Telecom Argentna Stock Price, News & Analysis

Cablevisión Holding S.A. (BCBA:CVH; LSE:CVH), the controlling shareholder of Telecom Argentina S.A. (NYSE:TEO), reported its 2021 financial results showing a 6.5% decline in total revenues to Ps. 425,493 million compared to 2020. The decrease is attributed mainly to lower earnings from fixed telephony, mobile, cable TV, and internet services, with inflation rising 50.9% over the same period. EBITDA fell 14.5% to Ps. 132,482 million, resulting in a lower EBITDA margin of 31.1%. Consolidated net income was Ps. 10,252 million, showing a significant improvement from a loss in the previous year.

Telecom Argentina reported a net income of P$9,940 million for FY21, recovering from a loss of P$8,626 million in FY20. Consolidated revenues were P$425,493 million, down 6.5% year-over-year, with service revenues at P$395,697 million (-7.7%). Mobile users increased by 1.7 million to 20.1 million, while broadband accesses rose by 89,000 to 4.2 million. However, operating income fell 14.5% to P$132,767 million. The company reduced net financial debt by 11.2% to P$236,286 million, emphasizing operational resilience amidst inflationary pressures.

Telecom Argentina (NYSE: TEO) reported a net income of P$1,025 million for the nine months ended September 30, 2021. Service revenues decreased by 9.4% in constant currency, totaling P$272,173 million. Operating income plummeted 96% year-over-year to P$1,185 million, while net financial debt decreased 6.8% to P$223,416 million. Mobile clients reached 19.5 million, and broadband accesses were nearly 4.2 million. Despite these challenges, the company aims to improve financial inclusion through its new fintech service, Personal Pay.

Telecom Argentina reported a net loss of P$1,672 million for 1H21, with consolidated revenues of P$180,018 million, a decline of 8.6% year-over-year. Service revenues decreased to P$167,085 million (-10.8% in constant currency). Operating income fell by 75.6% to P$5,305 million, while net financial debt decreased by 13.7% to P$189,342 million. Investments rose by 22.0% to P$41,705 million, representing 23.2% of revenues. Key metrics include 19.3 million mobile clients and 4.2 million broadband accesses. The company plans a shareholder meeting on August 11, 2021, regarding potential dividend distributions.

Telecom Argentina reported a strong net income of P$9,012 million for 1Q21, up 139.2% year-over-year, despite real terms service revenue declining by 9.2% to P$77,116 million amid high inflation of 42.6%. Operating income fell 34.5% to P$5,387 million, impacted by strict cost controls, while net financial gains reached P$6,771 million due to favorable FX differences. The company invested P$19,522 million, representing 23.6% of revenues, focusing on service expansion and network improvements.

Telecom Argentina (NYSE: TEO) has submitted its 2020 Annual Report on Form 20-F to the SEC, detailing its audited financial statements for the fiscal year ending December 31, 2020. This report is available for download on the Company's website and the SEC's portal. As of December 31, 2020, Telecom Argentina had 2,153,688,011 shares issued. The Company, a key player in Argentina's telecommunications sector, offers various services including fixed-line telephony, mobile, and internet services. Shareholders can request a hard copy of the Form 20-F free of charge.

Telecom Argentina reported a net loss of P$5,104 million for FY20, a 3.6% improvement from FY19. Consolidated revenues fell to P$301,596 million, reflecting a 6.5% decline. Service revenues decreased by 6.3% in real terms, with mobile subscribers down to 18.4 million. Operating income before depreciation and amortization decreased 2.0% to P$102,888 million. Investments dropped by 30.8% to P$66,750 million, comprising 22.1% of consolidated revenues. The company also announced a pricing increase of 20% effective January 2021, following a court ruling that suspended prior price regulations.

Telecom Argentina (TEO) reported a Net Loss of P$1,249 million for 9M20, a 92.8% improvement year-over-year. Consolidated Revenues were P$208,220 million, down 4.6% from 9M19, driven by a 3.6% decline in Service Revenues to P$197,044 million. The subscriber base saw a slight drop in mobile clients, totaling 18.7 million, while cable TV subscribers rose by 2.0% to 3.6 million. Operating Income before Depreciation and Amortization increased by 2.4%, reaching P$74,455 million. Net Financial Debt decreased 8.0% to P$132,450 million.

Telecom Argentina reported a Net Income of P$1,961 million for 1H20, marking a 79.6% decline compared to 1H19, primarily due to foreign exchange losses.

The Consolidated Revenues stood at P$131,158 million, a 3.0% drop year-over-year, while Operating Income before D&A improved by 5.3% to P$47,852 million. Investments decreased by 33.9% to P$22,766 million, representing 17.4% of revenues.

Mobile subscribers slightly decreased to 18.8 million, but broadband accesses grew slightly. Financial Debt increased by 21.9% to P$131,032 million.