阿根廷电信行业市场前景及投资研究报告-培训课件外文版2024.5移动联通

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01OverviewRevenuegeneratedbymobileoperatorsinLatinAmericafrom2021to2025(inbillionU.S.dollars)MobileoperatorsrevenueinLatinAmerica2021-2025807073.670.767.96560.36050403020100202120222023*2024*2025*3Description:In2022,revenuegeneratedbymobileoperatorsinLatinAmericaamountedto65billionU.S.dollars.Totalrevenueisexpectedtoreacharound74billiondollarsby2025.

ReadmoreNote(s):LAC;2021to2022;*ForecastReadmoreSource(s):GSMAIntelligenceEconomiccontributionofthemobiletelecommunicationsinLatinAmericafrom2021to2025,bytype(inbillionU.S.dollars)EconomicvalueforecastofmobiletelcoservicesinLatinAmerica2021-2025DirectIndirectProductivity40035030025020015010050280275275275270206520652060206020550202120222023*2024*2025*4/statistics/1285703/latam-economic-value-forecast-of-mobile-ecosystemThemobiletelecommunicationssector'scontributiontoeconomicgrowthinLatinAmericaisforecasttoincreasefrom345billioneurosin2021to365billionU.S.dollarsin2025.Productivityrevenueaccountsforthemajorityofthiseconomicvalue.

ReadmoreNote(s):LAC;2021to2022;*ForecastReadmoreSource(s):GSMAIntelligenceTelecommunicationsindustryrevenueinArgentinafrom2020to2022(inbillionArgentinepesos)TelecommunicationsindustryrevenueinArgentina2020-20221,000900800700600500939.04552.24442.2740030020010002020202120225Description:In2022,therevenueofthetelecommunicationsindustryinArgentinaamountedto939billionArgentinepesos,upfrom553billionArgentinepesosthepreviousyear.Thesefluctuatingnumberscanbeexplainedbythecountry'shigh-inflationeconomyinrecentyears.InJanuary2023,theArgentinianConsumerPriceIndex(CPI)was99percenthigherthantheoneregisteredthesamemonthofthepreviousyear.

ReadmoreNote(s):Argentina;2020to2022Source(s):CICOMRAMobiletelephonyrevenueinArgentinafrom2013to2022(inbillionArgentinepesos)MobiletelephonyrevenueinArgentina2013-2022600500400300200503.02457.53307.34231.88166.692018138.542017107.68201685.952015100072.61201458.5620132019202020212022*6Description:FromJanuarytoSeptember2022,themobiletelephonysectorinArgentinageneratedarevenueworth457.53billionArgentinepesos.Therevenuegeneratedinthefirstthreequartersof2022washigherthanthetotalrevenuerecordedin2020.Thesehighnumberscanbeexplainedbythecountry'shigh-inflationeconomyinrecentyears.InJanuary2023,theArgentinianConsumerPriceIndex(CPI)was99percenthigherthantheoneregisteredthesamemonthofthepreviousyear.

ReadmoreNote(s):Argentina;2013to2022Source(s):ENACOMFixed-linetelephonyrevenueinArgentinafrom2013to2022(inbillionArgentinepesos)Argentina:fixed-linetelephonyrevenue2013-202212010080104.9398.1173.0360.15604035.2720182201201614.12201512.32201410.93201320192020202120227Description:Thefixed-linktelephonysegmentinArgentinapeakeditsrevenuein2021,atnearly105billionArgentinepesos.FromJanuarytoSeptember,2022,therevenueofthefixed-linetelephonysegmentinArgentinaalreadyamountedtonearly100billionArgentinepesos.Thesehighnumberscanbeexplainedbythecountry'shigh-inflationeconomyinrecentyears.InJanuary2023,theArgentinianConsumerPriceIndex(CPI)was99percenthigherthantheoneregisteredthesamemonthofthe[...]

ReadmoreNote(s):Argentina;2013to2022;*RevenuefromJanuarytoSeptember,2022Thesourcedoesnotprovideapublicationdate.Thedateprovidedinthedateofaccess.

ReadmoreSource(s):ENACOMFixed-lineinternetrevenueinArgentinafrom2013to2022(inbillionArgentinepesos)Argentina:fixed-lineinternetrevenue2013-202220018016014012010080182.97163.38127.5986.7759.5420186039.6720174026.87201620.1113.6820142009.42013201520192020202120228Description:Thefixed-lineinternetrevenueinArgentinaincreasedovertheperiodunderreview,reaching163.38billionArgentinepesos.AsofSeptember2022,thefixed-lineinternetrevenueinArgentinaalreadyamountedtoalmost183billionArgentinepesos.Thesehighnumberscanbeexplainedbythecountry'shigh-inflationeconomyinrecentyears.InJanuary2023,theArgentinianConsumerPriceIndex(CPI)was99percenthigherthantheoneregisteredthesamemonthofthepreviousyear.

ReadmoreNote(s):Argentina,CentralandSouthAmerica;2013to2022;*AsofSeptember2022.FigurescalculatedbySource(s):ENACOMbasedondataprovidedbythesource.Datapriorto2014wasretrievedfromanearlierrelease.Thesourcedoesnotprovidea[...]

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02MobileNumberofmobiletelephonylinesinArgentinafrom1stquarter2013to3rdquarter2022(inmillions)NumberofmobilephonelinesinArgentina2013-202280706050403020100Q1

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'2210/statistics/799831/argentina-number-mobile-phone-linesThenumberofmobiletelephonylinesvariatedinArgentinaovertheperiodunderconsideration.Sincethethirdquarterof2020,thenumberofmobilelineshasbeenslowlyincreasing,amountingto59.71millionlinesbythethirdquarterof2022.

ReadmoreNote(s):Argentina;Q12013toQ32022;IncludingprepaidandpostpaidmobilephonelinesSource(s):ENACOMNumberofmobiletelephonylinesinArgentinafrom2014to2022,byaccesstype(inmillions)NumberofmobiletelephonylinesinArgentina2014-2022,byaccesstypePrepaidPostpaid706050403020100Q1

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2211Description:Inthethirdquarterof2023,thenumberofprepaidmobiletelephonylinesinArgentinaamountedtoaround53.46million,downfrommorethan56millionlinesin2016.Meanwhile,thepostpaidmobiletelephonyinthethirdquarterof2022amountedto6.24million,upfrom6.18millioninthebeginningoftheyear.ReadmoreNote(s):Argentina;Q12014toQ32022Source(s):ENACOMNumberofmobilecellularsubscriptionsper100inhabitantsinArgentinafrom2000to2022Mobile-cellularsubscriptionsper100inhabitantsinArgentina2000-20221801601401201008060402002000

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202212Description:In2022,therewerearound132.3mobilecellularsubscriptionsper100inhabitantsinArgentina,upfromaround121mobilesubscriptionsper100peoplein2020.Furthermore,accordingtothesource,over54.76millionmobilephonesubscriptionswereregisteredin2020inArgentina.ReadmoreNote(s):Argentina;2000to2022Source(s):ITU;WorldBankMedianmobileandfixedbroadbandinternetdownloadanduploadspeedsinArgentinaasofAugust2023(inMbps)Mobileandfixedbroadbandinternetdownload&uploadspeedinArgentina2023DownloadUpload8070605040302010068.6627.1126.077.68MobileFixedbroadband13/statistics/1175894/argentina-mobile-fixed-broadband-internet-download-upload-speedInAugust2023,fixedbroadbandinternetspeedinArgentinaexceededmobileintermsofdownloadanduploadspeeds.Inthatperiod,themedianfixedbroadbandinternetspeedfordownloadwas68.66Mbps,whiletheuploadspeedwas27.11Mbps.ReadmoreNote(s):Argentina;August2023Source(s):SpeedtestForecastnumberof5GmobileconnectionsinArgentinain2025and2030(inmillions)Argentina:forecastnumberof5Gmobileconnections2025-2030(inmillions)4035302520151034.75.7502025203014/statistics/1414951/forecast-number-of-5g-mobile-connections-in-argentinaAccordingtoa2023study,therewillbe5.7million5GmobileconnectionsinArgentinain2025.Thisnumberisexpectedtoincreaseto34.7million5Gmobileconnectionsby2030.5Gwirelessiscurrentlythemostadvancedmobilebroadbandtechnology.ReadmoreNote(s):Argentina,CentralandSouthAmerica;2023Source(s):GSMA;GSMAIntelligenceCHAPTER

03Fixed-lineNumberoffixedtelephonylinesinArgentinafrom1stquarter2014to3rdquarter2022(inmillions)NumberoffixedphonelinesinArgentina2014-202212108642016Description:Asofthethirdquarterof2022,Argentinahadover7.5millionfixedtelephonylines,makingitoneofthelowestvaluesrecordedovertheperiodunderconsideration.Bycontrast,Argentinaended2017withover10millionfixedtelephonylines.

ReadmoreNote(s):Q12014toQ32022;Includingresidential,commercial,govenrmental,andotherlandlinesSource(s):ENACOMNumberoffixedtelephonesubscriptionsper100inhabitantsinArgentinafrom2000to2022Numberoffixedtelephonesubscriptionsper100inhabitantsArgentina2000-20223025201510502000

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202217Description:In2022,therewere16.73fixed-linetelephonesubscriptionsper100inhabitantsinArgentina,whichtranslatedinto7.62millionsubscriptions.ReadmoreNote(s):Argentina;2000to2022Source(s):ITUNumberoffixed-lineinternetsubscriptionsinArgentinafrom1stquarter2014to3rdquarter2022(inmillions)NumberoffixedinternetsubscriptionsinArgentina2013-2022121086420Q1

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'2218Description:ThenumberoffixedinternetsubscriptionsinArgentinahadasteadyincreasefrom2014to2022.Asofthe3rdquarterof2022,thenumberofsubscriptionspeakedatover11million.

ReadmoreNote(s):Argentina,CentralandSouthAmerica;Q12014toQ32022Source(s):ENACOMNumberoffixed-lineinternetsubscriptionsinArgentinafrom1stquarter2014to3rdquarter2022,bytype(in1,000s)NumberoffixedinternetsubscriptionsinArgentina2014-2022,bytypeBroadbandDial-up12,00010,0008,0006,0004,0002,0000Q1

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'2219Description:Sincethethirdquarterof2022,therehavebeenover11millionbroadbandfixed-lineinternetsubscriptionsinArgentina.Thenumberofdial-upconnectionshasalsoincreasedto12.86thousandconnectionsinthefourthquarterof2021,beforedecreasingslightlyto12.43thousandconnectionsinthethirdquarterof2022.ReadmoreNote(s):Argentina,CentralandSouthAmerica;Q12014toQ32022Source(s):ENACOMCHAPTER

04CompaniesRevenuegeneratedbyAméricaMóvilin2022,byregion(inbillionMexicanpesos)AméricaMóvilrevenue2022,byregionValueinbillionMexicanpesos100

1500MexicowirelessBrazil50200250300245.9170.9Europe106MexicofixedColombia10071.3AndeanRegionCentralAmericaCaribbean55.547.242.7138.72SouthernCone21Description:In2022,MexicowasthelargestmarketforAméricaMóvil,generatingnearly246billionMexicanpesosinrevenuewithwirelessoperationsandalmost100billionpesoswithfixed-lineoperations.Brazilfollowedwitharound171billionpesos.

ReadmoreNote(s):Worldwide;2022Source(s):AméricaMóvilRevenuegeneratedbyTelefónicainLatinAmericafrom2018to2022(inbillioneuros)RevenuegeneratedbyTelefónicainLatinAmerica2018-20222520.0719.69201510518.0115.3415.2702018201920202021202222Description:In2022,therevenueofTelefónica,S.A.inLatinAmericaamountedto18billioneuros.Thisrepresentedanincreasecomparedto2021andthehighestrevenuerecordedsince2019.Theresultsrefertothegroup'soperationsinArgentina,Brazil,Chile,Colombia,Ecuador,Mexico,Peru,Venezuela,andUruguay.OnDecember31,2019,TelefónicaCostaRicaandTelefónicaMóvilesElSalvadorwereclassifiedasheldforsale.Thecompanystandsamongtheleadingtelecommunication[...]

ReadmoreNote(s):LAC;2014to2022;ExcludesoperationsinCentralAmericaSource(s):TelefónicaLTEpenetrationrateamongTelefónicamobileaccessesinLatinAmericafrom2021to2022,bycountryTelefónicaLTEpenetrationinLatinAmerica2021-2022,bycountry20212022100%92.3%91.8%91.3%91%90.5%89.2%88.1%90%80%70%60%50%40%30%20%10%0%85.1%86.1%85.9%83.1%79.7%PeruArgentinaChileBrazilColombiaMexico23/statistics/1147637/latin-america-telefonica-lte-penetrationIn2022,over92percentofmobileaccessesprovidedbyTelefónicainPeruworkedwiththeLTEtechnology.Thatwasthehighestresultamongthecountrieswherethecompanyoperates.ThelowestsharewasreportedinMexico,at85.9percent.

ReadmoreNote(s):LAC;2021to2022Source(s):TelefónicaLeadingwirelessoperatorsinArgentinain4thquarter2022,bymarketshareMainwirelessoperatorsinArgentina2022,bymarketshare45%40%40%35%30%25%20%15%10%5%34%27%0%Claro(AmericaMóvil)TelecomPersonal(TelecomArgentina)Movistar(Telefonica)24Description:Inthefourthquarterof2022,Claro-amobilephonecompanyownedbyAméricaMóvil-concentrated40percentofallwirelesssubscriptionsinArgentina.TelecomArgentina`sPersonalandTelefónica`sMovistarfollowedwith34and27percentofmarketshare,respectively.ReadmoreNote(s):Argentina;Q42022Source(s):AmericanTower;VarioussourcesCHAPTER

05Specialfocus:TelecomArgentinaRevenuegeneratedbyTelecomArgentinafrom2020to2022(inbillionArgentinepesos)TelecomArgentinarevenue2020-20221,000886.769008007006005004003002001000828.83729.1820202021202226Description:In2022,TelecomArgentinagenerated729.18billionArgentinepesosinrevenue,correspondingtoapproximately4.12billionU.S.dollarsasofDecember2022.Thisrepresentedadecreasecompared2021and2020,whenrevenuereachedalmost829billionArgentinepesos(8.1billionU.S.dollars)and827billionArgentinepesos(10.5billionU.S.dollars),respectively.Theselargenumberscanbeexplainedbythecountry'shigh-inflationeconomyinrecentyears.InJanuary2023,the[...]

ReadmoreNote(s):Argentina;2020to2022;RestatedinthecurrentcurrencyasofDecember31,2022,toconsidertheeffectofinflationSource(s):TelecomArgentinaRevenuegeneratedbyTelecomArgentinawithmobileservicesfrom2021to2022(inbillionArgentinepesos)TelecomArgentina:mobileservicesrevenue2021-2022350313.87293.113002502001501005002021202227Description:In2022,TelecomArgentinageneratedover293billionArgentinepesoswithmobileservices.Thecompany'stotalrevenueamountedtoover729billionpesos.Thesehighnumberscanbeexplainedbythecountry'shigh-inflationeconomyinrecentyears.TelecomArgentinaisoneofthelargesttelecommunicationprovidersinLatinAmerica.ReadmoreNote(s):Argentina;2021to2022Source(s):TelecomArgentinaRevenuegeneratedbyTelecomArgentinawithfixed-linetelephonyanddataservicesfrom2021to2022(inbillionArgentinepesos)TelecomArgentina:fixed-linetelephonyrevenue2021-2022140120100806040200114.7989.022021202228Description:In2022,TelecomArgentinageneratedover89billionArgentinepesosinrevenuewithfixed-linetelephonyanddataservices.Thecompany'stotalrevenueamountedtoover729billionpesos.TelecomArgentinaisoneofthelargesttelecommunicationprovidersinLatinAmerica.ReadmoreNote(s):Argentina;2021to2022Source(s):TelecomArgentinaRevenuegeneratedbyTelecomArgentinawithinternetservicesfrom2021to2022(inbillionArgentinepesos)TelecomArgentina:internetservicesrevenue2021-2022200176.8118016014012010080161.7460402002021202229Description:ThisstatisticshowstherevenuegeneratedbyTelecomArgentinawithinternetservicesfrom2021to2022.In2022,thetelecommunicationsprovidergeneratedover161billionArgentinepesoswithinternetservices,downfromapproximately176billionpesosinthepreviousyear.Theselargenumberscanbeexplainedbythecountry'shigh-inflationeconomyinrecentyears.InJanuary2023,theArgentinianConsumerPriceIndex(CPI)was99percenthigherthantheoneregisteredthesame[...]

ReadmoreNote(s):Argentina;2021to2022Source(s):TelecomArgentinaNumberofmobilesubscribersofTelecomArgentinafrom2017to2021(inmillions)TelecomArgentina:numberofmobilesubscribers2017-20212522.1521.2620.720.6520.1320.242015105020172018201920202021202230Description:TelecomArgentinaisoneofthelargesttelecommunicationprovidersinLatinAmerica.In2022,TelecomArgentinahadslightlyover20millionmobilesubscribers.ReadmoreNote(s):Argentina;2017to2022Source(s):TelecomArgentinaCHAPTER

06ConsumptionMobileinternetusagepenetrationinArgentinafrom2019to2028MobileinternetusagereachinArgentina2019-2028100%87.99%87.07%90%80%70%60%50%40%30%20%10%0%86.05%84.9%83.61%82.13%80.42%78.36%75.76%72.26%201920202021202220232024202520262027202832Description:ThepopulationsharewithmobileinternetaccessinArgentinawasforecasttocontinuouslyincreasebetween2024and2028byintotal5.9percentagepoints.Aftertheninthconsecutiveincreasingyear,themobileinternetpenetrationisestimatedtoreach87.99percentandthereforeanewpeakin2028.Notably,thepopulationsharewithmobileinternetaccessofwascontinuouslyincreasingoverthepastyears.

ReadmoreNote(s):Argentina;2019to2028;*ForecastReadmoreSource(s):ShareofwebtrafficinArgentinainDecember2023,bydeviceArgentina:webtrafficshare2023,bydevice70%62.68%60%50%40%30%20%10%0%36.63%0.62%Tablet0.06%MobileDesktopConsole33Description:InAugust2023,approximately63percentofthewebtrafficinArgentinaoriginatedfrommobilephones.Ontheotherhand,over36percentofthecountry'swebtrafficcamefromdesktopcomputers.Furthermore,itwasbeenprojectedthatover87percentofArgentina'spopulationwillhaveaccesstotheinternetby2023.ReadmoreNote(s):Argentina;August2023;ba