Quarterly ResultAug 7, 2026, 09:12 AM
Telecom Argentina 1H26 Net Income P$869B; Revenues P$5.08T
AI Summary
Telecom Argentina S.A. reported a consolidated net income of P$869,038 million for the first half of 2026, a significant turnaround from a net loss in the prior year period. Consolidated revenues reached P$5,075,511 million, with service revenues growing 16.0% year-over-year, partly due to the full consolidation of TMA. The company also saw an improvement in its operating income margin and a decrease in net financial debt. Additionally, the Argentine Antitrust Tribunal issued a resolution requiring the transfer of 6 million mobile customers and 211,400 internet subscribers as a condition for the TMA acquisition.
Key Highlights
- 1H26 Consolidated Net Income P$869,038 million (vs. P$100,900 million net loss in 1H25).
- 1H26 Consolidated Revenues P$5,075,511 million; Service Revenues P$4,888,908 million (+16.0% vs. 1H25).
- 1H26 Operating Income before D, A & I margin 35.8% (+5.8 p.p. vs. 1H25).
- 1H26 Consolidated CAPEX P$946,470 million (+47.3% vs. 1H25).
- Consolidated Net Financial Debt P$4,646,726 million as of June 30, 2026 (-14.7% vs. Dec 31, 2025).
- Argentine Antitrust Tribunal requires transfer of 6M mobile customers and 211.4K internet subscribers.
- Telecom (ex-TMA) mobile accesses 19.4M (-7.1%); TMA mobile accesses 19.5M (+1.2%).
- Telecom (ex-TMA) TV accesses 3.4M (+6.6%); TMA TV accesses 0.4M (+6.5%).
Price Impact
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