PR Newswire·Nov 12, 2026, 6:40 PM ET

Telecom Argentina S.A. announces consolidated results for the nine-month period ("9M26") and third quarter of fiscal year 2026 ("3Q26")(2)

TEO

Telecom Argentina reported a consolidated Net Loss of P$66,216 million for the third quarter ended September 30, 2026, while recording a consolidated Net Income of P$837,345 million for the nine-month period.
Consolidated total revenues reached US$1,778 million in 3Q26, representing an 18% increase versus 3Q25, with service revenues rising 19% to US$1,714 million.
Adjusted EBITDA for 3Q26 totaled US$642 million, reflecting a 37% year-over-year increase with a margin of 36.1%.
Equity Free Cash Flow (EFCF) for the quarter reached US$231 million, a 96% increase compared to the prior year period.
The company recorded impairment losses of P$383,870 million in 3Q26 related to assets to be divested for the TMA acquisition, including P$370,683 million for the asset group and P$13,187 million for licenses to be returned.
Extraordinary discounts granted by TMA in 3Q26 amounted to approximately P$39,930 million, which reduced reported service revenues by 4.3% but would have resulted in 0.9% growth if excluded.
Mobile subscriber base in Argentina (Personal) decreased by 11.8% to 17.9 million due to disconnections of inactive prepaid lines, while TMA mobile subscribers in Argentina grew by 5.2% to 20.1 million.
Broadband accesses in Argentina increased by 2.5% to 4.2 million, while Pay TV subscribers grew by 4.3% to 3.6 million, driven by FIFA World Cup 2026 subscriptions.
Consolidated Net Debt stood at US$2,927 million as of September 30, 2026, a 9% decrease from 3Q25, with a Net Leverage ratio of 1.2x.
Capital expenditures (CAPEX) totaled US$354 million in 3Q26, a 44% increase, focused on 5G expansion, 4G deployment, and fiber optic network modernization.
On October 14, 2026, the Board approved the divestiture of 6,005,425 mobile customers and related infrastructure to Metrotel for US$450 million to facilitate TMA acquisition approval.
The Argentine annual inflation rate reached 33.4% as of September 30, 2026, with the BNA ask FX rate at 1,517 P$/US$.
Other service revenues declined by 47.3% in 3Q26 due to the loss of control of Micro Sistemas, which ceased consolidation in the first quarter of 2026.
Fixed telephony and data service revenues decreased by 22.2% in 3Q26, while internet and cable TV service revenues remained relatively stable when excluding TMA discount effects.

Company: Telecom Argentina
Keywords: Telecom Argentina