Telecom Argentina S.A.

Telecom Argentina S.A.

TCMFF
Telecom Argentina S.A.US flagOther OTC
2.05
USD
- -
- -
4.42BMarket Cap
Telecom Argentina S.A.
TCMFF
(Other OTC)

Recent

price

2.05

P/E

ratio

- -

div

yld

- -

ROIC.AI

2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
FRC
14.86
18.79
22.47
27.87
34.4
41.78
62.33
56.62
163.42
226.15
411.74
1,198.43
2,295.98
2,738.84
2,527.29
3,867.23
4,498.07
Revenue per Share
1.97
2.55
2.73
3.27
3.79
3.51
10.79
8.27
5.15
-4.19
-7.8
24.4
-654.4
-342.81
618.39
-78.94
338.77
Basic EPS, GAAP
1.92
2.35
1.73
2.84
-3.49
-1.96
6.76
2.46
-0.16
29.71
62.24
151.84
288.26
205.09
254.88
415.67
547.82
Free Cash Flow per Basic Share
1.07
0.93
0.84
1
1.34
0.88
3.1
2.22
33.09
33.9
0.5
- -
- -
- -
- -
9.42
9.42
Dividend per Share
6.51
8.15
10.12
12.16
14.88
17.74
19.95
29.92
161.21
192.85
268.04
489.59
1,151.45
2,191.98
3,313.62
3,187.03
4,100.05
Book Value per Share
5.25
6.64
8.58
10.59
9.38
9.84
12.12
9.72
32.7
23.63
18.59
16.36
67.63
-285.63
95.24
-116.85
285.17
Tangible Book Value per Share
984
984
984
979
969
969
969
1,811
2,154
2,154
2,154
2,154
2,154
2,154
2,154
2,154
2,154
Basic Weighted Avg Shares
14,627
18,498
22,117
27,287
33,341
40,496
60,405
102,531
351,948
487,067
886,765
2,581,043
4,944,819
5,898,611
5,442,958
8,328,814
9,687,480
Sales/Revenue/Turnover
35.91
35.84
34.38
33.84
34.66
35.27
37.96
39.21
32.72
29.13
10.35
2.05
-0.52
-2.71
-0.74
10.34
16.05
Operating Margin (%)
1,712
2,158
2,612
2,873
3,243
4,438
7,883
15,082
69,157
120,675
241,741
814,484
1,689,811
2,017,138
1,726,512
2,048,480
2,080,960
Depreciation Expense
1,935
2,513
2,685
3,202
3,673
3,403
10,457
14,969
11,089
-9,034
-16,803
52,559
-1,409,383
-738,306
1,331,805
-170,006
729,618
Net Income, GAAP
35.57
35.43
34.87
35.51
34.53
33
36.32
35.88
- -
137.81
262.19
77.02
- -
- -
28.37
- -
31.41
Effective Tax Rate (%)
13.23
13.59
12.14
11.73
11.02
8.4
17.31
14.6
3.15
-1.85
-1.89
2.04
-28.5
-12.52
24.47
-2.04
7.53
Profit Margin (%)
-886
-69
1,103
701
-2,704
-5,422
-949
-7,995
-30,703
-47,927
-79,678
-195,636
-545,993
-1,360,017
-1,583,257
-2,004,488
-1,535,668
Working Capital
121
115
101
220
254
1,449
8,646
14,626
91,177
163,877
249,888
418,489
1,104,011
3,539,804
2,557,716
4,059,337
4,758,197
LT Debt
6,511
8,165
10,158
12,051
14,769
17,610
19,878
55,028
352,150
421,827
586,944
1,071,114
2,530,351
4,889,729
7,280,927
6,983,308
8,926,442
Total Equity
46.42
51.16
48.79
48.37
51.29
48.21
51.46
48.54
- -
-9.59
-19.2
0.94
- -
- -
-0.27
- -
7.98
Return on Invested Capital (%)
31.22
34.43
29.14
28.52
27.26
20.57
42.31
30.76
- -
-3.36
-12.35
5.44
- -
- -
13.87
- -
8.67
Return on Capital (%)
32.49
34.84
29.87
29.45
28.04
21.53
57.25
40.72
5.53
-2.37
-3.39
6.44
-79.75
-20.51
22.46
-2.43
9.69
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
1,766,361
1,453,482
1,255,990
LT Borrowings
3,820,071
4,185,143
4,495,565
LT Finance Leases
239,266
251,779
262,632
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
2,154
2,154
2,154
Market Capitalization
3,125,817
583,849
2,246,590

Working Capital

FRC

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
1,833,812
2,175,050
2,095,893
Cash, Cash Equivalents & STI
771,661
1,069,765
956,689
Accounts Receivable, Net
799,188
797,814
813,280
Inventories
79,530
67,930
87,741
Total Current Liabilities
3,838,300
3,743,164
3,631,561
Payables & Accruals
1,836,973
2,084,150
2,200,211
ST Debt
1,766,361
1,453,482
1,255,990
Deferred Revenue
62,064
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
114.54%
71.36%
-4.09%
Free Cash Flow
-1,915.46%
58.46%
63.08%
Net Income, GAAP
-350.61%
-727.02%
-112.77%
Sales/Revenue/Turnover
82.98%
69.45%
53.02%
Total Cash Common Dividend
- -
- -
1,780.07%

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
1,066,430
1,193,554
1,295,358
1,285,255
5,442,958
2025
1,806,103
2,549,353
2,065,211
2,706,253
8,328,814
2026
2,357,686
2,558,330
- -
- -
- -

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
486.73
35.35
-10.01
34.25
618.39
2025
54.84
-110.5
-93.03
55.32
-78.94
2026
295.62
80.86
- -
- -
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
- -
2025
- -
- -
- -
9.42
9.42
2026
- -
- -
- -
- -
- -
Business
Telecom Argentina S.A. (Ticker: TCMFF) operates as a leading telecommunications and entertainment provider in Argentina, offering fixed-line telephony, mobile services under the Personal brand, high-speed fixed and mobile internet access through Arnet and Flow platforms, cable television services via Flow, data transmission solutions, IT and cloud services including cybersecurity and IoT for enterprises, and digital content platforms encompassing on-demand video, music, gaming, and pay TV bundles; it also provides wholesale fixed services in the United States and cybersecurity products in Chile. Founded in 1990 through the privatization of state-owned ENTel and headquartered at Alicia Moreau de Justo 50 in Buenos Aires, the company serves over 30 million clients across fixed and mobile segments with more than 21,000 employees, extending operations into Paraguay via a 67.5% stake in mobile provider Núcleo S.A. (Personal brand), Uruguay through cable television services and Antel resale partnerships, and select international wholesale offerings. Controlled by holding company Sofora Telecomunicaciones with significant influence from Telecom Italia, Telecom Argentina focuses on northern Argentina's fixed infrastructure while competing nationwide in converged quadruple-play services targeting households, small businesses, and large enterprises. In early 2025, the company completed its transformative US$1.245 billion acquisition of Telefónica's Argentine operations following regulatory approvals from ENACOM and CNDC, integrating Telefónica's fixed-line and fiber-to-the-home assets to expand southern provincial reach, enhance 5G deployment, drive AI-powered enterprise solutions, and achieve cost efficiencies through network consolidation; this follows nearly US$7 billion in investments since 2017 and supports accelerated digital infrastructure expansion amid industry M&A trends.

Company News

  • Telecom Argentina (OTCMKTS:TCMFF) Trading Down 30.2% – Here’s Why