Investor Presentaiton
Telecom Italia Conference Call
2010 Results & Plan Update
Telecom Argentina - Main Takeaways
Market
Growth
Competitive
Edge
Convergence
Business
Model
▸ Mobile business
▸ Fixed BB
▸ Mobile BB
▸ ICT and Data
▸ Focus on innovation and
customer care
‣ State-of-the-art
infrastructure
▸ Top-brand recognition
▸ OTT and Video
▸ Fully integrated operation
▸ CAPEX & OPEX efficiency gains from Proven track record of
integrated operations
sustainable growth in
▸ Convergent view on product
development
Ebitda-Capex Evolution
revenues, margins and market
share
▸ Strong cash flow generation
▸ Reduced FX exposure
ARS, BIn
Ebitda
>5.5
4.8
4.2
2.6
~3.2
Capex
2.2
2009
2010
2011
2012
2018
TELECOM
ITALIA
FRANCO BERTONE
Cum'11-13
OFCF:
>7 Bin ARS
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