MergerApr 29, 2026, 05:27 PM
TEO Shareholders Approve TSMA Merger, $300M Dividend Authority
AI Summary
Telecom Argentina S.A. (TEO) shareholders approved the merger with Teledifusora San Miguel Arcangel S.A. (TSMA), effective January 1, 2026. The meeting also authorized the Board of Directors to distribute dividends in cash or kind up to US$300 million before December 31, 2026. Additionally, shareholders approved the financial documentation for Fiscal Year 2025, absorbed a negative retained earnings balance of AR$135.64 billion, and reclassified AR$126.40 billion from voluntary reserve to contributed surplus.
Key Highlights
- Shareholders approved the merger of Telecom Argentina S.A. with Teledifusora San Miguel Arcangel S.A. (TSMA), effective January 1, 2026.
- Board authorized to distribute dividends up to US$300 million before December 31, 2026.
- Negative retained earnings of AR$135,642,104,918 as of December 31, 2025, were absorbed from voluntary reserve.
- AR$126,397,129,903 was reclassified from voluntary reserve to contributed surplus.
- Compensation for Board of Directors for FY2025 approved at AR$6,822,234,989.
- Compensation for Supervisory Committee for FY2025 approved at AR$470,003,765.
- Independent Auditors' compensation for FY2025 approved at AR$1,735,224,000.
- Price Waterhouse & Co SRL appointed as Independent Auditor for Fiscal Year 2026.