UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
Washington,
D.C. 20549
FORM 6-K
REPORT
OF FOREIGN PRIVATE ISSUER
Pursuant
to Rule 13a-16 or 15d-16
of
the Securities Exchange Act of 1934
For
the month of November 2024
Commission
File Number: 001-13464
Telecom
Argentina S.A.
(Translation
of registrant’s name into English)
General
Hornos, No. 690, 1272
Buenos
Aires, Argentina
(Address
of principal executive offices)
Indicate
by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F:
|
Contacts:
Luis Fernando Rial Ubago - lfrialubago@teco.com.ar
Tomás Pellicori - tlpellicori@teco.com.ar |
Market
Cap (NYSE: TEO): US$4,384.9 million*
|
|
Telecom Argentina S.A.
announces consolidated results
for the nine-month period
(“9M24”) and third quarter of fiscal year 2024 (“3Q24”) **
Note: For the figures included
in the FFSS, the Company has accounted for the effects of inflation adjustment adopted by Resolution 777/18 of the Comisión Nacional
de Valores (“CNV”), which establishes that the restatement will be applied to annual financial statements, interim and special
periods ending as of December 31, 2018, inclusive. Accordingly, the reported figures corresponding to 9M24 include the effects of
the adoption of inflationary accounting in accordance with IAS 29. Therefore, comments related to variations of results between 9M24 and
9M23 mentioned in this press release correspond to “figures restated by inflation” or “constant” figures. Moreover,
Table 3 shows information broken down by segment for periods ended as of September 30 of 2024 and 2023, as analyzed by the
Executive Committee and the CEO, who receive periodically the financial information of Telecom and its subsidiaries (in historical values).
For further details, please refer to the titles of the financial tables beginning on page 11. |
| · | For analysis purposes, it should
be noted that the results presented on a comparative basis (September 2023) include the effect of the year-over-year inflation as
of September 2024, which was 209%. |
| · | The Company's Consolidated
Revenues amounted to P$2,852,341 million in 9M24 (-10.4% in constant currency compared to 9M23). The evolution of Service Revenues shows
a trend of recovery in real terms that consolidated during 3Q24 (+2.5% and +6.0% compared to 2Q24 and 1Q24, respectively). Meanwhile,
Service Revenues during the first nine months of 2024 totaled P$2,682,307 million (-9.1% compared to the first nine months of 2023), in
a context where year-over-year inflation remains at high levels. |
| · | During 9M24, the customer base
in Argentina showed growth: mobile accesses increased to 21.4 million (+668 thousand compared to 9M23). Meanwhile, cable TV subscribers
also increased, totaling 3.2 million in the same period (+49.5 thousand compared to 9M23). Finally, broadband totaled 4.0 million accesses
(-46.9 thousand compared to 9M23). |
| · | During 9M24 the margin of
Operating Income before Depreciation, Amortization, and Impairments of Fixed Assets ("Operating Income before D, A & I")
over revenues registered 28.8%, stable when compared with 9M23. During 9M24, Operating Income before D, A & I totaled P$822,296
million. |
| · | Due to the real appreciation
of the Argentine peso against the US dollar during 9M24 (due to inflation being higher than devaluation during the period), the Company
recorded a net income of P$951,912 million (compared to an income of P$263,157 million in 9M23), mainly explained by gains from exchange
rate differences in real terms included in Financial Results. |
| · | CAPEX (excluding right-of-use
assets) during the 9M24 represented 13.0% of Consolidated Revenues. Investments (including right-of-use assets) amounted to P$538,119
million in 9M24 (-7.0% in constant currency vs. 9M23), which represents 18.9% of our Consolidated Revenues. |
| · | Net Financial Debt totaled
P$2,325,294 million as of September 30, 2024, decreasing in real terms (-37.6% in constant currency vs. December 31, 2023). |
*Market capitalization
as of November 5, 2024
**Unaudited non-financial
information
*(Figures may not add
up due to rounding)
**
(in constant currency - includes right-of-use assets for P$166,117 million as of September 30, 2024 and for P$123,767 million as
of September 30, 2023)
***
(Includes IP telephony lines, which amounted to approximately 1.78 million and 1.42 million as of September 30, 2024, and September 30,
2023, respectively) – Not included in ARPU calculations.
| 1- Consolidated Revenues |
|
3- Operating Income
before D, A & I (EBITDA) |
| (in million P$) |
|
(in million P$) |
 |
|
 |
| |
|
|
| 2- Quarterly
Service Revenues |
|
4- Net
Income (Loss) |
| (in million P$) |
|
(in million P$) |
 |
|
 |
| |
|
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Buenos
Aires, November 7, 2024 - Telecom Argentina S.A. (“Telecom Argentina”) - (NYSE:
TEO; BYMA: TECO2), announced today a Net Income of P$951,912 million for the nine-month period ended September 30, 2024, mainly
explained by gains from exchange rate differences in real terms included in Financial Results. The Net Income attributable to the controlling
company was P$938,639 million.
It should be noted that comparative
figures for the previous fiscal year have been restated by inflation so that the resulting information is presented in terms of the current
measurement unit as of September 30, 2024.
The following table shows the evolution
of the national consumer price index (National CPI - according to INDEC’s official statistics) as of December 31, 2023, and
as of September 30, 2023, and 2024, used for the restatement of figures in constant currency:
| |
As of September 30,
2023 |
As of December 31,
2023 |
As of September 30,
2024 |
| Annual |
138.3% |
211.4% |
209.0% |
3-month cumulative
(Since June 2023/2024) |
34.8% |
n/a |
12.1% |
During 9M24, Consolidated Revenues
amounted to P$2,852,341 million, from which Service Revenues totaled P$2,682,307 million.
During 9M24, Service Revenues decreased
by 9.1% compared to 9M23, mainly due to the net effect of the price increases implemented by the Company on revenues being lower than
the year-on-year inflation rate, which stood at 209.0%. This is considering the discounts that were granted to customers to maintain
the client base amid intense market competition. However, a trend of recovery in Service Revenues in real terms has been observed, strengthening
during 3Q24 (+2.5% vs. 2Q24 – see chart No. 2 on page No. 2).
*As a percentage of Consolidated Revenues
Note: The average of ordinary shares
outstanding considered amounted to and 2,153,688,011 as of 9M24 and 9M23.
Consolidated
Revenues
Mobile Services
As of September 30, 2024, total
mobile subscribers in Argentina and Paraguay amounted to 23.9 million. In 9M24, mobile services revenues reached P$1,154,984 million
(- P$137,447 million or -10.6% vs. 9M23), obtaining the highest share in terms of service revenues (representing 43.1% and 43.8%
of service revenues in 9M24 and 9M23, respectively). In 3Q24, mobile service revenues amounted to P$401,005 million (-4.3% vs. 3Q23).
Mobile internet revenues in 9M24 and 9M23 were equivalent to 95% of the total revenues for these services.
Mobile Services in Argentina
As
of September 30, 2024, total mobile subscribers amounted to approximately 21.4 million (+668 thousand vs. 9M23). During 9M24, a
recovery in the postpaid base was observed, which increased by 0.5% vs. 9M23. Meanwhile, the prepaid base recorded a 5.4% increase, continuing
a favorable trend. As of September 30, 2024, postpaid accesses represented 38% of our mobile subscriber base.
In 9M24, mobile service revenues in
Argentina amounted to P$1,051,194 million (-P$134,993 million or -11.4% vs. 9M23). The average monthly revenue per user (“ARPU”)
amounted to P$5,458.9 during 9M24 (vs. P$6,367.0 in 9M23). The effect generated by the restatement in terms of the current measurement
unit as of September 30, 2024, included in the ARPU amounted to P$876.0 and P$4,903.5 for 9M24 and 9M23, respectively. The average
monthly churn rate was 1.5% in 9M24 (compared to an average of 1.8% in 9M23).
Personal in Paraguay (“Núcleo”)
As of September 30, 2024, Núcleo’s
subscriber base totaled 2.5 million. Of the total number of accesses, 74% correspond to prepaid plans and 26% to postpaid plans, whereas
as of September 30, 2023, prepaid accesses represented 78% and postpaid accesses represented 22%.
During 9M24, Mobile service revenues
in Paraguay reached P$103,790 million (- P$2,454 million or -2.3% vs. 9M23), due to a decrease in ARPU, mainly due to higher discounts
granted and migration to lower-value plans.
Internet
Services
Internet services revenues reached
P$725,497 million during 9M24 (+P$41,097 million or +6% vs. 9M23). In 3Q24, Internet services revenues totaled P$256,708 million
(+14.5% vs. 3Q23) showing strong growth in real terms. Total broadband base reached 4.0 million subscribers in 9M24 (-47 thousand vs.
9M23). The monthly churn rate of Internet services was 1.9% and 1.8% as of September 30, 2024, and 2023, respectively.
Additionally, broadband ARPU (restated
in constant currency as of September 30, 2024) amounted to P$18,657.7 in 9M24 (vs. P$17,604.7 in 9M23). The effect generated by
the restatement in terms of the measuring unit as of September 30, 2024, included in the ARPU amounted to P$2,970.2 and P$13,534.6
for 9M24 and 9M23, respectively.
Mobile
Services Revenues
(in billion P$)
Mobile
Consumption of
Personal in Argentina
Internet
Services Revenues
(in billion P$)
As of September 30, 2024, accesses
with a service of 100 Mb or higher represented 87% of the total customer base (vs. 84% as of September 30, 2023). In 9M24, accesses
with this speed or higher amounted to 3.5 million (+2.8% compared to 9M23).
Cable TV Services
Cable TV service revenues reached
P$413,757 million in 9M24 (-P$159,069 million or -27.8% vs. 9M23). In 3Q24, cable TV service revenues were P$141,214 million (-20.9%
vs. 3Q23). Cable TV subscribers, including Uruguay and Paraguay, exceeded 3.4 million (+53 thousand vs. 9M23). The monthly Cable TV ARPU
(restated in constant currency as of September 30, 2024) reached P$12,698.6 during 9M24 (vs. P$18,158.4 in 9M23). The effect generated
by the restatement in terms of the measuring unit as of September 30, 2024, included in the ARPU amounts to P$2,078.8 and P$14,009.8,
for 9M24 and 9M23, respectively.
The subscriber base in Argentina reached
3.2 million accesses as of September 30, 2024, reflecting a 1.6% increase compared to 9M23, driven by the Flow Full and Flow Flex
products. Starting in 3Q24, Flow Flex, which is 100% digital (no decoder or installation required), began being marketed as the main
product. Of this customer base, 1.5 million subscribed to Flow, and premium subscriptions as of 9M24 totaled 1.2 million, decreasing
7.7% compared to 9M23. The monthly churn for cable television stood at 2.1% as of September 30, 2024, compared to 1.8% as of September 30,
2023.
Fixed
Telephony and Data Services
Revenues generated by fixed telephony
and data services reached P$357,666 million in 9M24 (-P$17,533 million or -4.7% vs. 9M23). In 3Q24, fixed telephony and data services
revenues were P$109,506 million (-11.9% vs. 3Q23)
The monthly fixed voice ARPU (restated
in constant currency as of September 30, 2024) reached P$8,187.3 in 9M24 (vs. P$8,326.0 in 9M23). The effect generated by the restatement
in terms of the measuring unit as of September 30, 2024, included in the ARPU amounted to P$1,470.9 and P$6,511.9 for 9M24 and 9M23,
respectively.
Other Service Revenues
Other service revenues, primarily including fintech-related
services, billing and collection management revenue on behalf of third parties, administrative revenue, and advertising space sales revenue,
among others, reached P$30,403 million (+P$3,541 million or +13.2% compared to 9M23). In 3Q24, other service revenues were P$10,509 million
(+10.9% vs. 3Q23).
The main variation is driven by the increase in fintech
services in Argentina, mainly due to the growth in platform usage and the increase in the number of users.
Similarly, Personal Pay ended the period with 3.3
million customers (vs. 1.6 million in 9M23).
Revenues from equipment sales
Equipment revenues reached P$170,034
million (-P$63,342 million or -27.1% vs. 9M23). This variation is mainly due to a 22% decrease in the quantity of handsets sold compared
to 9M23. In 3Q24, equipment sales were P$64,199 million (-14% vs. 3Q23).
Pay TV Service Revenues
(in billion P$)
Fixed
Telephony and Data
Services Revenues (in
billion P$)
Consolidated Operating Costs
Consolidated Operating Costs (including
Depreciation, Amortization and Impairment of Fixed Assets) totaled P$2,958,707 million in 9M24 (-P$385,074 million or -11.5% vs. 9M23).
Excluding Depreciation, Amortization and Impairment of Fixed Assets, operating costs experienced a reduction of 10.4% in real terms during
the same period.
The cost breakdown was as follows:
| ● | Employee
benefits and severance payments: P$694.524 million in 9M24 (-9.4% vs. 9M23). Total employees
amounted to 20,247 as of September 30, 2024. |
| ● | Interconnection
and transmission costs (including roaming, international settlement charges and lease of
circuits): P$85,295 million (-8.4% vs. 9M23). |
| ● | Fees
for services, maintenance and materials: P$384,474 million in 9M24 (-4.0% compared to 9M23). |
| ● | Taxes
and fees paid to regulatory authorities: P$222,875 million (-9.3% vs. 9M23). |
| ● | Commissions
and advertising (commissions paid to agents, collection fees and other commissions): These
costs totaled P$155,421 million in 9M24 (-19.4% vs. 9M23). |
| ● | Cost
of handsets sold: P$131,773 million (-22.0% vs. 9M23). This variation is mainly due to a
decrease in the number of units sold compared to 9M23. |
| ● | Programming
and content costs: P$161,655 million (-9.6% vs. 9M23). |
| ● | Other
Costs totaled P$194,028 million (-11.8% vs. 9M23), of which bad debt expenses totaled P$58,695
million (-20.1% vs. 9M23). |
| ● | Our
bad debt ratio continued its favorable trend: it represented 2.1% of total revenues as of
September 30, 2024 (vs. 2.3% in 9M23). |
| ● | Other
operating costs, including charges for lawsuits and other contingencies, energy and other
public services, insurance, rents and internet capacity, among others, totaled P$135,333
million (-7.6% vs. 9M23). |
| ● | Depreciation,
amortization and impairment of fixed assets amounted to P$928,662 million (-13.7% vs. 9M23).
This charge includes the impact of the amortization of assets incorporated after September 30,
2023, partially offset by the effect of the assets that were completely amortized after such
date. |
Net Financial Results
Net Financial Results (including Financial
Expenses on Debt and Other Financial Results) showed an income of P$1,488,554 million in 9M24 (vs. an income of P$190,073 million in
9M23), mainly due to:
*Related to Notes issued in UVA
Exchange
gains from exchange rate differences, measured in real terms, are the result of inflation outpacing the appreciation of the US dollar
against the Argentine peso (101.6% vs. 20.0%, respectively in the 9M24).
Income Tax
Telecom’s income tax includes
the following effects:
| i) | the current income tax, determined based on the current tax legislation applicable
to Telecom, |
| ii) | the effect of applying the deferred tax method with respect to temporary
differences determined by comparing our asset and liability valuation according to tax and financial accounting criteria which includes
the effect of the income tax inflation adjustment. |
Income tax loss amounted
to P$422,092 million in 9M24 (vs. an income of P$234,411 million in 9M23). The loss related to item (i) above amounted to P$21,991
million in 9M24 (vs. a loss of P$3,575 million in 9M23) and the income tax effect related to the application of the deferred tax method
described in item (ii) above is a loss of P$400,101 million in 9M24 (vs. an income of P$237,986 million in 9M23).
Consolidated Net Financial Debt
As of September 30, 2024, our
net financial debt (cash, cash equivalents – net of Client Funds - plus financial investments and financial NDF* minus loans) is
passive and amounted to P$2,325,294 million, which represents a decrease of P$1,403,062 when compared to the net financial debt as of
December 31, 2023, restated by inflation.
* Contemplates rate swaps and NDF
(non-delivery forwards) agreements.
Investments in PP&E, intangible
assets and rights of use assets
During 9M24, the Company invested (including
rights of use assets) P$538,119 million (-7.0% vs. 9M23). Said investments represented 18.9% of consolidated revenues in 9M24. As of September 30,
2024, investments without considering right of use of assets totaled P$372,002 million (-18.2% vs. 9M23).
The investments were focused on:
| • | Expansion
of cable TV and internet services to improve transmission and access speed offered to customers. |
| • | Deployment and modernization of
our 4G mobile access sites to improve coverage and increase mobile network capacity. The deployment of 4G/LTE reached a coverage of 98%
of the population. Our mobile subscribers with access to our 4G network, according to Ookla's latest September 2024 benchmark, perceived
a better service experience, reaching average speeds of 66.1Mbps, compared to 34.3Mbps during the same period in 2023. |
| • | During the first nine months of
2024, we continued the expansion of our 5G network with the addition of 112 sites. |
| • | Additionally, we continue to expand
mobile site connectivity to achieve better quality and capacity by replacing radio links with high-capacity fiber optic connections. |
Relevant financial events of the period
IFC Prepayment
On August 15, 2024, the Company
applied part of the proceeds from the placement of Class 21 Notes issued on July 18, 2024, as follows:
| • | the sum of US$38,250,000.00 for
the total prepayment of the outstanding principal under the loan agreement dated March 4, 2019, between Telecom Argentina and the
International Finance Corporation (“IFC”), in accordance with clause 2.6(a) of said agreement; and |
| • | the sum of US$125,000,060.00 for
the partial prepayment of the outstanding principal under the loan agreement dated June 28, 2022, between Telecom Argentina and IFC,
in accordance with clause 2.6(a) of said agreement. |
IDB Prepayment
On September 3, 2024, the Company
applied part of the proceeds from the placement of Class 21 Notes issued on July 18, 2024, for the partial prepayment of the
outstanding principal under the loan agreement dated May 29, 2019, between Telecom Argentina and the Inter-American Investment Corporation,
in accordance with clause 2.6(a) of said agreement, for the sum of US$135,000,000.
Resolution – Nullity of Decree
690/2020
On September 25, 2024, the Company was notified of the decision by Chamber II of the Federal Court of Appeals on Administrative Litigation
Matters, which withdrew the extraordinary appeals filed by the Executive Power and ENACOM against the ruling of the aforementioned Court
of Appeals dated June 6, 2024, which upheld the first instance judgment that declared Decree 690/2020 and ENACOM Resolutions N°
1466/2020 and 1467/2020 null.
Additionally, on October 16, 2024,
the Company was notified of the decision of the Federal Administrative Court No. 8 to consider the case concluded and to be kept
in records.
Open Gateway and OpenXpand
Telecom continued advancing its API deployment roadmap, as the leader in the country's GSMA Open Gateway initiative, which drives innovation
by enabling developers and cloud providers to quickly implement services in a standardized manner, while proposing a new paradigm that
allows for the monetization of network assets.
In addition to the already launched
SIM SWAP and Number Verification APIs, Telecom added two new APIs, Device Location and Device Status, which also contribute to the security
and anti-fraud value proposition.
Recently, as a new step in its partnership
with Intraway, the Company introduced OpenXpand, a new digital platform whose purpose is to position itself as the primary partner for
telecommunications operators in the Latin American region to accelerate the adoption of the new business paradigm proposed by Open Gateway.
OpenXpand is a cloud-native, secure, and scalable platform that allows telecommunications operators in Latin America to expose and monetize
their networks through standardized APIs. These APIs enable applications across various industries, such as fintech or e-commerce, to
improve their digital workflows quickly and efficiently.
Investor Day - NYSE
During this period, the Company celebrated three uninterrupted decades of listing on the NYSE, where it began trading on December 9,
1994. As part of its anniversary at the
NYSE, the Company held an Investor
Day and had the opportunity to welcome financial analysts from international markets to present its business strategy.
Telecom is one of the 20 Argentine
companies listed on the world's largest financial center and the only technology company to have completed 30 years of uninterrupted listing
there.
Relevant events after September 30, 2024
Additional Class 21 International
Notes Issuance
In October 2024, the Company re-entered
the international credit markets again, reopening its Class 21 Notes as detailed below:
Offered
Nominal Value: USD 275,530,000
Number
of Offers Received: 75
Nominal
Value of Notes to be Issued: USD 200,000,000
Interest
Rate: 9.5% nominal annual, semiannual payments
Issue
Price: 103.286% of the Nominal Value of the Notes
Yield:
8.75%
Issuance
and Settlement Date: October 29, 2024
Repayment:
The principal of the Notes will be repaid in three installments as follows: (i) 33% of the principal on July 18, 2029; (ii) 33%
of the principal on July 18, 2030; (iii) 34% of the principal on the Maturity Date, July 18, 2031.
The expected use of proceeds is the
refinancing of existing debt. This transaction, along with other liability management transactions carried out during the quarter, has
allowed the Company to improve its average financing cost and extend the average maturity of its debt.
*******
Telecom Argentina is a leading telecommunications
company in Argentina, offering local and long distance fixed-line telephone, cellular, data transmission, and pay TV and Internet services,
among other services. Additionally, Telecom Argentina offers mobile, broadband and satellite TV services in Paraguay and pay TV services
in Uruguay. The Company commenced operations on November 8, 1990, upon the Argentine government’s transfer of the telecommunications
system in the northern region of Argentina.
As of September 30, 2024, Telecom
Argentina owns 2,153,688,011 issued and outstanding shares.
*Trustees: Hector Horacio
Magnetto and David Manuel Martínez Guzmán
For more information, please contact Investor Relations:
|
Luis Fernando Rial Ubago
lfrialubago@teco.com.ar
|
Tomás Pellicori
tlpellicori@teco.com.ar |
Livio Gentile
lagentile@teco.com.ar |
|
|
For information about Telecom Argentina’s services,
visit:
www.telecom.com.ar
www.personal.com.ar
www.personal.com.py
Disclaimer
This document may contain statements that
could constitute forward-looking statements, including, but not limited to (i) the Company’s expectations for its future performance,
revenues, income, earnings per share, capital expenditures, dividends, liquidity and capital structure; (ii) the continued synergies
expected from the merger between the Company and Cablevisión S.A. (or the Merger); (iii) the implementation of the Company’s
business strategy; (iv) the changing dynamics and growth in the telecommunications and cable markets in Argentina, Paraguay, Uruguay
and the United States; (v) the Company’s outlook for new and enhanced technologies; (vi) the effects of operating in a
competitive environment; (vii) the industry conditions; (viii) the outcome of certain legal proceedings; and (ix) regulatory
and legal developments. Forward-looking statements may be identified by words such as “anticipate,” “believe,”
“estimate,” “expect,” “intend,” “plan,” “project,” “will,” “may”
and “should” or other similar expressions. Forward-looking statements are not guarantees of future performance and involve
certain risks and uncertainties that are difficult to predict. In addition, certain forward-looking statements are based upon assumptions
as to future events that may not prove to be accurate. Many factors could cause actual results, performance or achievements of the Company
to be materially different from any future results, performance or achievements that may be expressed or implied by forward-looking statements.
These factors include, among others: (i) the Company’s ability to successfully implement our business strategy and to achieve
synergies resulting from the Merger; (ii) the Company’s ability to introduce new products and services that enable business
growth; (iii) uncertainties relating to political and economic conditions in Argentina, Paraguay, Uruguay and the United States,
including the policies of the new government in Argentina; (iv) the impact of political developments, including the policies of the
new government in Argentina, on the demand for securities of Argentine companies; (v) inflation, the devaluation of the peso, the
Guaraní and the Uruguayan peso and exchange rate risks in Argentina, Paraguay and Uruguay; (vi) restrictions on the ability
to exchange Argentine or Uruguayan pesos or Paraguayan guaraníes into foreign currencies and transfer funds abroad; (vii) the
impact of currency and exchange measures or restrictions on our ability to access the international markets and our ability to repay our
dollar-denominated indebtedness; (viii) the creditworthiness of our actual or potential customers; (ix) the nationalization,
expropriation and/or increased government intervention in companies; (x) technological changes; (xi) the impact of legal or
regulatory matters, changes in the interpretation of current or future regulations or reform and changes in the legal or regulatory environment
in which the Company operates, including regulatory developments such as sanctions regimes in other jurisdictions (e.g., the United States)
which impact on the Company’s suppliers; (xii) the effects of increased competition; (xiii) reliance on content produced
by third parties; (xiv) increasing cost of the Company’s supplies; (xv) inability to finance on reasonable terms capital
expenditures required to remain competitive; (xvi) fluctuations, whether seasonal or in response to adverse macro-economic developments,
in the demand for advertising; (xvii) the Company’s ability to compete and develop our business in the future; (xviii) the
impact of increased national or international restrictions on the transfer or use of telecommunications technology; and (xix) the
impact of the outbreak of COVID-19 on the global economy and specifically on the economies of the countries in which we operate, as well
as on our operations and financial performance. Many of these factors are macroeconomic and regulatory in nature and therefore beyond
the control of the Company’s management. Should one or more of these risks or uncertainties materialize, or underlying assumptions
prove incorrect, actual results may vary materially from those described herein as anticipated, believed, estimated, expected, intended,
planned or projected. The Company does not intend and does not assume any obligation to update the forward-looking statements contained
in this document. These forward-looking statements are based upon a number of assumptions and other important factors that could cause
our actual results, performance or achievements to differ materially from our future results, performance or achievements expressed or
implied by such forward-looking statements. Readers are encouraged to consult the Company’s Annual Report on Form 20-F and
the periodic filings made on Form 6-K, which are periodically filed with or furnished to the United States Securities and Exchange
Commission, as well as the presentations periodically filed before the Argentine Securities and Exchange Commission (Comisión Nacional
de Valores) and the Buenos Aires Stock Exchange (Bolsas y Mercados Argentinos), for further information concerning risks and uncertainties
faced by the Company.
(Financial tables follow)
*******
Telecom Argentina S.A.
Consolidated Information
Nine-month period and third quarter
– Fiscal Year 2024
(in million Argentine Pesos)
Telecom Argentina S.A.
Consolidated
Information
Nine-month period and third quarter
– Fiscal Year 2024
(in
million Argentine Pesos)
Telecom Argentina S.A.
Consolidated Information
Nine-month period and third quarter
– Fiscal Year 2024
(in
million Argentine Pesos)
Telecom Argentina S.A.
Consolidated Information
Nine-month period and third quarter
– Fiscal Year 2024
(in
million Argentine Pesos)
Telecom Argentina S.A.
Consolidated Information
Nine-month period and third quarter
– Fiscal Year 2024
(in
million Argentine Pesos)
Telecom Argentina S.A.
Consolidated Information
Nine-month period and third quarter
– Fiscal Year 2024
(in
million Argentine Pesos)
Telecom Argentina S.A.
Consolidated Information
Nine-month period and third quarter
– Fiscal Year 2024
(in
million Argentine Pesos)
SIGNATURES
Pursuant
to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by
the undersigned, thereunto duly authorized.
| |
Telecom Argentina S.A. |
| |
|
| Date: |
November 7, 2024 |
By: |
/s/ Luis Fernando Rial Ubago |
| |
|
|
Name: |
Luis Fernando Rial Ubago |
| |
|
|
Title: |
Responsible for Market Relations |
Grafico Azioni Telecom Argentina (NYSE:TEO)
Storico
Da Ott 2024 a Nov 2024
Grafico Azioni Telecom Argentina (NYSE:TEO)
Storico
Da Nov 2023 a Nov 2024
