TELECOM ARGENTINA SA Business Summary

Telecom Argentina SA (TEO) operates as a premier "quad-play" telecommunications provider, generating the vast majority of its revenue through a recurring subscription-based model across mobile, fixed broadband, pay TV, and fixed telephony services. Following its landmark $1.245 billion acquisition of Telefónica Móviles Argentina (TMA) in early 2025, the company has solidified its position as the undisputed market leader, commanding approximately 61% of the mobile market and over 45% of the broadband segment. Its primary revenue streams are categorized into Mobile Services (contributing over 50% of consolidated sales), Fixed Broadband & Pay TV (approx. 36%), and a growing Fintech and Digital Services segment anchored by its Personal Pay platform. Within this highly concentrated landscape, Telecom Argentina maintains a dominant competitive edge over its primary rivals, Movistar (Telefónica de Argentina), Claro (América Móvil), and Telecentro, by leveraging its superior network convergence and high-speed fiber-to-the-home (FTTH) infrastructure. The company's strategic direction is led by CEO Roberto Daniel Nóbile, a Harvard Business School AMP graduate and CPA with a deep pedigree in Argentine media and telco, having previously served as COO of Telecom and CFO of Arte Gráfico Editorial Argentino. He is supported by Chairman Carlos Alberto Moltini, the former CEO who orchestrated the pivotal 2018 merger with Cablevisión S.A., and CTO Miguel Angel Fernández, an electrical engineer and IAE-MBA who previously held top technical roles at Multicanal. As of February 2026, the finance function is managed by Interim CFO Federico Pra following the late-2025 departure of Gabriel Blasi. Originally established in 1990 through the privatization of the state monopoly ENTel, the modern entity is primarily controlled by major shareholders Cablevisión Holding S.A. and David Martínez’s Fintech Telecom LLC, with a board that includes notable industry veterans such as Vice Chairman Mariano Marcelo Ibáñez and Director Luca Luciani.