Company: TCMFF
Filing Date: 2025-02-28
Form Type: 20-F
Source: 0001104659-25-019133
Chunk: 112

Company: TELECOM ARGENTINA SA
Filing Date: 2025-02-28
Form: 20-F
Item: Item 5
Chunk 112
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4% in 2024 (compared to a 1.8% average in 2023).
ARPU of Mobile Services in Argentina
A monthly operational measure used in the mobile services is ARPU, which we calculate by dividing adjusted total service revenues —excluding out collect wholesale roaming, cell site rental, reconnection fees revenues and others— (divided by 12 months) by the average number of customers during the period. ARPU is not a measure calculated in accordance with IFRS Accounting Standards and our measure of ARPU may not be calculated in the same manner as similarly titled measures used by other companies. Certain components of service revenues are excluded from Personal’s ARPU calculations presented in this Annual Report. Management believes this measure is helpful in assessing the development of the subscriber base of mobile services. The following table shows the reconciliation of total service revenues to such revenues included in the ARPU calculations of 2024 and 2023:

                                                                             ​                                                                                 ​              ​               ​                ​           
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​                                                                                                                                                                  Year ended December 31,          Year ended December 31,
​                                                                                                                                                              ​                      2024   ​                         2023
​                                                                                                                                                                                                              (P$ million)
Total Mobile service revenues                                                                                                                                  ​                 1,534,634   ​                    1,661,630
Components of service revenues not included in the ARPU calculation: out collect wholesale roaming, cell sites rental, reconnection fees revenues and others   ​                  (12,558)   ​                     (13,737)
Adjusted total service revenues included in the ARPU calculation                                                                                               ​                 1,522,076   ​                    1,647,893
Average number of customers during the year (millions)                                                                                                         ​                      21.3   ​                         20.6
​
Mobile services revenues generated in Paraguay amounted to P$144,700 million in 2024 (compared to P$144,832 million in 2023, representing a 0.1% decrease). This variation was mainly due to the decrease in Núcleo’s ARPU of 15.0%, partially offset by an increase of a 10.6% in the customer base.
Núcleo’s ARPU amounted to P$4,954.0 as of December 31, 2024 (compared to P$5,825.4 as of December 31, 2023). The decrease in ARPU was mainly due to the fact that we