Company: TCMFF
Filing Date: 2025-02-28
Form Type: 20-F
Source: 0001104659-25-019133
Chunk: 116

Company: TELECOM ARGENTINA SA
Filing Date: 2025-02-28
Form: 20-F
Item: Item 5
Chunk 116
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                                                  ​                                               (P$ million)
Total Cable television service revenues                                                                                                521,521      ​                   711,765
Components of service revenues not included in the ARPU calculation: connection and reconnection fees and others   ​                     (571)      ​                   (1,928)
Adjusted total service revenues included in the ARPU calculation                                                                       520,950      ​                   709,837
Average number of customers during the year (millions)                                                             3.2                              ​                       3.1
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Fixed and Data Services
Revenues generated by fixed and data services amounted to P$501,206 million in 2024 (representing 12.9% of our total consolidated services revenues) decreasing P$30,157 million or 5.7% as compared to P$531,363 million in 2023. The effect generated by the restatement in current currency as of December 31, 2024, included in fixed and data services revenues amounted to P$94,369 million and P$396,300 million in 2024 and 2023, respectively.
The decrease in fixed and data services in 2024 was mainly due to a decrease in ARPU, decreasing 1.1% as compared to 2023, and a decrease in the customer base of 7.6% compared to 2023, partially offset by the appreciation of data service subscriptions that are agreed in U.S. dollars.
The ARPU of fixed telephony services in Argentina decreased to P$9,053.4 in 2024 from P$9,157.2 in 2023. This decrease is mainly explained because, as a consequence of the 117.8% inflation in Argentina during 2024 the Company (and other competitors in the ICT industry) was unable to increase its prices during 2024 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$1,736.6 and P$7,068.9 as of December 31, 2024 and 2023, respectively). 
The customer base of fixed telephony services amounted to 2.7 million (of which 1.9 million are IP fixed telephony service base) in 2024, compared to 2.9 million in 2023. The customer base decreased mainly due to changes in the consumption behaviour of customers.
Other services