Telecom Argentina Stet – France Telecom ( (TEO) ) has released its Q1 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 prominent telecommunications company in Argentina, providing a range of services including fixed-line telephone, cellular, data transmission, pay TV, and internet services, with operations extending to Paraguay and Uruguay.
In the first quarter of 2025, Telecom Argentina reported consolidated revenues of P$1,363,353 million, marking a 27.8% increase in constant currency compared to the same period in 2024. The company also saw a significant improvement in service revenues, which grew by 26.5% in real terms, reversing a previous decline.
Key financial highlights include a robust operating income before depreciation, amortization, and impairment (D, A & I) margin of 33.1%, an increase of 2.8 percentage points from the previous year. The company also recorded a net profit of P$93,202 million, driven by foreign exchange gains and increased operating income. Notably, Telecom’s mobile and broadband services showed strong performance, with significant growth in average revenue per user (ARPU).
Despite the positive revenue growth, Telecom’s net financial debt increased by 30.3% in constant currency, primarily due to loans taken for the acquisition of Telefónica Móviles Argentina (TMA). The company’s capital expenditures focused on expanding cable TV and internet services, as well as modernizing mobile network infrastructure.
Looking ahead, Telecom Argentina remains focused on enhancing its service offerings and expanding its network capabilities, while navigating the regulatory landscape following its acquisition of TMA. The management’s outlook suggests a continued emphasis on strategic investments to drive growth and maintain competitiveness in the telecommunications sector.