Telecom Argentina is a leading telecommunications provider in Argentina, offering a comprehensive range of services that includes fixed-line and mobile telephony, internet access, and pay television. The company plays a crucial role in the country's communications infrastructure, enabling connectivity for both individual consumers and businesses. With a focus on innovation and customer service, Telecom Argentina continuously seeks to enhance its service offerings and expand its reach across the nation, helping to support economic growth and digital transformation in the region. Read More
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.
Telecom Argentina SA (TEO) offers its customers telephone-related services in Argentina, Paraguay, Uruguay, and the United States. Over the past year, Telecom Argentina's share price rose 48.8% from $5.16 to $8.08 as of Tuesday’s market close.
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 FY23 include the effects of the adoption of inflationary accounting in accordance with IAS 29. Finally, comments related to variations of results of FY23 and vs. FY22 mentioned in this press release correspond to "figures restated by inflation" or "constant".
Javier Milei swore in as Argentina's new president with a promise of radical change for the nation's economy. He inherited inflation soaring over 140%, and projected potential inflation rates reaching 15,000%. He promised to reduce government spending and improve Buenos Aires-Washington relations.
U.S. stocks traded mostly lower, with the Dow Jones falling around 50 points on Monday. Shares of Ituran Location and Control Ltd. (NASDAQ: ITRN) gained during Monday’s session after the company reported third-quarter financial results.
