Telecom Argentina cable TV subscribers stable at 3.5 million

Saturday, August 7th, 2021 
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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

Type of Service Cable television and Content Platform
Brand Cablevisión, Flow
Products and Services Cable television service, which includes the multidevice platform Flow.
Television, series, and on demand movies (FLOW).
Operation of cable television networks installed in different locations of Argentina and Uruguay. Tuves Paraguay S.A. holds a license for the provision of direct-to-home distribution audio and television services in Paraguay.


Links: Telecom Argentina