Telecom Argentina S.A. Announces Consolidated Earnings Results for the Quarter and Nine Months Ended September 30, 2020
November 12, 2020 at 08:10 am EST
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Telecom Argentina S.A. announced consolidated earnings results for the quarter and nine months ended September 30, 2020. For the quarter Revenues were ARS 67,022 million compared to ARS 72,555 million a year ago. Operating income was ARS 3,793 million compared to ARS 5,289 million a year ago. Net loss for the period was ARS 3,360 million compared to ARS 27,688 million a year ago. Loss per share attributable to Controlling Company - Basic and diluted was ARS 1.64 pesos compared to ARS 12.92 pesos a year ago.
For the nine months Loss per share attributable to Controlling Company - Basic and diluted was ARS 0.76 pesos compared to ARS 8.21 pesos.
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. 
