Telecom Argentina S.A. announces consolidated results for 1H22, 2Q22

Telecom Argentina S.A. announced a net income of P$31,879 million for the period ended June 30, 2022 (+P$34,621 million vs. 1H21). The net income attributable to the controlling company was P$31,260 million (+P$34,548 million vs. 1H21).

Comparative figures for the previous fiscal year have been restated so that the resulting information is presented in the current measurement unit as of June 30, 2022.

The following table shows the evolution of the consumer price index (National CPI – according to INDEC’s official statistics) as of June 30, 2022 and as of December 31, 2021 and 2020, which were used to restate the figures in constant currency:

During the 1H22, Consolidated Revenues amounted to P$264,577 million, from which Service Revenues totaled P$247,527 million.

CT Bureau