Home » Health » Telecom suffered a loss of more than $160 billion in the third quarter

Telecom suffered a loss of more than $160 billion in the third quarter

by Alexandra Hartman Editor-in-Chief

following the ads, Telecom Argentina shares on Wall Street fell 0.5%.

On the other hand, local mobile customers rose to 20 million year-on-yearcable television subscribers reached 3.5 million and broadband accesses were 4.2 million.

In the nine month period, operating profit before depreciation and amortization was $135,138 million22.6% less year on year, generating a margin on sales of 28.7%.

Likewise, the net loss was $163,498 million once morest a profit of $1,876 million in the same period of 2021. In this case, the reason was a devaluation of goodwill generated mainly by the merger between Telecom and Cablevisión in January 2018 for $207,940 million.

Finally, investments grew to $85,664 millionrepresenting 18.2% of total sales, while net financial debt fell from last year by 11.8% to $360,531 million.

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