Telecom Argentina (NYSE: TEO) director discloses 360,458 Class B shares

Rhea-AI Filing Summary

Telecom Argentina SA director Alejandro Alberto Urricelqui has filed an initial ownership report showing a direct holding of 360,458 Class B shares. This position includes 346,000 Class B shares held in the form of 69,200 American Depository Receipts, with each ADR representing five Class B shares.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Urricelqui Alejandro Alberto

Role Director

Type	Security	Shares	Price	Value
holding	Class B Shares	--	--	--

Holdings After Transaction: Class B Shares — 360,458 shares (Direct)

Footnotes (1)

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Understanding Insider Trading Forms →

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^*

Urricelqui Alejandro Alberto

(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)

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

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	360,458(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 346,000 Class B shares held in the form of 69,200 American Depository Receipts ("ADRs"). Each ADR represents five Class B shares.

Remarks:

Exhibit List: Exhibit 24 - Power of Attorney. Alejandro Alberto Urricelqui also owns 128,761 Class B Shares and 129,637 GDRs issued by Cablevision Holding S.A., the controlling shareholder of Telecom Argentina S.A.

	/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).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What does the Form 3 filing by Telecom Argentina (TEO) director Alejandro Alberto Urricelqui show?

The Form 3 shows Alejandro Alberto Urricelqui’s existing ownership in Telecom Argentina. He reports direct beneficial ownership of 360,458 Class B shares, including shares held through American Depository Receipts, providing a baseline of his stake as a company director.

How many Telecom Argentina (TEO) Class B shares does Alejandro Alberto Urricelqui report owning?

He reports direct ownership of 360,458 Class B shares. This total reflects his beneficial stake as of the Form 3 filing and serves as an initial disclosure of his holdings as a director of Telecom Argentina SA.

How are Telecom Argentina (TEO) shares held through ADRs in this Form 3 filing?

The filing states that 346,000 Class B shares are held via 69,200 ADRs. Each American Depository Receipt represents five Class B shares, so these ADRs account for most of Alejandro Alberto Urricelqui’s disclosed position in Telecom Argentina.

Does the Telecom Argentina (TEO) Form 3 indicate any recent buy or sell transactions?

The Form 3 functions as an initial ownership statement, not a trade report. It lists Alejandro Alberto Urricelqui’s holdings, including ADRs, but does not disclose any specific purchase or sale transactions associated with this filing.

Why is Alejandro Alberto Urricelqui’s Form 3 important for Telecom Argentina (TEO) investors?

The filing establishes the director’s baseline ownership in Telecom Argentina. Knowing he holds 360,458 Class B shares, largely through ADRs, helps investors understand insider alignment and the size of his economic interest in the company.