Telecom Argentina S.A. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2022
November 10, 2022 at 06:10 am EST
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Telecom Argentina S.A. reported earnings results for the third quarter and nine months ended September 30, 2022. For the third quarter, the company reported sales was ARS 148,238 million compared to ARS 176,175 million a year ago. Net loss was ARS 203,003 million compared to net income of ARS 4,666 million a year ago.
For the nine months, sales was ARS 470,960 million compared to ARS 536,247 million a year ago. Net loss was ARS 164,873 million compared to net income of ARS 655 million a year ago. Basic loss per share from continuing operations was ARS 76.6 compared to basic earnings per share from continuing operations of ARS 0.3 a year ago.
Telecom Argentina S.A. provides fixed-line telecommunications services in Argentina, and also provides other telephone-related services, such as international long-distance service, data transmission, information technology solutions outsourcing and Internet services. The Company's segments include Fixed Telecommunications Services (Fixed Services), Personal Mobile Telecommunications Services (Personal Mobile Services) and Nucleo Mobile Telecommunications Services (Nucleo Mobile Services). The Company, through its subsidiaries, also provides mobile telecommunications services and international wholesale services. The Fixed services segment consists of basic telephone services, interconnection services, data transmission and Internet services, information and communication technology services, and other telephone services. The Company, through its subsidiaries, such as Telecom Personal S.A. and Nucleo S.A., provides mobile services in Argentina and Paraguay, respectively.
TELECOM ARGENTINA S.A. 
