Friday, May 11, 2007

Telecom Argentina sees operating margin rising

(Reuters) - On the call to discuss the quarterly report, Chief Financial Officer Valerio Cavallo said improvements in the cellular business offset by a gradual decrease in the fixed- line segment meant that, by year's end, "we should be seeing 20 percent operating margin."

Telecom Argentina, which has about 30 percent of the Argentine mobile phone market, reported first-quarter net profit soared to 135 million pesos , compared with 3 million pesos a year earlier, as the company completes a recovery from the country's deep economic crisis in 2001-02.


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