Recent Updates — TEO
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.
Telecom Argentina S.A. Board of Directors resolved to appoint Manuel García Diez as Chief Financial Officer (CFO) effective August 3, 2026. Telecom Argentina S.A. operates in the telecommunications industry and provides mobile and fixed-line telephony, mobile and fixed-line data, and broadband-based services.
The Argentine Antitrust Tribunal issued Resolution RESFC-2026-38-APN-TDC#ANC, conditioning the acquisition of Telefónica Móviles Argentina S.A. by Telecom Argentina S.A. on specific remedies. The company must transfer a minimum of 6,000,000 mobile service customers (4,000,000 in AMBA and 2,000,000 nationwide) and necessary radio spectrum rights to a purchaser, alongside transferring 211,400 residential internet subscribers in 28 localities. Telecom Argentina S.A. operates in the telecommunications industry and provides mobile, mobile telephony, and residential internet services.