Telecom Argentina S.A. Announces Consolidated Results for the First Quarter of Fiscal Year 2026 ("1Q26")(2)
Rhea-AI Summary
Telecom Argentina (NYSE:TEO) reported 1Q26 results under IAS 29 inflation accounting. Consolidated revenues reached P$2,357,686 million (+30.5% YoY), with service revenues of P$2,275,239 million.
Operating income before D, A & I was P$819,491 million (+36.7%), margin 34.8%. Net income totaled P$642,984 million, while CAPEX rose 85.1% to P$433,768 million (18.4% of revenues). Consolidated net financial debt fell in real terms to P$4,296,790 million (-15.6% vs. December 31, 2025).
Positive
- Consolidated revenues up 30.5% YoY to P$2,357,686 million
- Operating income before D, A & I up 36.7% to P$819,491 million
- Operating margin before D, A & I improved to 34.8%, +1.6 p.p.
- Consolidated net income rose to P$642,984 million from P$123,593 million
- CAPEX up 85.1% YoY to P$433,768 million, 18.4% of revenues
- Consolidated net financial debt decreased 15.6% in real terms to P$4,296,790 million
Negative
- Telecom (excluding TMA) mobile customers declined 7.9% to 22.1 million
- Telecom Argentina mobile accesses in Argentina fell 8.9% to 19.4 million
- Telecom broadband ARPU decreased 5.0% in real terms to P$28,389.6
- TMA broadband ARPU declined 7.1% in real terms to P$25,793.5
- TMA pay TV ARPU fell 11.7% in real terms to P$22,689.3
- Telecom Internet revenues (excluding TMA) slipped 0.4% versus 1Q25
News Market Reaction – TEO
In the May 12 session, TEO gained 1.12%, reflecting a mild positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
Key Figures
Previous Earnings Reports
| Date | Event | Sentiment | 24h Move | Catalyst |
|---|---|---|---|---|
| Nov 10 | Nine-month results | Neutral | -0.3% | Nine-month 2025 results with strong EBITDA but consolidated net loss. |
| Nov 10 | Nine-month results | Neutral | -0.3% | Inflation-adjusted 9M25 results post-TMA acquisition with higher revenues. |
| Aug 11 | Half-year results | Neutral | +2.3% | 1H25 results showing strong revenue and EBITDA growth but net loss. |
| May 12 | Q1 2025 earnings | Positive | +2.8% | 1Q25 revenue growth and net profit with improving service trends. |
| Feb 27 | FY24 and Q4 results | Positive | +3.4% | FY24/Q4 2024 results with net income supported by FX gains and lower debt. |
24h Move is the share-price change in the day after each event; other market factors may also have contributed.
Earnings and results updates have often coincided with modest positive price reactions when margins or integration of TMA showed improvement, though some Cablevisión Holding-linked releases saw flat to slightly negative moves.
Over the last year, results-related releases for Telecom Argentina and its controlling shareholder highlighted the transformative impact of the Telefónica Móviles Argentina (TMA) acquisition and persistent inflation adjustments. Events on May 12, 2025 and Feb 27, 2025 showed improving margins and net income supported by foreign-exchange gains. Later, Cablevisión Holding’s 2Q and 3Q 2025 reports emphasized strong revenue and EBITDA growth but recurring net losses. The FY25 results on Mar 10, 2026 showed higher revenues yet a net loss, setting the backdrop for today’s 1Q26 return to sizable net income.
Key Terms
ias 29 regulatory
arpu financial
machine-to-machine technical
m2m technical
ip telephony technical
constant currency financial
churn technical
over-the-top technical
AI-generated analysis. How Rhea-AI works. Not financial advice.
Market Cap (NYSE: TEO): US
Note: 1Q26 figures include the effects of the adoption of inflationary accounting in accordance with IAS 29. Therefore, comments regarding 1Q26 results and changes in 1Q25 results mentioned in this press release correspond to "restated for inflation" or "constant" figures.
For analysis purposes, it is important to highlight that the comparative results (March 2025) reflect the year-over-year effect of inflation through March 2026, which reached
32.6% . Additionally, the consolidated results for 1Q26 include the full contribution of TMA, whereas in the comparative period, 1Q25, TMA's contribution to the consolidated figures accounted for only one month.During 1Q26, consolidated revenues reached P
$2,357,686 million . Service revenues totaled P$2,275,239 million in 1Q26, with the following performance:Telecom (excluding TMA)³: +
1.6% vs. 1Q25.TMA: -
1.3% vs. 1Q25. Telecom does not determine TMA's commercial or pricing policy.Consolidated: +
33.6% vs. 1Q25, including 3 months of TMA revenues versus only one month in the comparative 1Q25 period.
During 1Q26, the evolution of the customer base in Argentina was as follows:
Telecom (excluding TMA): Total mobile accesses declined by
8.9% , reaching 19.4 million. This decrease is largely explained by disconnections of prepaid lines most of them with no recorded traffic, with no impact on mobile service revenues. Meanwhile, the fixed segment recorded increases in the number of accesses: pay TV accesses totaled 3.3 million in the same period (+148 thousand or +4.7% vs. 1Q25), while the fixed broadband segment recorded a3.3% increase, totaling 4.2 million accesses (+135 thousand vs. 1Q25).TMA: Total mobile accesses (including M2M) amounted to 19.2 million (+340 thousand or +
1.8% vs. 1Q25). Meanwhile, the fixed broadband segment totaled 1.6 million accesses (+75 thousand or +4.8% vs. 1Q25). Lastly, pay TV subscribers totaled 0.4 million in the same period (-7 thousand or -1.8% vs. 1Q25).
During 1Q26, a consolidated Operating Income before Depreciation, Amortization and Impairment of Fixed Assets ("Operating Income before D, A & D") margin of
34.8% was achieved (+1.6 p.p. vs. 1Q25). Telecom's margin (excluding TMA) recorded a significant improvement, exceeding38% in 1Q26. Operating Income before D, A & D totaled P$819,491 million (+36.7% vs. 1Q25, a period that includes only one month of TMA).During 1Q26, consolidated net income amounted to P
$642,984 million (vs. net income of P$123,593 million in 1Q25). Net income for the period is mainly explained by higher foreign exchange gains recorded in financial results, measured in real terms, as a result of the real appreciation of the peso during the quarter.Consolidated CAPEX (excluding right-of-use assets) totaled P
$433,768 million (+85.1% vs. 1Q25) and represented18.4% of consolidated revenues (increasing vs. 1Q25, when it reached13.0% of revenues).Consolidated Net Financial Debt totaled P
$4,296,790 million as of March 31, 2026, decreasing in real terms (-15.6% in constant currency vs. December 31, 2025).
(1) Market capitalization as of May 8, 2026.
(2) Unaudited non-financial information
(3) This refers to the exclusion of the consolidated results from the segment "ICT Services Provided in Argentina - TMA Networks," as presented in Table 3. The same criteria will apply going forward to any results labeled as "Telecom (excluding TMA)."
BUENOS AIRES, ARGENTINA / ACCESS Newswire / May 11, 2026 / Telecom Argentina S.A. ("Telecom Argentina", "Telecom" or the "Company") (NYSE:TEO)(BYMA:TECO2) announced today a consolidated Net Income of P
Comparative figures for the previous fiscal year have been restated for inflation so that the resulting information is presented in terms of the current measurement unit as of March 31, 2026.
IAS 29 | IAS 29 | |||||||||||||||
(in million P$ adjusted by inflation, except where noted)* | As of March 31, | As of March 31, | ||||||||||||||
2026 | 2025 | Δ$ | Δ% | |||||||||||||
Consolidated Revenues | 2,357,686 | 1,806,103 | 551,583 | 30.5 | % | |||||||||||
Consolidated Operating Income before D, A & I | 819,491 | 599,312 | 220,179 | 36.7 | % | |||||||||||
Consolidated Operating Income | 295,758 | 148,384 | 147,374 | 99.3 | % | |||||||||||
Consolidated Net Income before income tax expense | 963,641 | 282,382 | 681,259 | - | ||||||||||||
Consolidated Net Income attributable to Controlling Company | 636,682 | 118,100 | 518,582 | - | ||||||||||||
Consolidated Shareholders' equity attributable to Controlling Company | 8,094,054 | 7,982,090 | 111,964 | 1.4 | % | |||||||||||
Consolidated Net Financial Debt | (4,296,790 | ) | (4,756,450 | ) | 459,660 | -9.7 | % | |||||||||
Consolidated Investments in PP&E, intangible assets & rights of use assets ** | 513,992 | 292,277 | 221,715 | 75.9 | % | |||||||||||
Telecom | ||||||||||||||||
Fixed lines in service (in thousand lines) *** | 2,790 | 2,687 | 103 | 3.8 | % | |||||||||||
Mobile customers (in thousand) | 22,100 | 23,985 | (1,885 | ) | -7.9 | % | ||||||||||
Personal (Argentina) | 19,443 | 21,347 | (1,904 | ) | -8.9 | % | ||||||||||
Núcleo (Paraguay) -including Wimax customers- | 2,657 | 2,637 | 19 | 0.7 | % | |||||||||||
Broadband accesses in Argentina (in thousand) | 4,188 | 4,053 | 135 | 3.3 | % | |||||||||||
Pay TV Subscribers (Includes Argentina, Uruguay and Paraguay - in thousand) | 3,499 | 3,370 | 130 | 3.9 | % | |||||||||||
Average Revenue per user (ARPU) Mobile Services (in P$ - Restated by inflation) | 10,766.4 | 9,066.5 | 1,699.9 | 18.7 | % | |||||||||||
Average Revenue per user (ARPU) Broadband (in P$ - Restated by inflation) | 28,389.6 | 29,887.6 | (1,498.0 | ) | -5.0 | % | ||||||||||
Average Revenue per user (ARPU) Pay TV (in P$ - Restated by inflation) | 20,077.8 | 20,015.8 | 62.0 | 0.3 | % | |||||||||||
Telefónica Móviles Argentina (TMA) | ||||||||||||||||
Fixed lines in service (in thousand lines) *** | 2,081 | 2,130 | (49 | ) | -2.3 | % | ||||||||||
Mobile customers (in thousand) | 19,229 | 18,889 | 340 | 1.8 | % | |||||||||||
Prepaid + Postpaid (excluding M2M) | 16,324 | 16,237 | 87 | 0.5 | % | |||||||||||
Machine-to-machine (M2M) | 2,905 | 2,652 | 253 | 9.5 | % | |||||||||||
Broadband accesses (in thousand) | 1,637 | 1,562 | 75 | 4.8 | % | |||||||||||
Pay TV Subscribers (in thousand) | 410 | 417 | (7 | ) | -1.8 | % | ||||||||||
Average Revenue per user (ARPU) Mobile Services (in P$ - Restated by inflation) | 9,122.8 | 9,187.6 | (64.8 | ) | -0.7 | % | ||||||||||
Average Revenue per user (ARPU) Broadband (in P$ - Restated by inflation) | 25,793.5 | 27,769.0 | (1,975.5 | ) | -7.1 | % | ||||||||||
Average Revenue per user (ARPU) Pay TV (in P$ - Restated by inflation) | 22,689.3 | 25,688.1 | (2,998.8 | ) | -11.7 | % | ||||||||||
* Figures may not add up due to rounding.
** In constant currency - includes additions from rights of use as of March 31, 2026 for P
*** Telecom figures include IP telephony lines, which totaled approximately 2.36 million and 1.94 million as of March 31, 2026 and March 31, 2025, respectively. TMA figures include IP telephony lines, which totaled approximately 1.58 million and 1.46 million as of March 31, 2026, and March 31, 2025, respectively.
The following table shows the evolution of the national consumer price index (National CPI - according to INDEC's official statistics) as of December 31, 2025, and as of March 31, 2025, and 2026:
As of March 31, 2025 | As of December 31, 2025 | As of March 31, 2026 | ||||||||||
Annual | 55.9 | % | 31.5 | % | 32.6 | % | ||||||
During 1Q26, consolidated revenues reached P
Consolidated | Telecom Consolidated (Excluding TMA) | TMA1 | ||||||||||
1Q26 vs. 1Q25 | +33.6 | 2 | +1.6 | % | -1.3 | % | ||||||
Telecom does not determine TMA's commercial or pricing policies.
Includes three months of TMA revenues whereas the comparative period, 1Q25, includes only one month.
Consolidated Operating Revenues
Mobile Services
As of March 31, 2026, Telecom's total accesses (excluding TMA) in Argentina and Paraguay reached 22.1 million, while TMA's subscribers amounted to 19.2 million. In 1Q26, consolidated mobile service revenues reached P
Mobile Services in Argentina
As of March 31, 2026, Telecom's mobile accesses (excluding TMA) in Argentina amounted to approximately 19.4 million (-1.9 million or -
As of March 31, 2026, TMA's mobile accesses amounted to approximately 19.2 million (+340 thousand or +
ARPU for Telecom (excluding TMA) amounted to P
ARPU for TMA amounted to P
Mobile Services in Paraguay ("Núcleo")
As of March 31, 2026, Núcleo's subscriber base totaled 2.7 million, representing a
During 1Q26, mobile service revenues in Paraguay reached P
Internet Services
Consolidated Internet service revenues reached P
The increase in revenues is mainly the result of the consolidation of TMA's results in 1Q26, which amounted to P
TMA's subscriber base reached 1.6 million accesses (+75 thousand or +
In 1Q26, Telecom's broadband ARPU (excluding TMA) (restated in constant currency as of March 31, 2026) reached P
Additionally, in 1Q26, TMA's broadband ARPU (restated in constant currency as of March 31, 2026) reached P
As of March 31, 2026, accesses with a service of 100 Mb or higher represented
Cable TV Services
Consolidated cable TV service revenues reached P
The positive variation in revenues in Argentina is mainly due to the consolidation of TMA's results in 1Q26, which amounted to P
The subscriber base in Argentina for Telecom (excluding TMA) amounted to 3.3 million accesses as of March 31, 2026, representing a
With the aim of continuing to develop a flexible, intuitive, and innovative service, Personal announced its first exclusive partnership in Argentina with Netflix. This strategic agreement incorporates the over-the-top platform as a new option within Flow+, its flexible entertainment offering with included subscriptions that can be swapped month to month. Maintaining the same fee, customers can choose two subscriptions from Pack Fútbol, HBO, Disney+ Premium, Universal+, and now Netflix Premium, and switch them every 30 days.
Monthly TV ARPU for Telecom (excluding TMA) (restated in constant currency as of March 31, 2026) reached P
Additionally, monthly TV ARPU for TMA (restated in constant currency as of March 31, 2026) reached P
Average monthly cable TV churn for Telecom (excluding TMA) stood at
Fixed Telephony and Data Services
Consolidated revenues from fixed telephony and data services reached P
The variation in Argentina is mainly due to the consolidation of TMA's results in 1Q26, which amounted to P
The fixed-line customer base for Telecom (excluding TMA) reached 2.8 million customers in 1Q26, of which 2.4 million correspond to customers with IP lines. TMA's fixed-line customer base reached 2.1 million customers, of which 1.6 million are customers with IP lines.
During 1Q26, the Pacheco Datacenter, one of the Company's most important technological hubs, obtained the international "Certified Energy Efficient Datacenter Award" (CEEDA), a recognition that validates efficient energy management and the sustainable operation of data centers under global standards.
Other Service Revenues
Consolidated other service revenues reached P
Revenues from equipment sales
Consolidated revenues from equipment sales totaled P
Consolidated Operating Costs
Consolidated Operating Costs, including Depreciation, Amortization and Impairment of Fixed Assets, amounted to P
Excluding Depreciation, Amortization and Impairment of Fixed Assets, consolidated operating costs amounted to P
The cost breakdown was as follows:
Labor costs and severance payments totaled P
$509,473 million in 1Q26 (+P$129,094 million or +33.9% vs. 1Q25). The increase is mainly due to the consolidation of TMA's results in 1Q26, whose contribution amounted to P$181,261 million . Telecom's headcount (excluding TMA) totaled 18,103 employees as of March 31, 2026.Interconnection and transmission costs, which also include roaming, correspondence services, and line and circuit rentals, amounted to P
$68,474 million in 1Q26 (+P$22,963 million or +50.5% vs. 1Q25). The increase is mainly due to the consolidation of TMA's results in 1Q26, whose contribution amounted to P$76,435 million .Fees for services, maintenance and materials: P
$281,837 million in 1Q26 (+P$54,076 million or +23.7% vs. 1Q25). The increase is mainly due to the consolidation of TMA's results in 1Q26, whose contribution amounted to P$117,838 million . Excluding the impact of TMA's consolidation, the decrease is mainly explained by the implementation of the efficiency and resource management plan aimed at improving and automating processes, and by a4% improvement in the average cost of service fees compared to 1Q25.Taxes, fees and regulatory charges totaled P
$208,938 million (+P$57,884 million or +38.3% vs. 1Q25). Taxes, fees and regulatory authority charges in 1Q26 include P$84,691 million corresponding to TMA.Commissions and advertising (agents, collection commissions and other commissions) totaled P
$107,647 million in 1Q26 (+P$13,114 million or +13.9% vs. 1Q25). The increase is mainly due to the consolidation of TMA's results in 1Q26, whose contribution amounted to P$41,208 million .Cost of equipment sold totaled P
$72,328 million in 1Q26 (-P$3,678 million or -4.8% vs. 1Q25). This variation is mainly due to a decrease in the number of units sold compared to 1Q25. The contribution from TMA's results in 1Q26 amounted to P$30,078 million .Programming and content costs amounted to P
$134,847 million (+P$34,201 million or +34.0% vs. 1Q25). Programming and content costs in 1Q26 include P$41,867 million corresponding to TMA.Other costs totaled P
$154,651 million (+P$23,750 million or +18.1% vs. 1Q25), among which doubtful accounts amounted to P$47,247 million (+P$13,233 million or +38.9% vs. 1Q25):Bad debt expenses in 1Q26 include P
$18,150 million related to TMA. The charge for bad debt represented2.0% of total revenues as of March 31, 2026 (vs.1.9% in 1Q25).Other operating costs, which include charges for lawsuits and other contingencies, energy and other utilities, insurance, leases and internet capacity, among others, amounted to P
$107,404 million (+P$10,517 million or +10.9% vs. 1Q25). TMA's contribution in 1Q26 amounted to P$29,692 million .
Depreciation, amortization and impairment of fixed assets totaled P
$523,733 million (+P$72,805 million or +16.1% vs. 1Q25). The charge for the period includes P$200,120 million corresponding to the consolidation of TMA, as well as the impact of amortization of additions made after March 31, 2025, partially offset by the effect of assets that completed their useful lives after that same date.
Net Financial Results
Net financial results (including financial debt costs and other net financial results) recorded a gain of P
In millions of $ | 1Q26 | 1Q25 | Δ$ | |||||||||
Exchange differences | 719,028 | 188,864 | 530,164 | |||||||||
RECPAM | 85,413 | 46,978 | 38,435 | |||||||||
Fair value gains/(losses) on financial assets at fair value through profit or loss | 9,930 | (10,886 | ) | 20,816 | ||||||||
Remeasurement in borrowings* | 649 | 7,883 | (7,234 | ) | ||||||||
Net interest | (134,907 | ) | (77,616 | ) | (57,291 | ) | ||||||
Others | (49,249 | ) | (21,347 | ) | (27,902 | ) | ||||||
Total | 630,864 | 133,876 | 496,988 | |||||||||
*Related to Notes issued in UVA (Unidades de Valor Adquisitivo)
The variation recorded in net financial results is mainly explained by higher foreign exchange gains, measured in real terms, of P
Likewise, the increase in foreign exchange results was partially due to a higher level of U.S. dollar-denominated indebtedness in 2026, which resulted in greater exposure to fluctuations of the Argentine peso against the U.S. dollar. Additionally, there was a higher positive RECPAM of P
Income Tax
Telecom's income tax includes the following effects:
the current income tax, determined based on the tax legislation currently applicable to Telecom;
the effect of applying the deferred tax method with respect to temporary differences determined by comparing our asset and liability valuations according to tax and financial accounting criteria, which includes the effect of the income tax inflation adjustment.
Income tax resulted in a loss of P
Additionally, the effect derived from the consolidation of TMA amounted to P
Consolidated Net Financial Debt
As of March 31, 2026, our net financial debt (cash, cash equivalents - net of client funds - plus financial investments and derivatives* minus loans) was a net liability and totaled P
* Contemplates rate swaps and NDF (non-delivery forwards) agreements.
Investments in PP&E, intangible assets and rights of use assets
As of March 31, 2026, consolidated CAPEX (including additions to PP&E and intangible assets) totaled P
The investments were focused on:
Expansion of both fixed and mobile data services to improve transmission and access speed offered to customers, the deployment of 4G coverage and capacity, and continued expansion of 5G to support mobile internet growth and enhance service quality.
Deployment and modernization of 4G mobile access sites to improve coverage and increase mobile network capacity. The 4G/LTE rollout reached
98% population coverage. Our mobile network customers with access to our network experienced improved service quality, reaching average speeds of 84 Mbps.During 1Q26, we continued expanding our 5G network with the addition of 126 sites.
With regard to the fixed access infrastructure, during the first quarter of 2026 we continued to strengthen our broadband capabilities through the deployment of new fiber optic networks and the modernization of existing infrastructure. FTTH (Fiber to the Home) accesses currently represent
33% of Personal's broadband base, with nearly 1.4 million accesses, supported by the acceleration of fiber deployment.
Relevant financial events of the period
Secondary Offering of American Depositary Shares ("ADSs")
On February 10, 2026, Fintech Telecom LLC, in its capacity as selling shareholder, completed a secondary offering of 4,050,549 ADSs, representing 20,252,745 Class B shares of the Company. In connection with the offering, Fintech Telecom LLC granted the underwriters a 30-day option to purchase up to an additional 607,582 ADSs, representing 3,037,910 Class B shares of the Company, which option was exercised in full. In aggregate, the transaction included 23,290,655 Class B shares (representing
Relevant events after March 31, 2026
Ordinary and Extraordinary General Shareholders' Meeting
The Ordinary and Extraordinary General Shareholders' Meeting of Telecom held on April 29, 2026, resolved, among other matters, the following:
The proposal of the Board of Directors, restated as of March 31, 2026, using the National Consumer Price Index (National CPI) published on April 14, 2026, in accordance with CNV Resolution No. 777/2018, was approved with respect to Retained Earnings as of December 31, 2025, which show a negative balance of P
To absorb the amount of P
$135,642,104,918 from the "Optional reserve to maintain the level of investments in capital goods and the Company's current solvency level";With respect to the amount of P
$126,397,129,903 t o be reclassified from the account "Optional reserve to maintain the level of investments in capital goods and the Company's current solvency level" (which will consequently reach an amount of P$1,418,921,263,469) and to be allocated against the "Merger Premium" account, which, following such allocation, will consequently reach a balance of P$3,456,505,446,359 ; andLikewise, it was approved to delegate powers to the Board of Directors of the Company to fully or partially release, prior to December 31, 2026, the "Optional reserve to maintain the level of investments in capital goods and the Company's current solvency level" and to distribute, on one or more occasions, dividends in cash or in kind or in any combination of both options, for an aggregate amount of up to US
$300,000,000 .
Likewise, the corporate reorganization was approved, pursuant to which Telecom Argentina, as the surviving company, absorbs Teledifusora San Miguel Arcangel S.A. through a merger, with effect as of January 1, 2026.
TMA Regulatory Process - Extension of Deadline
On April 30, the Company was notified of Resolution TDC 14/2026 (DISFC-2026-14-APN-TDC#ANC) issued by the National Competition Defense Tribunal (Tribunal de Defensa de la Competencia), pursuant to which it was resolved to extend by an additional 30 days the original 45-day term established in Section 14 of Law No. 27,442, in the proceedings conducted under file EX-2025-22498026-APN-DR#CNDC, entitled: "TELECOM ARGENTINA S.A. / NOTICE UNDER SECTION 9 OF LAW No. 27,442" (Conc. 2025).
Likewise, Resolution TDC 14/2026 clarifies that the granted extension will become effective once the 45-day term established in Section 14 of Law No. 27,442 expires, the calculation of which began on February 24, 2026, without prejudice to the possibility of granting additional extensions, if necessary, up to completing the maximum term provided for in said section.
*******
Telecom Argentina is a leading telecommunications company in Argentina, offering services combining mobile telephony services, cable television services, internet services and fixed telephony services. We also provide Fintech Services, other telephone related services, such as international long-distance and wholesale services, data transmission and IT solutions outsourcing and we install, operate and develop cable television and data transmission services. We provide our services in Argentina (mobile, cable television, internet, fixed and data, fintech services, among others), Paraguay (mobile, internet, satellite TV, fintech services, among others), Uruguay (cable television services, internet and cybersecurity services and products), the United States (fixed wholesale services) and Chile (cybersecurity services and products). These consolidate an ecosystem of platforms and new businesses, providing a comprehensive and convergent experience for our customers.
As of March 31, 2026, Telecom Argentina owns 2,153,688,011 issued and outstanding shares.
For more information, please contact Investor Relations:
Luis Fernando Rial Ubago | Tomás Pellicori | Lucas Gaeta |
For information about Telecom Argentina's services, visit:
Disclaimer
This document may contain statements that could constitute forward-looking statements, including, but not limited to (i) the Company's expectations for its future performance, revenues, income, earnings per share, capital expenditures, dividends, liquidity and capital structure; (ii) the continued synergies expected from the merger between the Company and Cablevisión S.A. (or the "Merger") and/or the acquisition or Telefónica Móviles Argentina S.A. (or the "Acquisition"); (iii) the implementation of the Company's business strategy; (iv) the changing dynamics and growth in the telecommunications and cable markets in Argentina, Paraguay, Uruguay and the United States; (v) the Company's outlook for new and enhanced technologies; (vi) the effects of operating in a competitive environment; (vii) the industry conditions; (viii) the outcome of certain legal proceedings; and (ix) regulatory and legal developments. Forward-looking statements may be identified by words such as "anticipate," "believe," "estimate," "expect," "intend," "plan," "project," "will," "may" and "should" or other similar expressions. Forward-looking statements are not guarantees of future performance and involve certain risks and uncertainties that are difficult to predict. In addition, certain forward-looking statements are based upon assumptions as to future events that may not prove to be accurate. Many factors could cause actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements that may be expressed or implied by forward-looking statements. These factors include, among others: (i) the Company's ability to successfully implement our business strategy and to achieve synergies resulting from the Merger and/or the Acquisition; (ii) the Company's ability to introduce new products and services that enable business growth; (iii) uncertainties relating to political and economic conditions in Argentina, Paraguay, Uruguay and the United States, including the policies of the new government in Argentina; (iv) the impact of political developments, including the policies of the new government in Argentina, on the demand for securities of Argentine companies; (v) inflation, the devaluation of the peso, the Guaraní and the Uruguayan peso and exchange rate risks in Argentina, Paraguay and Uruguay; (vi) restrictions on the ability to exchange Argentine or Uruguayan pesos or Paraguayan guaraníes into foreign currencies and transfer funds abroad; (vii) the impact of currency and exchange measures or restrictions on our ability to access the international markets and our ability to repay our dollar-denominated indebtedness; (viii) the creditworthiness of our actual or potential customers; (ix) the nationalization, expropriation and/or increased government intervention in companies; (x) technological changes; (xi) the impact of legal or regulatory matters, changes in the interpretation of current or future regulations or reform and changes in the legal or regulatory environment in which the Company operates, including regulatory developments such as sanctions regimes in other jurisdictions (e.g., the United States) which impact on the Company's suppliers; (xii) the effects of increased competition; (xiii) reliance on content produced by third parties; (xiv) increasing cost of the Company's supplies; (xv) inability to finance on reasonable terms capital expenditures required to remain competitive; (xvi) fluctuations, whether seasonal or in response to adverse macro-economic developments, in the demand for advertising; (xvii) the Company's ability to compete and develop our business in the future; (xviii) the impact of increased national or international restrictions on the transfer or use of telecommunications technology; and (xix) the impact of the outbreak of COVID-19 on the global economy and specifically on the economies of the countries in which we operate, as well as on our operations and financial performance. Many of these factors are macroeconomic and regulatory in nature and therefore beyond the control of the Company's management. Should one or more of these risks or uncertainties materialize, or underlying assumptions prove incorrect, actual results may vary materially from those described herein as anticipated, believed, estimated, expected, intended, planned or projected. The Company does not intend and does not assume any obligation to update the forward-looking statements contained in this document.
These forward-looking statements are based upon a number of assumptions and other important factors that could cause our actual results, performance or achievements to differ materially from our future results, performance or achievements expressed or implied by such forward-looking statements. Readers are encouraged to consult the Company's Annual Report on Form 20-F and the periodic filings made on Form 6-K, which are periodically filed with or furnished to the United States Securities and Exchange Commission, as well as the presentations periodically filed before the Argentine Securities and Exchange Commission (Comisión Nacional de Valores) and the Buenos Aires Stock Exchange (Bolsas y Mercados Argentinos), for further information concerning risks and uncertainties faced by the Company.
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SOURCE: Telecom Argentina S.A.
View the original press release on ACCESS Newswire