiber hybrid networks, in order to face the the increaseing services demand from mobile and fixed clients. Likewise, significant investments have been made in the charging, billing and relationship systems with customers. The Company aims to improve the capacity and coverage of its networks, which is key factor for the transformation towards convergent services with international quality standards, but also to leverage the content business, with Flow as an integral content platform and entertainment center, whose competitive advantages and differential features place it above other platforms. In relative terms, CAPEX reached 24.2% of consolidated revenues.
As part of its infrastructure deployment strategy, during the last months Telecom has made several agreements in the interior of the country and in the Buenos Aires metropolitan area, in order to expand its access network and improve the speed and capacity of mobile connections, thus boosting the nav