Telecom Argentina net profit exceeds forecasts

BUENOS AIRES, April 30 Tue Apr 30, 2013 9:22am EDT

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BUENOS AIRES, April 30 (Reuters) - Telecom Argentina SA , one of Argentina's top telecommunications companies, reported on Tuesday a net profit of 813 million pesos ($158.7 million) for the first quarter, slightly above market expectations.

The market had expected the company to report a net profit of 777 million pesos, according to the median forecast given in a recent Reuters poll of analysts.

Telecom Argentina is controlled indirectly by Telecom Italia .