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09.11.2020 22:26
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PR Newswire
Telecom Argentina S.A. announces consolidated results for the nine month period ("9M20") and third quarter of fiscal year 2020 ("3Q20")*
Eine Frau beim Telefonieren (Symbolbild).
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PR Newswire
BUENOS AIRES, Argentina, Nov. 9, 2020
BUENOS AIRES, Argentina, Nov. 9, 2020 /PRNewswire/ -- Note: For the figures included in their FFSS, the Company has accounted for the effects of inflation adjustment adopted by Resolution 777/18 of the Comisión Nacional de Valores ("CNV"), which establishes that the restatement will be applied to the annual financial statements, for intermediate and special periods ended as of December 31, 2018 inclusive. Accordingly, the reported figures corresponding to 9M20 include the effects of the adoption of inflationary accounting in accordance with IAS 29. Finally, comments related to variations of results of 9M20 and vs. 9M19 mentioned in this press release correspond to "figures restated by inflation" or "constant".
- For comparative purposes, it is important to highlight that the results restated by inflation corresponding to September 2019 contain the effect of year over year inflation as of September 2020, which amounted to 36.6%.
- Consolidated Revenues of Telecom Argentina amounted to P$208,220 million in 9M20, from which Service Revenues totaled P$197,044 million (-3.6% in real terms vs. 9M19). Services Revenues in 3Q20 totaled P$62,844 million (-8.0% vs. 3Q19). As it was established in the Agreement with the National Communications Entity ("ENACOM"), the prices of mobile and fixed telephony, Internet and pay TV did not increase from May 1 to August 31, 2020. In addition, according to the provisions set forth by Decree 690/2020, price increases or modifications established or announced as from July 31, 2020 have been suspended until December 31, 2020.
- Mobile clients in Argentina have reached 18.7 million in 9M20 (-150 thousand or -0.8% vs. 2Q20). In turn, cable TV subscribers totaled approximately 3.6 million (+69 thousand or +2.0% vs. 2Q20), while broadband accesses amounted to almost 4.2 million (+78 thousand or +1.9% vs. 2Q20).
- Operating Income before Depreciation and Amortization amounted to P$74,455 million in 9M20 (+2.4% vs. 9M19). Operating Income totaled P$ 19,393 million (-1.4% vs. 9M19).
- The Company registered a Net Loss of P$1,249 million in 9M20 (-92.8% vs. 9M19). This decrease in the Net Loss vs. 9M19 was mainly due to a reduction in FX losses in a context of lower devaluation in real terms vs. the same period of last year, and also lower income tax charges.
- Investments (including rights of use assets) reached P$40,699 million in 9M20, equivalent to 19.5% of Consolidated Revenues.
- Net Financial Debt amounted to P$132,450 million in 9M20, (-8.0% in real terms vs. 9M19).
*Unaudited non financial data
| | | IAS 29 | | IAS 29 | | | | | |
| (in million P$ adjusted by inflation, except where noted)** | | As of | | As of Kurse
| | Δ $ | | Δ % | |
| | 2020 | | 2019 | | | | | ||
| Consolidated Revenues | | 208,220 | | 218,182 | | (9,962) | | -4.6% | |
| Operating Income before D&A | | 74,455 | | 72,708 | | 1,747 | | 2.4% | |
| Operating Income | | 19,393 | | 19,672 | | (279) | | -1.4% | |
| Net income (loss) before income tax expense | | 6,531 | | -225 | | 6,756 | | - | |
| Net Loss attributable to Controlling Company | | (1,645) | | (17,680) | | 16,035 | | -90.7% | |
| Shareholders' equity attributable to Controlling Company | | 370,734 | | 385,005 | | (14,271) | | -3.7% | |
| Net Financial Debt | | (132,450) | | (144,035) | | 11,585 | | -8.0% | |
| Investments in PP&E, intangible assets & rights of use assets * | | 40,699 | | 60,030 | | (19,331) | | -32.2% | |
| | | | | | | | | | |
| Fixed lines in service (in thousand lines) *** | | 2,938 | | 3,272 | | (334) | | -10.2% | |
| Mobile customers (in thousand) | | 20,889 | | 21,282 | | (393) | | -1.8% | |
| Personal (Argentina) | | 18,654 | | 18,974 | | (320) | | -1.7% | |
| Núcleo (Paraguay) -including Wimax customers- | | 2,235 | | 2,308 | | (73) | | -3.2% | |
| Broadband accesses in Argentina (in thousand) | | 4,173 | | 4,144 | | 30 | | 0.7% | |
| Pay TV Suscribers (in thousand) | | 3,568 | | 3,515 | | 53 | | 1.5% | |
| | | | | | | | | | |
| Average Billing per user (ARBU) Fixed Telephony / voice (in P$ - Restated by inflation) | | 542.7 | | 532.8 | | 9.9 | | 1.9% | |
| Average Revenue per user (ARPU) Mobile Services - Personal (in P$ - Restated by inflation) | | 401.2 | | 387.5 | | 13.7 | | 3.5% | |
| Average Revenue per user (ARPU) Broadband (in P$ - Restated by inflation) | | 1,199.7 | | 1,333.0 | | (133.3) | | -10.0% | |
| Average Revenue per user (ARPU) Cable TV (in P$ - Restated by inflation) | | 1,285.3 Werbung Mehr Nachrichten zur Telecom Argentina SA B ADR Aktie kostenlos abonnieren
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