For 2007, the Telecom Argentina Group reported consolidated net revenues of P$9,074 million, up 23% vs. the previous year (“FY06”). The major revenue increase came from the cellular business with an expansion of 34% and from Internet businesses with a growth of 23%, both with respect to FY06. Some highlights:
- The cellular customer base reached 12.3 million (+28%)
- Broadband subscribers totaled 783,000 (+71%)
- Fixed lines in service increased by 3% to 4.2 million.
- Operating Profit before Depreciation and Amortization (“OPBDA”) reached P$3,052 million (+34% vs. FY06), equivalent to 34% of net revenues, mainly fueled by cellular telephony growth.
- Fixed telephony profitability continues weakening due to frozen tariffs and the inflation effect on the general cost structure.
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