Telecom Argentina S.A. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
November 09, 2023 at 04:54 pm EST
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Telecom Argentina S.A. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported sales was ARS 333,403 million compared to ARS 353,226 million a year ago. Net income was ARS 30,297 million compared to net loss of ARS 483,719 million a year ago.
For the nine months, sales was ARS 1,030,771 million compared to ARS 1,122,215 million a year ago. Net income was ARS 81,304 million compared to net loss of ARS 392,863 million a year ago. Basic earnings per share from continuing operations was ARS 37.8 compared to basic loss per share from continuing operations of ARS 182.4 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. 
