Welcome to our dedicated page for Telecom Argentina Sa news (Ticker: TCMFF), a resource for investors and traders seeking the latest updates and insights on Telecom Argentina Sa stock.
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Telecom Argentina reported a net loss of P$163,498 million for the first nine months of 2022, significantly down from a profit of P$1,876 million in 2021. Consolidated revenues decreased by 12.2% to P$470,960 million, with service revenues at P$440,369 million.
Key metrics included a decrease in operating income before D&A by 22.6% and a goodwill impairment of P$207,940 million due to market conditions.
Mobile clients increased by 0.5 million, while broadband accesses fell by 30,000. Investments totaled P$85,664 million, equating to 18.2% of consolidated revenues.
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