Telecom Argentina adds 16,000 cable TV subscribers in 3Q 2021

BUENOS AIRES, Argentina — Telecom Argentina S.A. announces consolidated results for the nine month period (“9M21”) and third quarter of fiscal year 2021 (“3Q21”).

Cable TV Services

Cable TV service revenues reached P$57,433 million in 9M21 (-P$4,707 million vs. 9M20). Cable TV subscribers totaled approximately 3.6 million (+16 thousand vs.2Q21). Moreover, the monthly Cable TV ARPU (restated in constant currency as of September 30, 2021) reached P$1,749.2 during 9M21 (vs P$1,959.7 in 9M20). The effect generated by the restatement in terms of the measuring unit as of September 30, 2021 included in the ARPU amounts to P$211.5 and P$789.1, for the 9M21 and 9M20, respectively. Additionally, the average monthly churn during 9M21 and 9M20 was 1.1% and 0.9%, respectively.

During the third quarter of the year, the strategy to close alliances with OTT platforms in order to integrate them to Flow continued. Paramount+, Star+ and Amazon Prime Video were incorporated to Flow’s integrated applications offer.

                                          As of          As of
                                  September 30,  September 30,
                                           2021           2020    Δ    Δ % 
                                  -------------  -------------  ---  -----
Pay TV Subscribers (in thousand)          3,561          3,568  (7)  -0.2%