Company: TCMFF
Filing Date: 2025-02-28
Form Type: 20-F
Source: 0001104659-25-019133
Chunk: 134

Company: TELECOM ARGENTINA SA
Filing Date: 2025-02-28
Form: 20-F
Item: Item 5
Chunk 134
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 helpful in assessing the development of the subscriber base of cable television services. The following table shows the reconciliation of total cable television service revenues to such revenues included in the ARPU calculations of 2023 and 2022:
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                                 ​                                     ​              ​               ​               ​           
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​                                                                          Year ended December 31,         Year ended December 31,
​                                                                      ​                      2023   ​     2022                   
​                                                                      ​                                               (P$million)
Total Cable television service revenues                                ​                   711,765         1,048,874              
Components of service revenues not included in the ARPU calculation:   ​                   (1,928)   ​     -                      
connection and reconnection fees and others                                                                                       
Adjusted total service revenues included in the ARPU calculation       ​                   709,837   ​     1,048,874              
Average number of customers during the year (millions)                 ​                       3.2   ​     4.2                    
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Fixed and Data Services
Revenues generated by fixed and data services amounted to P$531,363 million in 2023 (representing 12.8% of our total consolidated services revenues) decreasing P$72,330 million or 12.0% as compared to P$603,693 million in 2022. The effect generated by the restatement in current currency as of December 31, 2024, included in fixed and data services revenues amounted to P$396,300 million and P$538,389 million in 2023 and 2022, respectively.
The decrease in fixed and data services in 2023 was mainly due to a decrease in ARPU, decreasing 6.5% as compared to 2022, and a decrease in the customer base of 4.0% compared to 2022.
The ARPU of fixed telephony services in Argentina decreased to P$9,157.2 in 2023 from P$9,798.9 in 2022. This decrease is mainly explained because, as a consequence of the 211.4% inflation in Argentina during 2023 the Company (and other competitors in the ICT industry) was unable to increase its prices during 2023 to the same extent as the increase in inflation (the effect generated by the restatement in current currency as of December 31, 2024 included in ARPU amounts to P$7,068.9 and P$8,795.3 as of