logo
Share SHARE
FONT-SIZE Plus   Neg

Telecom Argentina Q1 Profit Rises

Argentina's telecommunications company Telecom Argentina S A (TEO) announced a net Income of P$708 million for the first-quarter ended March 31, 2012, up 11% from the same period last year, due to a higher Operating Profit and positive financial results. Net income attributable to Telecom Argentina amounted to P$698 million, up 10% from last year.

Consolidated Revenues for the quarter increased by 24% to P$5.126 billion from the prior year quarter, mainly fueled by the Mobile Services and Broadband businesses.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
Anthony Levandowski, the head of Uber's self-driving division, is stepping away from his role as Uber continues a legal battle with Waymo, Levandowski's former employer. Levandowski, who founded startup Otto, became head of Uber's Advanced Technologies Group or ATG after Otto was acquired by Uber in August 2016. Southwest Airlines Co. has decided to end the practice of overbooking flights, the airline's CEO Gary Kelly said Thursday. The airline's plan to end overbooking could be implemented from May 8, according to a Southwest spokeswoman. Shares of Electrolux AB were gaining around 5 percent in the trading in Sweden after the home appliances giant reported higher profit and sales in its first quarter. President and CEO Jonas Samuelson said, "We will continue to drive profitable growth by creating best-in-class consumer experiences which are supported by innovation and operational excellence."
comments powered by Disqus
Follow RTT