This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Telecom Argentina's CEO Discusses Q1 2011 Results - Earnings Call Transcript

Telecommunication services have benefited in this context, expense and increase in demand for Telecom goods and all orientation with [inaudible] Our cost structure suffered a reduced impact from it. On the fiscal front the banner seems stable, I word it as slightly improved taking into account the production in the use of unconventional resources like certain bank and National Pension Fund transfers to the treasury.

None the less, subsidiaries to the private sector continued growing particularly in sectors like energy and transport together with high transfers for social plans. Also despite government measures to limit imports these have been growing at a higher pace than expected. Yes, with increasing commodity prices we have benefitted Argentina with better terms of trade particularly in the first quarter trade surplus decreased by 10% when compared to the first quarter 2010.

In this challenging macroeconomic context our company has more than well performed in the quarter both in terms of business and operations as we will see during this conference call. After having gone through this introduction let me pass the call to Franco Bertone who will go over with the business highlights. Franco?

Franco Bertone

Thank you Pedro, and good morning everyone. First quarter 2011 delivered a strong results. We continue leading the mobile market retaining number one from net adds for the second year in a row capturing valuable customer and successfully developing the customer interest for mobile internet and other value added services.

As highlighted in slide five in this quarter our mobile ARPU increased 16% year-on-year, thanks to booming value added service revenue fostered by mobile internet, social networking and SMS. We introduced tablet devices in the market maintaining our innovation leadership.

Read the rest of this transcript for free on

3 of 3

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community


Chart of I:DJI
DOW 16,256.64 +198.29 1.23%
S&P 500 1,934.54 +20.69 1.08%
NASDAQ 4,700.4080 +64.3030 1.39%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs