TCMFFNYSETelephone Communications (No Radiotelephone)US GAAP · USD

Telecom Argentina SA

Telecom Argentina SA is an Argentine integrated telecommunications group that provides mobile, internet, fixed-line, cable television, and data services. Its operations are organized around a single converged ICT services platform in Argentina, with additional related activities through subsidiaries and network assets.

Kysy yhtiöstä
Liikevaihto8 328,8mrd USD
+53,0 %v/v
Liikevoitto (EBIT)287,9mrd USD
−86,4 %v/v
EBIT-marginaali3,5%
−35,4 %-yks.v/v
Nettotulos−170,0mrd USD
−112,8 %v/v
Vapaa kassavirta895,2mrd USD
+63,1 %v/v

Tilikausi 2025 · muutos edellisvuodesta

Kehitys 2022–2025

−2 00002 0004 0006 0008 00010 000mrd USD2022: 4 944,8 mrd USD2022: EBIT −1 448,5 mrd USD20222023: 5 898,6 mrd USD2023: EBIT −1 490,6 mrd USD20232024: 5 443,0 mrd USD2024: EBIT 2 116,5 mrd USD20242025: 8 328,8 mrd USD2025: EBIT 287,9 mrd USD20258 328,8287,9
LiikevaihtoLiikevoitto (EBIT)

Liiketoiminta

Osuus liikevaihdosta
Mobile services35 %

Wireless voice, messaging, and mobile data services provided on the group's mobile network.

Broadband internet25 %

Residential and business internet access delivered over fixed and network infrastructure.

Cable television15 %

Subscription television and related video distribution services.

Fixed-line telephony10 %

Traditional fixed telephony and related access services.

Data and enterprise services10 %

Connectivity, data transmission, and business ICT services for corporate customers.

Other ICT and eliminations5 %

Interconnection, wholesale, and other services not separately disclosed.

Asiakkaat

Telecom Argentina serves mass-market consumers, households, and businesses that buy communications and connectivity services for daily use and work. The company also sells to corporate and institutional customers that need reliable fixed, mobile, and data connections across Argentina. Interconnection and related network services support other operators and subsidiaries within the group structure.

Residential consumers

Households buying mobile, broadband, fixed-line, and TV services for everyday communications and entertainment.

SMEs

Small and medium-sized businesses buying connectivity, voice, and basic data services for operations.

Large enterprise and institutional

Corporate and public-sector customers buying data, connectivity, and integrated ICT solutions.

Wholesale and interconnection

Other operators and network counterparties buying interconnection and related network access.

Intra-group services

Group entities that use shared network, intercompany, and support services within the consolidated structure.

Strategia

The company is focused on operating Telecom as a single converged ICT platform, combining mobile, fixed, internet, and TV services under one network and commercial model. Its priorities also include maintaining network investment, expanding coverage and capacity, and supporting financing needs tied to debt and capital expenditure. This structure is meant to improve service quality, customer experience, and resource allocation across the business.

Converged network integrationKeskipitkä aikaväli

A single operating model lets the company cross-sell services and manage capex across mobile, internet, TV, and fixed lines.

Network expansion and modernizationKeskipitkä aikaväli

Coverage, speed, and capacity investment is central to retaining customers and supporting traffic growth.

Financing flexibilityLyhyt aikaväli

The business requires access to capital markets and bank funding to refinance debt and support investment.

Maantiede

Telecom Argentina is centered on Argentina, where it operates its converged ICT services network and where most of its assets, customers, and capital spending are concentrated. The report also notes foreign subsidiaries and intercompany transactions, but the business is managed as a single operating unit in Argentina. Geography matters because network buildout, regulatory frameworks, and currency conditions are all tied to the domestic market.

Riskit

Telecom Argentina is exposed to Argentine macroeconomic volatility, regulatory change, and foreign-exchange and financing risk because most revenues, costs, and capital spending are tied to a single domestic market. The business also faces execution risk from large network investments and from integrating multiple ICT services on shared infrastructure. As in most telecom businesses, competition, technology shifts, and asset impairment judgments can affect reported performance and capital intensity.

Järjestetty vakavuuden mukaan
MatalaKohtalainenKorkeaMatalaKohtalainenKorkeaVaikutus →Todennäköisyys →Macroeconomic and currency risk in Argentina1Refinancing and liquidity access2Regulatory and pricing risk3Capital intensity and execution risk4Impairment of goodwill and intangible assets5
Vaikutus on riskin vakavuus ja todennäköisyys sen toteutumisen todennäköisyys lähivuosina, molemmat arvioitu yhtiön raporttien perusteella. Numerot vastaavat listaa.
  1. Macroeconomic and currency risk in ArgentinaVaikutus: KorkeaTodennäköisyys: Korkea

    The company operates primarily in Argentina, so inflation, devaluation, and local financing conditions directly affect operating economics and debt capacity.

    KohdistuuDomestic revenuesCostsBorrowings
  2. Refinancing and liquidity accessVaikutus: KorkeaTodennäköisyys: Kohtalainen

    Management expects access to domestic and international capital markets to refinance debt if needed, so funding conditions are important to continuity of investment and obligations.

    Kohdistuu: Outstanding borrowings and capex funding

  3. Regulatory and pricing riskVaikutus: KeskitasoTodennäköisyys: Korkea

    Telecommunications is heavily regulated, and service terms, competition rules, and pricing frameworks can influence margins and investment returns.

    KohdistuuMobileFixedBroadbandTV services
  4. Capital intensity and execution riskVaikutus: KeskitasoTodennäköisyys: Korkea

    Network expansion in fiber, cable, 4G, and 5G requires sustained capex and project execution across a large infrastructure base.

    Kohdistuu: Network rollout and customer experience

  5. Impairment of goodwill and intangible assetsVaikutus: KeskitasoTodennäköisyys: Kohtalainen

    Telecom businesses carry significant network, spectrum, and goodwill balances that can be sensitive to expected cash flows and regulatory conditions.

    KohdistuuGoodwillPP&EIntangible assets

Kirjanpito

Harkinnanvaraiset erät
Inflation accounting / current currency

Statements are prepared in current Argentine pesos, so inflation indexing affects revenue, costs, assets, and equity comparability.

Vaikutus: Affects reported trends and carrying values

Property, plant and equipment capitalization

Large amounts of network investment are capitalized and later depreciated, making capex timing important to earnings.

Vaikutus: Influences depreciation and asset base

Right-of-use assets and lease liabilities

Network and real-estate leases are material in telecom and affect leverage and EBITDA-style metrics.

Vaikutus: Affects balance sheet and financing ratios

Goodwill and intangible assets

Acquisitions and network licenses can create significant intangible balances that may be impaired if cash flows weaken.

Vaikutus: Could create non-cash impairment charges

Provisions and allowances

The company discloses provisions, allowances, and contingent items that require estimates and can move earnings.

Vaikutus: Can affect expense recognition and liabilities

Samankaltaisia listattuja yhtiöitä

Julkisesti listattuja yhtiöitä, joilla on samankaltainen liiketoiminta.

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Päivitetty: 28.9.2026