Telecom Argentina TEO

Telecom Argentina S. A. is a leading telecommunications and technology provider operating primarily in Argentina and selected international markets. The company offers mobile telephony internet cable television fixed line data services and fintech solutions. It serves residential corporate wholesale and government customers across the region. Telecom Argentina S. A. is one of the largest private sector companies in Argentina by revenues net income capital expenditures and employee count.

The company generates revenue mainly from subscription fees for mobile internet and cable television services. Additional revenue comes from equipment sales wholesale connectivity fees advertising and fintech transaction fees. Personal Pay the company's digital wallet contributes income from payments transfers and credit offerings. Wholesale services provide interconnection data transit and infrastructure services to other operators.

The company operates through the following segments: ICT Services provided in Argentina Personal Network ICT Services provided in Argentina TMA Network and Other segments.

• The ICT Services provided in Argentina Personal Network segment comprises Telecom Argentina and its Argentine subsidiaries excluding TMA and offers mobile telephony internet cable television fixed line data services cloud IoT cybersecurity and smart home solutions all marketed under the Personal brand.

• The ICT Services provided in Argentina TMA Network segment covers the operations of the subsidiary TMA which provides mobile and fixed telephony fixed broadband video services and wholesale connectivity across Argentina using its own network infrastructure.

• The Other segments segment consists of ICT services provided abroad in Paraguay the United States Uruguay and Chile and fintech activities conducted through Micro Sistemas and related subsidiaries offering digital wallet payment processing and financial services under the Personal Pay brand.

Telecom Argentina S. A. ranks among the largest telecommunications cable television and data transmission service providers in Argentina and is a leading cable television operator across Latin America. The company competes with major players such as AMX Argentina Telecentro DirecTV and in the mobile space with Personal and TMA as well as regional operators like Claro and Gigared. Competitive advantages stem from its extensive nationwide network coverage strong brand recognition integrated product portfolio and growing fintech capabilities. The company's scale and diversified service mix enable it to maintain a solid market position despite intense competition.

The company serves more than 62 million customers for high speed fixed and mobile connectivity across its operating territories. In Argentina it has approximately 19.9 million mobile customers 4.2 million internet subscribers 3.3 million cable television subscribers and 2.7 million fixed telephony lines. The TMA subsidiary adds about 19.1 million mobile customers 1.6 million internet users and 0.4 million television customers. Abroad the Paraguay operation provides roughly 2.6 million mobile customers 0.3 million internet users and 0.1 million cable television customers while Uruguay contributes about 0.1 million customers. Fintech services through Personal Pay reach around 4.7 million users in Argentina and 1.0 million users in Paraguay. The customer base includes residential households corporate enterprises government agencies and wholesale telecommunications operators.