Telecom Argentina (TEO) officer discloses 18,401 Class B share holdings

Rhea-AI Filing Summary

TELECOM ARGENTINA SA executive Fernando Javier Cravero filed an initial ownership report on Form 3, disclosing his current holdings in the company’s Class B Shares. He reports beneficial ownership of 18,401 Class B Shares in total. According to the footnote, this includes 11,000 Class B Shares held in the form of 2,200 American Depository Receipts, with each ADR representing five Class B Shares. This filing records his starting equity position as an officer rather than any new share purchase or sale.

SEC Form 3

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person^*

Cravero Fernando Javier

(Last) (First) (Middle)

GENERAL HORNOS 690

(Street)

BUENOS AIRES C1 C1272ACK

(City) (State) (Zip)

2. Date of Event Requiring Statement (Month/Day/Year)
03/16/2026

3. Issuer Name and Ticker or Trading Symbol
TELECOM ARGENTINA SA [ TEO ]

4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	See Remarks

5. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
Class B Shares	18,401(1)	D

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. The securities reported herein include 11,000 Class B shares held in the form of 2,200 American Depository Receipts ("ADRs"). Each ADR represents five Class B shares.

Remarks:

Director of International Operations. Exhibit List: Exhibit 24 - Power of Attorney

	/s/ Luis Fernando Rial Ubago, Attorney-in-fact	03/16/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 5 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
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FAQ

What does the Form 3 filing by Fernando Javier Cravero at TELECOM ARGENTINA SA (TEO) report?

The Form 3 filing reports Fernando Javier Cravero’s initial ownership of 18,401 Class B Shares of TELECOM ARGENTINA SA. It is a baseline disclosure of his equity position as an officer, not a record of recent buying or selling activity.

How many TELECOM ARGENTINA SA (TEO) shares does Fernando Javier Cravero hold through ADRs?

Cravero holds 11,000 Class B Shares via 2,200 American Depository Receipts. The footnote explains that each ADR represents five Class B Shares, clarifying how a portion of his reported ownership is structured in U.S.-traded form.

Is the TELECOM ARGENTINA SA (TEO) Form 3 a record of new share purchases or sales?

The Form 3 does not record new purchases or sales; it lists existing holdings. It shows that Fernando Javier Cravero beneficially owns 18,401 Class B Shares, providing a starting point for future Form 4 transaction reporting if trades occur later.

What type of security is disclosed in Fernando Javier Cravero’s TELECOM ARGENTINA SA (TEO) Form 3?

The filing discloses ownership of Class B Shares of TELECOM ARGENTINA SA. Part of this position is held directly as local shares, and part is held as American Depository Receipts, which are U.S.-traded instruments representing underlying Class B Shares.

Does the TELECOM ARGENTINA SA (TEO) Form 3 mention any derivative securities for Fernando Javier Cravero?

The disclosed position consists of Class B Shares, including those represented by ADRs. The provided data does not list any derivative securities such as options or warrants, focusing solely on his direct equity holdings in the company’s Class B Shares.