Telecom Argentina deal cleared with conditions

Telecom Argentina S.A. reports that the Argentine Antitrust Tribunal has issued a resolution on its planned acquisition of exclusive control over Telefónica Móviles Argentina S.A. and its subsidiaries.

Rhea-AI Filing Summary

Telecom Argentina S.A. reports that the Argentine Antitrust Tribunal has issued a resolution on its planned acquisition of exclusive control over Telefónica Móviles Argentina S.A. and its subsidiaries. The National Antitrust Commission is conditioning this economic concentration on compliance with a Remedy detailed in Annex I to the resolution.

The resolution and its annex will be published on the website of the National Authority for the Defense of Competition, allowing the market and other stakeholders to review the specific conditions imposed on the transaction.

Insights

LatAm telecom and regulation analyst

Telecom Argentina’s mobile acquisition moves forward with antitrust conditions.

The resolution confirms that the acquisition of exclusive control of Telefónica Móviles Argentina S.A. may proceed only if Telecom Argentina complies with a defined Remedy in Annex I, under Law No. 27,442 on economic concentration.

The decision signals regulatory acceptance of the transaction structure but with safeguards to address competition concerns. The specific obligations, once published by the National Authority for the Defense of Competition, will clarify how the company must adapt its operations or assets in Argentina.

Investors will be able to assess practical impact after Annex I is disclosed on the authority’s website, as that document will detail the Remedy that conditions completion and future conduct under the antitrust framework.

Key Terms

economic concentration, Remedy, Law No. 27,442, Argentine Antitrust Tribunal, +1 more

5 terms

economic concentration financial

"To condition the economic concentration transaction consisting of the acquisition of exclusive control"

Remedy regulatory

"upon compliance with the Remedy set forth in Annex I"

Law No. 27,442 regulatory

"in accordance with Section 14(b) of Law No. 27,442"

Argentine Antitrust Tribunal regulatory

"issued yesterday by the Argentine Antitrust Tribunal (Tribunal de Defensa de la Competencia)"

National Antitrust Commission regulatory

"the National Antitrust Commission resolved as follows"

FAQ

What did the Argentine Antitrust Tribunal decide about Telecom Argentina (TEO)?

The Argentine Antitrust Tribunal issued a resolution conditioning Telecom Argentina’s acquisition of exclusive control over Telefónica Móviles Argentina S.A. on compliance with a specific Remedy. The Remedy is described in Annex I, which forms an integral part of the resolution under Law No. 27,442.

Which transaction involving Telecom Argentina (TEO) is subject to antitrust conditions?

The conditions apply to the economic concentration consisting of Telecom Argentina’s acquisition of exclusive control over Telefónica Móviles Argentina S.A. and its subsidiaries. This concentration is being reviewed under Argentine competition law, specifically Law No. 27,442 governing such transactions and related remedies.

What is the Remedy mentioned in Telecom Argentina’s June 2026 6-K?

The Remedy is a set of conditions in Annex I to the antitrust resolution that Telecom Argentina must fulfill for the acquisition to proceed. While its contents are not detailed in the excerpt, the annex is expressly referenced as integral to the regulatory decision.

Where will details of the antitrust conditions on Telecom Argentina (TEO) be published?

The resolution and Annex I, which contains the Remedy, will be published on the website of the National Authority for the Defense of Competition. This publication will provide transparency about the conditions imposed on Telecom Argentina’s planned mobile business transaction.

Which law governs the Telecom Argentina economic concentration review?

The review is governed by Argentine Law No. 27,442 on competition and economic concentration. The resolution explicitly cites Section 14(b) of this law when conditioning Telecom Argentina’s acquisition of exclusive control over Telefónica Móviles Argentina S.A. on compliance with the specified Remedy.

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Accepted by SEC EDGAR 06/18/2026 - 09:18 AM Learn about SEC filing dates

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 6-K

REPORT OF FOREIGN PRIVATE ISSUER

Pursuant to Rule 13a-16 or 15d-16

of the Securities Exchange Act of 1934

For the month of June 2026

Commission File Number: 001-13464

Telecom Argentina S.A.

(Translation of registrant’s name into English)

General Hornos, No. 690, 1272

Buenos Aires, Argentina

(Address of principal executive offices)

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F:

Form 20-F X Form 40-F

Telecom Argentina S.A.

TABLE OF CONTENTS

Item

1. English translation of letter dated June 18, 2026, to the Argentine Securities & Exchange Commission (Comisión Nacional de Valores)

FREE TRANSLATION   Buenos Aires, June 18, 2026   Comisión Nacional de Valores

RE.: Telecom Argentina S.A

Material event

Dear Sirs,

I am writing to you in my capacity as Attorney-in-Fact of Telecom Argentina S.A. (“Telecom Argentina” or the “Company”), following up on the material event reported on April 30, 2026.

In this regard, the Company informs that it was notified of Resolution RESFC-2026-38-APN-TDC#ANC issued yesterday by the Argentine Antitrust Tribunal (Tribunal de Defensa de la Competencia) in the proceeding EX-2025- 22498026- -APN-DR#CNDC, docket: “TELECOM ARGENTINA S.A. S/ NOTIFICACIÓN ART. 9 LEY N. 27.442” (Conc. 2025) (the “Resolution”).

Pursuant to Section 2 of the Resolution, the National Antitrust Commission resolved as follows: “To condition the economic concentration transaction consisting of the acquisition of exclusive control over TELEFÓNICA MÓVILES ARGENTINA S.A. and its subsidiaries by TELECOM ARGENTINA S.A. upon compliance with the Remedy set forth in Annex I (IF-2026-60062041-APN-TDC#ANC), which forms an integral part of this Resolution, in accordance with Section 14(b) of Law No. 27,442.”

In summary, Annex I (IF-2026-60062041-APN-TDC#ANC) establishes, as Remedy:

1. In the mobile telephony segment, “The Parties shall transfer to the Purchaser a minimum base of 6,000,000 mobile service customers, distributed as follows: (a) Buenos Aires Metropolitan Area (AMBA): 4,000,000 customers; (b) Rest of the country: 2,000,000 customers, to be freely allocated throughout the national territory outside AMBA, without regional subdivision” (Section 5.1), and “The Parties shall transfer the rights of use of radio spectrum assigned by ENACOM, in the bands and amounts necessary for the competitive operation of the divested mobile service” (Section 6.1).

2. In the residential internet segment, “The Parties shall transfer to the Purchaser the subscriber base of residential internet services provided by TELEFÓNICA in twenty-eight (28) localities, comprising 211,400 subscribers, located in the Province of Buenos Aires, the City of Buenos Aires, the Province of Mendoza, the Province of Neuquén and the Province of Río Negro” (Section 13.1).

3. In addition, behavioral remedies are imposed in the corporate services segment and in the wholesale segment, among others.

The Resolution and its Annex I (IF-2026-60062041-APN-TDC#ANC) will be published on the website of the National Authority for the Defense of Competition, as provided in Section 8 of the Resolution.

Sincerely, 

Telecom Argentina S.A.

/s/Andrea V. Cerdán

Attorney-in-Fact

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

			Telecom Argentina S.A.
Date:	June 18, 2026		By:	/s/ Luis Fernando Rial Ubago
				Name:	Luis Fernando Rial Ubago
				Title:	Responsible for Market Relations