Telecom Argentina Sa SEC Filings

Telecom Argentina reports strong 1Q26 results in a high-inflation environment. Revenues rose 30.5% to 2,357,686 million, helped by the full-quarter consolidation of TMA. Net income jumped to 642,984 million from 123,593 million, mainly due to large net financial gains and a gain on losing control of Micro Sistemas.

Adjusted EBITDA increased 36.7% to 819,491 million, lifting margin to 34.8% of revenues, while depreciation and amortization grew more slowly than sales. Cash and cash equivalents reached 675,480 million and total borrowings were 5,487,590 million, with new US-dollar notes issued at fixed rates of 8.50% (2036) and 6.50% (2029).

Telecom formed a 50/50 joint venture with Banco Macro in Micro Sistemas via a capital contribution equivalent to US$75 million, recognizing a gain of 45,615 million. It also adhered to an ENACOM payment plan, paying 24,739 million and TMA 30,107 million to settle regulatory obligations, largely tied to the universal service fund. Shareholders authorized possible dividend distributions of up to US$300 million and Núcleo approved dividends of about 145,050 million, of which 97,909 million corresponds to Telecom Argentina.

Telecom Argentina reported consolidated net income of P$642,984 million for the quarter ended March 31, 2026, with P$636,682 million attributable to the controlling company. Consolidated revenues reached P$2,357,686 million, including service revenues of P$2,275,239 million, up 33.6% in real terms versus 1Q25, largely due to the full consolidation of Telefónica Móviles Argentina (TMA).

Mobile service revenues were the main business line at P$1,235,803 million, rising 50.3% in real terms. Excluding TMA, Telecom’s mobile revenues grew 9.0%, driven by an 18.7% real increase in ARPU despite an 8.9% drop in mobile accesses from prepaid disconnections with no revenue impact. Net financial results showed a gain of P$630,864 million, helped by inflation dynamics and foreign-exchange movements, while net financial debt stood at P$4,296,790 million, down P$792,365 million from December 31, 2025 in real terms.

CAPEX reached P$433,768 million, up 85.1% year on year, focused on network and service investments, with total investments including rights of use of P$513,992 million. During the period, a shareholder, Fintech Telecom LLC, completed a secondary ADS offering totaling 23,290,655 Class B shares, representing 1.08% of Telecom Argentina’s share capital, and shareholders approved the merger by absorption of Teledifusora San Miguel Arcangel S.A. effective January 1, 2026.

Telecom Argentina reported consolidated net income of P$642,984 million for the quarter ended March 31, 2026, with P$636,682 million attributable to the controlling company. Consolidated revenues reached P$2,357,686 million, including service revenues of P$2,275,239 million, up 33.6% in real terms versus 1Q25, largely due to the full consolidation of Telefónica Móviles Argentina (TMA).

Mobile service revenues were the main business line at P$1,235,803 million, rising 50.3% in real terms. Excluding TMA, Telecom’s mobile revenues grew 9.0%, driven by an 18.7% real increase in ARPU despite an 8.9% drop in mobile accesses from prepaid disconnections with no revenue impact. Net financial results showed a gain of P$630,864 million, helped by inflation dynamics and foreign-exchange movements, while net financial debt stood at P$4,296,790 million, down P$792,365 million from December 31, 2025 in real terms.

CAPEX reached P$433,768 million, up 85.1% year on year, focused on network and service investments, with total investments including rights of use of P$513,992 million. During the period, a shareholder, Fintech Telecom LLC, completed a secondary ADS offering totaling 23,290,655 Class B shares, representing 1.08% of Telecom Argentina’s share capital, and shareholders approved the merger by absorption of Teledifusora San Miguel Arcangel S.A. effective January 1, 2026.

Telecom Argentina S.A. reports that an Argentine commercial court upheld a consumer action related to the “cargo Revista Miradas” charge. The ruling orders the company to reimburse affected clients for amounts paid under this item, plus interest, and to pay a AR$ 5,000,000 punitive damage fine under section 52 bis of Law 24,240.

The company, assisted by legal counsel, plans to appeal this first-instance decision.

Telecom Argentina S.A. reports that an Argentine commercial court upheld a consumer action related to the “cargo Revista Miradas” charge. The ruling orders the company to reimburse affected clients for amounts paid under this item, plus interest, and to pay a AR$ 5,000,000 punitive damage fine under section 52 bis of Law 24,240.

The company, assisted by legal counsel, plans to appeal this first-instance decision.

Telecom Argentina S.A. reports that the Argentine Antitrust Tribunal issued Resolution TDC 14/2026 in an ongoing competition proceeding. The resolution extends the original 45-day review period set in section 14 of Law 27,442 by an additional 30 days.

The extension applies after the initial 45 days, which began on February 24, 2026, and relates to proceeding EX-2025-22498026- -APN-DR#CNDC, docketed as “ARGENTINA S.A. S/ NOTIFICACIÓN ART. 9 LEY N. 27.442” (Conc. 2025). The Tribunal also allows for further extensions, if needed, until the total period permitted by section 14 is reached.

Telecom Argentina S.A. reports that the Argentine Antitrust Tribunal issued Resolution TDC 14/2026 in an ongoing competition proceeding. The resolution extends the original 45-day review period set in section 14 of Law 27,442 by an additional 30 days.

The extension applies after the initial 45 days, which began on February 24, 2026, and relates to proceeding EX-2025-22498026- -APN-DR#CNDC, docketed as “ARGENTINA S.A. S/ NOTIFICACIÓN ART. 9 LEY N. 27.442” (Conc. 2025). The Tribunal also allows for further extensions, if needed, until the total period permitted by section 14 is reached.

Telecom Argentina S.A. reported decisions from its April 29, 2026 shareholders’ meetings, including approval of all financial documentation for Fiscal Year 2025 and the performance and compensation of directors, supervisory committee members, and external auditors.

Shareholders approved using AR$135,642,104,918 of retained losses as of December 31, 2025 to be absorbed by a voluntary reserve, and reclassifying AR$126,397,129,903 from that reserve to the contributed surplus account. The Board was authorized, until December 31, 2026, to withdraw this reserve and distribute dividends in cash or in kind up to a maximum of US$300 million. The meeting also approved a merger in which Telecom Argentina, as the absorbing company, will merge Teledifusora San Miguel Arcangel S.A. effective January 1, 2026, and confirmed Price Waterhouse & Co. SRL as independent auditor for Fiscal Year 2026, alongside new Supervisory Committee and Audit Committee compositions.

Telecom Argentina S.A. reported decisions from its April 29, 2026 shareholders’ meetings, including approval of all financial documentation for Fiscal Year 2025 and the performance and compensation of directors, supervisory committee members, and external auditors.

Shareholders approved using AR$135,642,104,918 of retained losses as of December 31, 2025 to be absorbed by a voluntary reserve, and reclassifying AR$126,397,129,903 from that reserve to the contributed surplus account. The Board was authorized, until December 31, 2026, to withdraw this reserve and distribute dividends in cash or in kind up to a maximum of US$300 million. The meeting also approved a merger in which Telecom Argentina, as the absorbing company, will merge Teledifusora San Miguel Arcangel S.A. effective January 1, 2026, and confirmed Price Waterhouse & Co. SRL as independent auditor for Fiscal Year 2026, alongside new Supervisory Committee and Audit Committee compositions.

Telecom Argentina S.A. has entered into a preliminary merger agreement to absorb its wholly owned subsidiary Teledifusora San Miguel Arcangel S.A. (TSMA), with Telecom as the surviving company. The merger is structured as a corporate reorganization under Argentine law, with an effective date of January 1, 2026, from which Telecom will assume all TSMA assets, liabilities, rights and obligations.

Telecom currently owns 100% of TSMA’s shares, so no share exchange is required, and TSMA will be dissolved without liquidation. The stated purpose is to unify operations of Telecom and TSMA to increase efficiency, synergy and cost reductions, optimizing use of the companies’ technical, administrative and financial structures. The agreement is based on special financial statements as of December 31, 2025 and remains subject to approval by corporate bodies and ratification by extraordinary shareholders’ meetings.

Telecom Argentina S.A. has entered into a preliminary merger agreement to absorb its wholly owned subsidiary Teledifusora San Miguel Arcangel S.A. (TSMA), with Telecom as the surviving company. The merger is structured as a corporate reorganization under Argentine law, with an effective date of January 1, 2026, from which Telecom will assume all TSMA assets, liabilities, rights and obligations.

Telecom currently owns 100% of TSMA’s shares, so no share exchange is required, and TSMA will be dissolved without liquidation. The stated purpose is to unify operations of Telecom and TSMA to increase efficiency, synergy and cost reductions, optimizing use of the companies’ technical, administrative and financial structures. The agreement is based on special financial statements as of December 31, 2025 and remains subject to approval by corporate bodies and ratification by extraordinary shareholders’ meetings.

Telecom Argentina SA filed an initial beneficial ownership report (Form 3) for officer Sebastian Palla, whose specific role is referenced as “See Remarks.” The excerpt shows no reported transactions or derivative positions, indicating this filing mainly establishes his status as an officer subject to insider reporting rules.

Telecom Argentina SA filed an initial beneficial ownership report (Form 3) for officer Sebastian Palla, whose specific role is referenced as “See Remarks.” The excerpt shows no reported transactions or derivative positions, indicating this filing mainly establishes his status as an officer subject to insider reporting rules.

Telecom Argentina SA director Carlos Alejandro Harrison filed an initial ownership report with no transactions disclosed. The Form 3 data show no purchases, sales, option exercises, gifts, or other equity movements, indicating this filing simply establishes his status as a reporting insider without changing his holdings.

Telecom Argentina SA director Carlos Alejandro Harrison filed an initial ownership report with no transactions disclosed. The Form 3 data show no purchases, sales, option exercises, gifts, or other equity movements, indicating this filing simply establishes his status as a reporting insider without changing his holdings.

TELECOM ARGENTINA SA filed an initial insider ownership report for officer Pedro Luis Lopez Matheu