Earnings ·
Telecom Argentina reported consolidated net income of P$869,038 million for the first half of fiscal year 2026, a…
TEOTelecom Argentina SA
Telecom Argentina reported consolidated net income of P$869,038 million for the first half of fiscal year 2026, a significant turnaround from a P$100,900 million loss in the prior period. Consolidated revenues reached P$5,075,511 million, driven by the full six-month consolidation of Telefónica Móviles Argentina (TMA) and an 18.4% real increase in mobile ARPU for its core business. The company also announced the appointment of Manuel Garcia Diez as Chief Financial Officer, effective August 3, 2026. Additionally, Telecom's Paraguayan subsidiary, Núcleo, acquired 5G spectrum licenses for US$1 million following a June auction. The Argentine Antitrust Tribunal conditionally approved the TMA acquisition, requiring the divestiture of at least 6 million mobile customers and 211,400 residential internet subscribers to a third party. Telecom Argentina operates in the telecommunications industry, providing mobile, fixed-line, broadband, and cable TV services across South America.