Company: TCMFF
Filing Date: 2025-02-28
Form Type: 20-F
Source: 0001104659-25-019133
Chunk: 130

Company: TELECOM ARGENTINA SA
Filing Date: 2025-02-28
Form: 20-F
Item: Item 5
Chunk 130
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 the ARPU calculations of 2023 and 2022:
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​                                                                                                                                                                  Year ended December 31,          Year ended December 31,  
​                                                                                                                                                              ​   2023                        ​    2022                     
​                                                                                                                                                                  (P$million)                                               
Total Mobile service revenues                                                                                                                                  ​   ​               1,661,630        ​               1,817,631
Components of service revenues not included in the ARPU calculation: out collect wholesale roaming, cell sites rental, reconnection fees revenues and others   ​   ​                (13,737)   ​    ​                (14,540)
Adjusted total service revenues included in the ARPU calculation                                                                                               ​   ​               1,647,893   ​    ​               1,803,091
Average number of customers during the year (millions)                                                                                                         ​   ​                    20.6   ​    ​                    20.1
​
Mobile services revenues generated in Paraguay amounted to P$144,832 million in 2023 (compared to P$170,056 million in 2022, representing a 14.8% decrease). The decrease was mainly due to the 3.8% decrease in Núcleo’s ARPU.
Núcleo’s ARPU amounted to P$5,825.4 as of December 31, 2023 (compared to P$6,057.7 as of December 31, 2022), representing a 3.8% decrease. The decrease in ARPU was mainly due to the fact that we granted greater discounts to customers in order to maintain the customer base, considering the intense competition.
Núcleo’s customer base remained stable amounting to 2.3 million customers as of December 31, 2023. Out of the total mobile customers as of December 31, 2023, 76% were prepaid customers and 24% were postpaid customers, whereas as of December 31, 2022, 79% were prepaid customers, and 21% were postpaid customers. Additionally, the average churn rate per month amounted to 2.9% and 3.3% in 2023 and 2022, respectively.
Internet Services
Internet services revenues amounted to P$979,727 million in 2023 (equivalent to 23.6%