Telecom Argentina ADR earnings beat by $0.05, revenue topped estimates

Telecom Argentina (NYSE:TEO) reported Q3 capital expenditures of $350M, with net debt decreasing 9% YoY to $2.9B. 5G sites expanded to 1,900. Postpaid mobile lines grew 1% YoY, broadband increased 2.5%, and pay TV grew nearly 5%. EBITDA margin excluding TMA exceeded 42%. The company agreed to a $400M divestment with Metrotel, aiming for future integration.

Telecom Argentina (TEO) reported Q3 2026 earnings with revenue of $1.74B, matching expectations, and EPS of $0.31, beating forecasts by 20%. Despite Argentina's 33.4% inflation, the company expanded EBITDA margins to 36.1% and doubled free cash flow to $231M. Net debt decreased by 9%. The company is accelerating 5G and fiber rollout, with 5G sites tripling to 1,900. Shares closed at $10.57, up 0.38%.

Telecom Argentina increased capex by 44% to $354 million, adding 887 5G sites. It reported 17.94 million mobile subscribers and $1.78 billion in Q3 revenue. The company also entered a $450 million agreement with Metrotel, covering 6.01 million mobile customers and infrastructure.

Telecom Argentina S.A. reported a net loss of P$56,615 million for Q3 2026 and a net income of P$862,959 million for the nine-month period. Revenues increased 18% YoY to US$1,778 million, while EBITDA rose 37% to US$642 million. The company's net debt decreased 9% to US$2,927 million. Results were affected by inflation, asset sales, and extraordinary discounts at TMA.

TELECOM ARGENTINA SA (TEO) furnished an SEC Form 6-K — earnings release. Yes ¨ No x 2 Contacts: Luis Fernando Rial Ubago - lfrialubago@personal.com.ar Tomás Pellicori - tlpellicori@personal.com.ar Market Cap: USD 4,557.2 million 1 Telecom Argentina S.A. announces consolidated results for the nine-month period (“9M26”) and third quarter of fiscal year

Telecom Argentina (TEO) agreed to sell 6 million mobile customers to Metrotel for $450M, as required by antitrust regulators. The sale is part of Telecom's $1.245B takeover of Telefónica's Argentine unit, approved with conditions in June 2026. Metrotel, now owned by Argentine and US investors, will operate the mobile business under the Tuenti brand. The deal is subject to final regulatory approvals.