Telecom Argentina reports 2011 revenues of ARS 18.52 billion, up 26 percent from 2010, mainly fuelled by the mobile and broadband businesses.
Net income for the period exceeded ARS 2.42 billion, up by 33 percent from 2010. Mobile revenues rose 31 percent to ARS 13.18 billion, and fixed-line revenues increased 15 percent to ARS 5.34 billion. OIBDA improved 23 percent to ARS 5.61 billion.
Nucleo, the company’s mobile unit in Paragu ay, had 2.1 million customers at the end of 2011, up 14 percent from a year earlier.
The fixed division increased the number of lines in service 1 percent from a year earlier to 4.14 million, and the number of ADSL customers rose 12 percent year-on-year to 1.55 million users at end-December. ARPU climbed 7 percent year-on-year for fixed customers to ARS 45.7, while mobile ARPU grew 16 percent to ARS 51.4.
The operator’s mobile unit Personal gained 1.8 million new customers in the nine-month period, for a total of 18.1 million at the end of December.
Personal’s subsidiary in Paraguay, Nucleo, had almost 2.1 million customers at 31 December 2011, up 14 percent year-on-year. Prepaid and postpaid customers represented 83 percent and 17 percent, respectively