Welcome to our dedicated page for Telecom Argentna news (Ticker: TEO), a resource for investors and traders seeking the latest updates and insights on Telecom Argentna stock.
Telecom Argentina S.A. (NYSE: TEO; BYMA: TECO2) regularly publishes detailed financial and operational updates that are reflected in its news flow. Investors following TEO news can see consolidated results for quarterly, half-year and nine-month periods, prepared under International Financial Reporting Standards (IFRS) with inflation-adjusted figures in accordance with IAS 29. These releases cover revenue performance, operating income before depreciation, amortization and impairment of fixed assets, net income or loss, capital expenditures and net financial debt.
Company news also highlights the evolution of Telecom Argentina’s core businesses. Updates describe trends in mobile services, including subscriber counts in Argentina and Paraguay, the share of prepaid and postpaid customers, machine-to-machine (M2M) connections and the contribution of mobile internet to service revenues. Broadband Internet and cable TV developments are reported through subscriber growth, ARPU in constant currency and the share of high-speed connections. The impact of the consolidation of Telefónica Móviles Argentina S.A. (TMA) on mobile, broadband and pay TV metrics is a recurring topic in recent releases.
Regulatory and corporate actions feature prominently in Telecom Argentina’s news. The company discloses filings with ENACOM and the CNDC related to acquisitions, summaries of shareholders’ meeting resolutions, loan agreements and disbursements from international lenders, and decisions on dividend distributions and reserve withdrawals. Legal developments, such as court decisions in consumer cases, are also communicated through official notices.
This news page aggregates these announcements so readers can review Telecom Argentina’s financial performance, strategic transactions, regulatory communications and capital structure decisions in one place. For investors and analysts tracking TEO, the news feed provides context on how the company’s mobile, broadband, pay TV and fixed services businesses evolve over time.
Telecom Argentina reported financial results for 9M24, with consolidated revenues of P$2,852,341 million, showing a 10.4% decrease in constant currency compared to 9M23. Service revenues totaled P$2,682,307 million (-9.1% vs 9M23). The company recorded a net income of P$951,912 million, mainly due to exchange rate gains. Mobile subscribers in Argentina increased to 21.4 million (+668 thousand vs 9M23), while cable TV subscribers grew to 3.2 million. Operating margin before D,A&I remained stable at 28.8%. CAPEX represented 13.0% of revenues, with investments amounting to P$538,119 million. Net Financial Debt decreased 37.6% in constant currency to P$2,325,294 million.
Telecom Argentina (NYSE: TEO) announced its 1H24 and 2Q24 results, highlighting key financial metrics and operational performance. Consolidated Revenues for 1H24 were P$1,666,979 million, a decrease of 13.3% compared to 1H23. Service Revenues totaled P$1,572,594 million, down 11.7% year-over-year. The company noted high inflation, impacting performance.
Mobile accesses in Argentina increased to 21.2 million, while broadband and Pay TV subscribers saw slight declines. Operating Income before D, A & I margin improved to 29.7% in 1H24 and 29.1% in 2Q24.
Net income soared to P$859,223 million, driven primarily by exchange rate gains. Investments amounted to P$315,946 million, representing 19% of revenues. Net Financial Debt decreased by 34.2% in real terms to P$2,189,225 million.
Despite a challenging economic environment, there was a noted recovery trend in Service Revenues in 2Q24. The company remains focused on expanding its 4G and 5G networks and improving broadband services.
Telecom Argentina S.A. announced a Net Income of P$675,032 million for the first quarter of fiscal year 2024, with Consolidated Revenues of P$683,916 million. Despite a decrease in service revenues due to lower price increases than inflation, the subscriber base showed growth. Operating costs decreased, resulting in stable Operating Income. The Company recorded a net income increase mainly due to exchange rate gains. Investments in PP&E increased, while net financial debt decreased. Mobile services and internet revenues declined, while cable TV services saw a significant decrease. The Company faces challenges in maintaining revenues amidst intense competition in the market.
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Telecom Argentina (NYSE: TEO) has submitted its 2022 Annual Report on Form 20-F to the U.S. Securities and Exchange Commission (SEC) on March 20, 2023. The report contains audited financial statements as of December 31, 2022, and is available on the Company's Investor Relations website and the SEC site. The company has 2,153,688,011 issued and outstanding shares as of the end of 2022. Shareholders can request a hard copy of the report at no charge. The release includes a disclaimer about forward-looking statements and potential risks affecting future performance.
Cablevisión Holding S.A. (BCBA:CVH, LSE:CVH, Level 1: CVHSY), the controlling shareholder of Telecom Argentina S.A. (NYSE:TEO), announced its Full Year and Last Quarter 2022 Results on March 10, 2023. Total Revenues declined by 12.0% year-on-year to Ps. 729,182 million amid high inflation of 94.8%. EBITDA fell 22.6% to Ps. 199,796 million, leading to a reduced EBITDA Margin of 27.4%. The company reported a substantial Net Loss of Ps. 168,757 million, largely due to a goodwill impairment loss of Ps. 204,744 million. Despite a lower cost structure, the financial results reflect ongoing economic challenges in Argentina.