Telecom Argentina: Improving Business, But Too Risky To Touch

2026-03-09 18:01:04 ET

Introduction: A Time Of Change For Argentina And Telecom Argentina

It's been around five years since I last covered Telecom Argentina ( TEO ). At the time, the outlook for Argentina and its incumbent telco, the company that's the topic here, looked bleak, to put it mildly. The Covid pandemic was in full effect, the annual inflation reached sky-high triple-digit percentages, and Telecom Argentina was not allowed to compensate for inflation with price increases . The policy to restrict telecom price hikes was set because rising subscription prices during Covid would risk cutting off Argentinians from essential communications services. This was not acceptable at a time when people were constrained in their movements or forced to work from home. While understandable from a societal perspective, it resulted in annual double-digit declines in revenue in real terms for Telecom Argentina....

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