Telecom Argentina S.A. Announces the Filing of Its Form 20-F With the U.S. Securities and Exchange Commission
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Insights
Telecom Argentina's submission of its 2023 Annual Report on Form 20-F to the SEC is a significant disclosure that provides investors with a comprehensive view of the company's financial health. Analyzing the audited financial statements, which adhere to International Financial Reporting Standards (IFRS), is essential for understanding the company's performance and strategic direction. A key factor to consider is the company's revenue streams, including growth in local and long-distance telephony, cellular, data transmission and pay TV and internet services. Investors should also assess the impact of Telecom Argentina's operations in Paraguay and Uruguay on its overall financial results.
It's important to evaluate the company's operational efficiency and cost management, as well as its capital expenditure, which can influence future revenue and earnings potential. The debt levels and liquidity position detailed in the report will provide insights into the company's financial stability and ability to sustain growth. Additionally, comparing year-over-year financial metrics can reveal trends and potential areas of concern or opportunity. Investors should also be aware of the competitive landscape in the telecommunications sector in Argentina and neighboring countries, as it can affect market share and profitability.
From a market perspective, Telecom Argentina's performance is influenced by the regulatory environment, technological advancements and consumer behavior trends in the telecommunications industry. Understanding how these factors interact with the company's strategy and financial outcomes is crucial. For instance, regulatory changes can affect the cost structure or revenue potential in different service areas. Technological investments that improve service quality or expand coverage can attract more subscribers and increase customer loyalty, thus impacting the company's market position.
Consumer trends, such as the adoption of streaming services or the transition to mobile broadband, can also play a significant role in shaping demand for Telecom Argentina's offerings. Market research can help identify shifts in consumer preferences and the potential for new product offerings or service enhancements. Additionally, the company's share price may react to the disclosed financials and any forward-looking statements included in the report can influence market expectations and investor sentiment.
Telecom Argentina's annual report is an opportunity to assess the company's strategic initiatives and their alignment with industry trends. The telecommunications sector is rapidly evolving, with increasing demand for high-speed internet and digital services. The company's ability to upgrade its infrastructure to support 5G technology, for example, would be a key determinant of its competitive edge. Furthermore, the company's subscriber growth, churn rate and average revenue per user (ARPU) are critical metrics that reflect its market penetration and revenue-generating efficiency.
Investors should also consider the potential impact of international operations on the company's risk profile and growth prospects. Diversification into different markets can mitigate risks associated with economic fluctuations in a single country. However, it also introduces complexities related to currency exchange rates, regulatory compliance and political stability. The company's strategic response to these challenges, as outlined in the annual report, will be indicative of its long-term sustainability and growth trajectory in the telecommunications industry.
BUENOS AIRES, ARGENTINA / ACCESSWIRE / March 21, 2024 / Telecom Argentina (NYSE:TEO)(BASE:TECO2) ("Telecom Argentina" or the "Company"), announces that it has submitted today its 2023 Annual Report on Form 20-F to the U.S. Securities and Exchange Commission ("SEC"), which includes our audited financial statements under International Financial Reporting Standards ("IFRS") as of and for the year ended December 31, 2023.
Telecom Argentina's 2023 Form 20-F and the referred audited financial statements as of and for the year ended December 31, 2023 can be accessed and downloaded from the Investor Relations section of the Company's website at https://inversores.telecom.com.ar/en/sec-presentations.html. In addition, these documents can be found on the SEC webpage (www.sec.gov) under "FILINGS / Company Filing Search", under the CIK code No. 0000932470.
Finally, shareholders are informed that, upon request, the Company will provide a hard copy of the filed 2023 Form 20-F, which includes the audited financial statements as of and for the fiscal year ended December 31, 2023, free of charge. Any such request and/or any questions related to the Company's Form 20-F and the financial statements should be made to the following persons:
| Luis Fernando Rial Ubago lfrialubago@teco.com.ar | Tomás Pellicori tlpellicori@teco.com.ar | Santiago Gramegna smgramegnavedani@teco.com.ar |
Telecom Argentina is a leading telecommunications company in Argentina, where it offers, either itself or through its controlled subsidiaries local and long distance fixed-line telephony, cellular, data transmission, and pay TV and Internet services, among other services. Additionally, Telecom Argentina offers mobile, broadband and satellite TV services in Paraguay and pay TV services in Uruguay. The Company commenced operations on November 8, 1990, upon the Argentine government's transfer of the telecommunications system in the northern region of Argentina.
As of December 31, 2023, Telecom Argentina owns 2,153,688,011 issued and outstanding shares.
For more information, please contact Investor Relations:
| Luis Fernando Rial Ubago lfrialubago@teco.com.ar | Tomás Pellicori tlpellicori@teco.com.ar | Santiago Gramegna smgramegnavedani@teco.com.ar |
For information about Telecom Argentina's services, visit:
www.telecom.com.ar
www.personal.com.ar
www.personal.com.py
Disclaimer:
This document may contain statements that could constitute forward-looking statements, including, but not limited to (i) the Company's expectations for its future performance, revenues, income, earnings per share, capital expenditures, dividends, liquidity and capital structure; (ii) the continued synergies expected from the merger between the Company and Cablevisión S.A. (or the Merger); (iii) the implementation of the Company's business strategy; (iv) the changing dynamics and growth in the telecommunications and cable markets in Argentina, Paraguay, Uruguay and the United States; (v) the Company's outlook for new and enhanced technologies; (vi) the effects of operating in a competitive environment; (vii) the industry conditions; (viii) the outcome of certain legal proceedings; and (ix) regulatory and legal developments. Forward-looking statements may be identified by words such as "anticipate," "believe," "estimate," "expect," "intend," "plan," "project," "will," "may" and "should" or other similar expressions. Forward-looking statements are not guarantees of future performance and involve certain risks and uncertainties that are difficult to predict. In addition, certain forward-looking statements are based upon assumptions as to future events that may not prove to be accurate. Many factors could cause actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements that may be expressed or implied by forward-looking statements. These factors include, among others: (i) the Company's ability to successfully implement our business strategy and to achieve synergies resulting from the Merger; (ii) the Company's ability to introduce new products and services that enable business growth; (iii) uncertainties relating to political and economic conditions in Argentina, Paraguay, Uruguay and the United States, including the policies of the new government in Argentina; (iv) the impact of political developments, including the policies of the new government in Argentina, on the demand for securities of Argentine companies; (v) inflation, the devaluation of the peso, the Guaraní and the Uruguayan peso and exchange rate risks in Argentina, Paraguay and Uruguay; (vi) restrictions on the ability to exchange Argentine or Uruguayan pesos or Paraguayan guaraníes into foreign currencies and transfer funds abroad; (vii) the impact of currency and exchange measures or restrictions on our ability to access the international markets and our ability to repay our dollar-denominated indebtedness; (viii) the creditworthiness of our actual or potential customers; (ix) the nationalization, expropriation and/or increased government intervention in companies; (x) technological changes; (xi) the impact of legal or regulatory matters, changes in the interpretation of current or future regulations or reform and changes in the legal or regulatory environment in which the Company operates, including regulatory developments such as sanctions regimes in other jurisdictions (e.g., the United States) which impact on the Company's suppliers; (xii) the effects of increased competition; (xiii) reliance on content produced by third parties; (xiv) increasing cost of the Company's supplies; (xv) inability to finance on reasonable terms capital expenditures required to remain competitive; (xvi) fluctuations, whether seasonal or in response to adverse macro-economic developments, in the demand for advertising; (xvii) the Company's ability to compete and develop our business in the future; (xviii) the impact of increased national or international restrictions on the transfer or use of telecommunications technology; and (xix) the impact of the outbreak of COVID-19 on the global economy and specifically on the economies of the countries in which we operate, as well as on our operations and financial performance. Many of these factors are macroeconomic and regulatory in nature and therefore beyond the control of the Company's management. Should one or more of these risks or uncertainties materialize, or underlying assumptions prove incorrect, actual results may vary materially from those described herein as anticipated, believed, estimated, expected, intended, planned or projected. The Company does not intend and does not assume any obligation to update the forward-looking statements contained in this document. These forward-looking statements are based upon a number of assumptions and other important factors that could cause our actual results, performance or achievements to differ materially from our future results, performance or achievements expressed or implied by such forward-looking statements. Readers are encouraged to consult the Company's Annual Report on Form 20-F and the periodic filings made on Form 6-K, which are periodically filed with or furnished to the United States Securities and Exchange Commission, as well as the presentations periodically filed before the Argentine Securities and Exchange Commission (Comisión Nacional de Valores) and the Buenos Aires Stock Exchange (Bolsas y Mercados Argentinos), for further information concerning risks and uncertainties faced by the Company.
SOURCE: Telecom Argentina S.A.
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