Telecom Argentina Q1 Profits and Revenues Rise

­Telecom Argentina has announced that its first-quarter net income jumped by  53% to US$153.5 million due to a higher OPBDA and lower  financial charges.

Revenues also rose, by 27% US$1 billion, mainly fueled by  the Mobile and Broadband businesses. Moreover, operating profit increased by 28%  to P$980 million.

The mobile subscriber base increased by 2 million over the year, to reach  18.8 million as of the end of March 2011, of which 16.9 million are with  Personal Argentina, and the remainder with its Uruguay subsidiary.

The overall subscriber base mix continued with 70% of prepaid and 30%  postpaid.

See the Telecom Argentina record in Latin Target.

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