In the fourth quarter of 2023, Claro – a mobile phone company owned by América Móvil – concentrated nearly 40 percent of all wireless subscriptions in Argentina. Telecom Argentina’s Personal and Telefónica’s Movistar followed with 33 and 28 percent of market share, respectively.
Small screens, big players
The holdings behind the three brands presented stand among the leading telecommunication providers in Latin America and the Caribbean. Altogether, América Móvil, Telefónica, and Telecom Argentina generated around 62 billion U.S. dollars in revenue in the region in 2023. That year, the revenue of Carlos Slim’s group added up to nearly 23 billion dollars in the Southern Cone alone, which, by América Móvil’s accounts, include Argentina, Chile, Paraguay, and Uruguay.
Argentine mobile market on the rise
It was forecast that, in 2024, there will be over 41 million smartphone users in Argentina. This number was projected to surpass 45 million by 2029. There is still room for growth within this segment, however. It was estimated that just over 97 percent of the Argentine population used smartphones as of 2024, which suggests that the mobile market remains set to expand in that South American country.
Leading wireless operators in Argentina in 4th quarter 2023, by market share
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American Tower. (April 18, 2024). Leading wireless operators in Argentina in 4th quarter 2023, by market share [Graph]. In Statista. Retrieved July 27, 2024, from https://www.statista.com/statistics/488707/mobile-market-share-argentina-by-provider/
American Tower. "Leading wireless operators in Argentina in 4th quarter 2023, by market share." Chart. April 18, 2024. Statista. Accessed July 27, 2024. https://www.statista.com/statistics/488707/mobile-market-share-argentina-by-provider/
American Tower. (2024). Leading wireless operators in Argentina in 4th quarter 2023, by market share. Statista. Statista Inc.. Accessed: July 27, 2024. https://www.statista.com/statistics/488707/mobile-market-share-argentina-by-provider/
American Tower. "Leading Wireless Operators in Argentina in 4th Quarter 2023, by Market Share." Statista, Statista Inc., 18 Apr 2024, https://www.statista.com/statistics/488707/mobile-market-share-argentina-by-provider/
American Tower, Leading wireless operators in Argentina in 4th quarter 2023, by market share Statista, https://www.statista.com/statistics/488707/mobile-market-share-argentina-by-provider/ (last visited July 27, 2024)
Leading wireless operators in Argentina in 4th quarter 2023, by market share [Graph], American Tower, April 18, 2024. [Online]. Available: https://www.statista.com/statistics/488707/mobile-market-share-argentina-by-provider/