Fintech Telecom sells 4.05M Telecom Argentina (NYSE: TEO) ADSs
Filing Impact
Filing Sentiment
Form Type
6-K
Rhea-AI Filing Summary
Telecom Argentina reported that selling shareholder Fintech Telecom LLC has priced a secondary sale of 4,050,549 ADSs of the company at $11.15 per ADS. The ADSs trade on the NYSE under “TEO” and each represents five class B common shares.
Fintech Telecom also granted underwriters a 30‑day option to buy up to 607,582 additional ADSs at the same price. All shares in this deal are being sold by Fintech Telecom, so Telecom Argentina is not issuing shares and will not receive any proceeds. Morgan Stanley and Banco BTG Pactual are joint book‑runners, and closing is expected on February 12, 2026, subject to customary conditions.
Positive
- None.
Negative
- None.
FAQ
What secondary offering did Telecom Argentina (TEO) announce in this 6-K?
Telecom Argentina announced a secondary offering of 4,050,549 American Depositary Shares priced at $11.15 per ADS. The sale is by existing shareholder Fintech Telecom LLC, meaning the company itself is not issuing new shares in this transaction.
Will Telecom Argentina (TEO) receive any proceeds from this secondary ADS sale?
Telecom Argentina will not receive any proceeds from this secondary offering. All net proceeds from selling 4,050,549 ADSs, plus any additional ADSs sold under the underwriters’ option, will go entirely to Fintech Telecom LLC as the selling shareholder.
What is the pricing and size of Telecom Argentina’s ADS secondary offering?
The offering is priced at $11.15 per American Depositary Share for 4,050,549 ADSs. There is also a 30‑day option for underwriters to purchase up to an additional 607,582 ADSs at the same public offering price, expanding potential total volume.
On which exchange do Telecom Argentina ADSs trade and what does each ADS represent?
Telecom Argentina’s ADSs trade on the New York Stock Exchange under the symbol TEO. Each ADS represents five class B common shares of the company, each with a nominal value of one Argentine peso, aligning U.S. trading with underlying local shares.
Who are the underwriters for Telecom Argentina’s secondary ADS offering?
Morgan Stanley & Co. LLC and Banco BTG Pactual S.A. – Cayman Branch are acting as underwriters and joint book‑runners. They are responsible for placing the ADSs with investors, and they hold a 30‑day option to buy additional ADSs from Fintech Telecom.
When is the Telecom Argentina secondary offering expected to close?
The offering is expected to close on February 12, 2026, subject to customary closing conditions. These conditions typically include completion of documentation and settlement processes before the ADSs and proceeds are finally exchanged between parties involved.