Telecom Argentina cable TV subscribers stable at 3.5 million

BUENOS AIRES, Argentina — Telecom Argentina S.A. (NYSE: TEO; BASE: TECO2) announced today its results for the period ended June 30, 2021.

Cable TV Services

Cable TV service revenues reached P$35,665 million in 1H21 (-P$3,923 million vs. 1H20). Cable TV subscribers totaled more than 3.5 million (+20.2 thousand vs.1Q21). Moreover, the monthly Cable TV ARPU (restated in constant currency as of June 30, 2021) reached P$1,586.9 during 1H21 (vs P$1,885.5 in 1H20). The effect generated by the restatement in terms of the measuring unit as of June 30, 2021 included in the ARPU amounts to P$93.1 and P$690.5, for the 1H21 and 1H20, respectively. Additionally, the average monthly churn during 1H21 and 1H20 was 1.0%.

                                           IAS 29   IAS 29
                                            As of    As of
                                         June 30,  June 30
                                             2021     2020        Δ      Δ%
                                         --------  -------  -------  ------
Pay TV Suscribers (in thousand)             3,545    3,500       45    1.3%
Average Revenue per user (ARPU) Cable TV
  (in P$ - Restated by inflation)         1,586.9  1,885.5  (298.6)  (15.8%)

During the second quarter, the Company continued its plan to consolidate its entertainment platform, developing new content and providing customers a top tier cross-platform experience.

The Company continued to consolidate Esports as a trend to develop the local consumption of entertainment. In April, the Torneo Apertura of the Liga Master and the Unity League Flow was broadcasted live.

Telecom Argentina TV Offerings