Telecom Argentina (Personal)

News Summary:

Telecom Argentina S.A. recently received two new disbursements totaling US$120 million under a financing proposal initiated on May 29, 2019, allocating the funds to capital investments for improving telecommunications infrastructure in Argentina. This follows its 1Q25 earnings release on September 17, 2026, which reported a 40% increase in EBITDA and a 15.3% CAPEX over revenues ratio, alongside a 40% rise in free cash flow generation. The company's debt maturity profile as of March 2025 showed a well-balanced structure with approximately 73% denominated in US$, RMB, and GUA, with the acquisition of TMA by TEO poised to upgrade connectivity and upscale operations in Argentina. Also on September 17, 2026, Telecom Argentina published its 2022 Integrated Annual Report, outlining financial and non-financial performance, including $729,182 million in revenues and $120,071 million invested in infrastructure, and highlighting its transformation into a "techco" offering IoT, fintech, cybersecurity, and smart home solutions. Just before this, the company reported strong financial performance for 4Q25 and FY25, achieving its highest EBITDA margin since 2020 at 33.7% (excluding TMA), and growing Service Revenues in real terms for the first time since IAS 29 application by 5.7 billion pesos, alongside a US$541 million cash position. Earlier on the same day, Telecom Argentina adopted Google Cloud as part of its hybrid multi-cloud strategy, aiming to accelerate technical incident resolution and fully digitalize operations for its over 30 million customers.