The following is a summary of the Telecom Argentina S.A. (TEO) Q4 2023 Earnings Call Transcript:

Financial Performance:

• In 2023, Telecom Argentina revenues grew by 110% reaching over ARS1.1 trillion. However, due to the inflation rate, revenues showed a decrease of 9% in real terms compared to 2022.

• The company's EBITDA margin improved to 29.1% as a result of cost management and inflation pass-through to revenues.

• The net loss of ARS249 billion was reported, mainly due to the devaluation of the peso affecting their foreign currency debt.

• Telecom Argentina's total debt as of December 2023 was over $2.5 billion and a successful issue of local notes worth $480 million was made.

• Despite a challenging environment, the company generated a free cash flow of around $400 million before dividends and interest.

Business Progress:

• In the face of a competitive environment and economic challenges in Argentina, Telecom Argentina managed to stablize and maintain its customer base in fixed and mobile segments.

• The company successfully expanded its FTTH technology and mobile network, as well as the ongoing development of 5G technologies.

• Investments were mainly focused on improving the access network, acquiring 5G spectrum, improving remote setup capacity, and maintaining customer premise equipment.

• Their FinTech, Personal Pay, has over 2 million onboarded clients becoming the second largest player in terms of account balances held by clients.

• Growth was seen across other areas like mobile data usage, and in the pay TV business particularly in Paraguay.

More details: Telecom Argentina IR

Tips: For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.