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Andorra Telecom concluded 2024 with a profit of €27 million, surpassing its annual target of over €20 million. Total revenues reached €83 million, with€17 million generated from roaming services, slightly below projections. The national market experienced significant growth, attributed to an increase in population. Additionally, investments exceeding €200 million contributed notably to the profits.
CEO Jordi Nadal emphasized the importance of achieving recurring profits through strategic investments and justified the government's use of Andorra Telecom's profits for other initiatives. The upcoming Node building, scheduled to be operational by June 2026, will house Andorra Telecom's headquarters, are tail store, an immersive room, and the Digital Wellbeing Center promoted by the government.
This financial performance underscores Andorra Telecom's strong position in the market and its commitment to investing in infrastructure and services that benefit both the company and the broader community. The development of the Node building reflects a forward-thinking approach to integrating technology and public services.
