Convergencialatina
Friday, May 10, 2019

Telefonica's net profit increased 10.6% despite a decrease in revenues due to depreciation of the Argentine peso and the Brazilian real

The Spanish operator reported a net profit of € 926 million between January and March. Revenues totaled € 11.979 billion: in organic terms this implies a 3.8% increase but in reported terms there was a 1.7% decrease due to variations in exchange rates, especially in the two Latin American countries. The Brazilian operation showed a 5.2% decrease in revenues, that of Hispam Sur (Chile, Argentina, Peru and Uruguay), of 12.1%, and that of Hispam Norte (Colombia, Mexico, Central America, Ecuador and Venezuela), continued stable.

Telefónica recorded revenues of € 11b979 million in the first quarter, which implies a 1.7% year-on-year decrease, due to the depreciation of currencies, as highlighted by the company's report, in Argentina and Brazil, against the euro. In organic terms, revenues increased 3.8% thanks to an improvement in service revenues (+2.6%) and terminal sales (+15.6).

Read full article

MORE ANALYSIS

Regional · Submarine Cables · Terrestrial Backbones · Economy · Politics16/07/2019

Bolivia seeks to end its Mediterranean condition through Peru

The next enabling of its connection with the submarine cables of the Pacific is the first step. The use of the Peruvian port of Ilo and the bioceanic train project are also advancing. China sounds like one of the investors interested in the construction of the railway section, which would link the Brazilian coast with the Peruvian coast by 2030, with an estimated investment of US$14 billion. Meanwhile, state-owned Entel Bolivia is venturing into the supply of services in southern Peru.

Costa Rica · Operators09/07/2019

Customer experience and digital transformation, axes of ICE plan to overcome crisis

Strategy 4.0 presented by the Instituto Costarricense de Electricidad (ICE) sets a roadmap for the period 2019-2023. It received harsh criticism and doubts about its transparency. ICE losses during 2018 amounted to US$437 million.

Perú · Fixed Broadband · Regulation · Politics · Spectrum30/05/2019

Under-utilization of backbone network and spectrum rearrangement mark MTC agenda

Currently, only 10% of the optical fiber network is used, complicating the goal of reaching 60% of localities with more than 100 inhabitants with fixed or mobile Internet access by 202. In the meantime, a real "Mhz by Mhz fight" is being experienced with the operators for the proposals of frequency rearranging.

Argentina · Fixed Broadband28/05/2019

Davitel deploys 100 kilometers of fiber optics to provide Internet and ICT to Vaca Muerta

Mario Carranza, president of Davitel, confirmed that they will begin offering services in July, after the completion of the installation in Añelo, in the province of Neuquén. There Vaca Muerta, one of Argentina's largest reserves of unconventional gas and oil is located.

Chile · Fixed Broadband · Terrestrial Backbones21/05/2019

Silica Networks to build the last stretches of the Austral Fiber Optic

The Subtel (Undersecretary of Telecommunications of Chile) awarded Silica Networks, belonging to the Datco Group of Argentina, the construction of the deployment of the last two terrestrial trunks (Aysén and Los Lagos) of the Austral Fibra Óptica (FOA) project. The subsidy allocated for the Aysén project was US$ 6.188,470 and for the Los Lagos project US$ 2.608,510.

List all analysis

A DIARIO LATINO 20-08-2019

Argentina · Politics · Spectrum 19/08/2019

Deputies ask to suspend the frequency assignment

Costa Rica · Operators 19/08/2019

ICE reduced losses in the first quarter of the year

Estados Unidos · Economy · Politics · Equipment Providers and Network Solutions 19/08/2019

The United States extends Huawei’s exemptions for 90 days

Brasil · Regulation · Operators 19/08/2019

Euler de Morais denies that Anatel evaluates intervening Oi

List all news