Convergence works for Telecom-Cablevisión | Major Businesses | Business
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In the first financial statement released after the merger with Cablevisión, Telecom Argentina has reported notable growth in revenue and pay-TV ARPU.

cablevision flow 15 may 2018The only convergent player in the country announced net income of $151 million for the first quarter of 2018. The figure means a 17.5% increase compared to Q1 2017.

“Consolidated revenues increased by 27.3% to $1.33 billion, mainly driven by Internet, mobile and cable TV services,” pointed out the telco.

In fact, cable TV service revenues amounted to nearly $290 million, a 34.3% more than in the same period of 2017. According to the company, this increase is mainly due to an up selling of value added services combined with price modifications. Total cable subscribers reached 3.5 million, while the cable TV ARPU amounted to $27.5, rising by 37.4%.

“During the first months of the year, Cablevisión continued to add exclusive content to its on-demand content grid [...] In addition, Cablevisión Flow, the innovative product that evolved the way of watching television and updated our offer in pay-TV business, made the first platform upgrade in March,” claimed the company. “The upgrade was focused optimising the user experience in navigation and simplification, clarity, and accessibility to content.”