Telecom Argentina (Personal)
Telecom Argentina, also known as Personal, is a publicly owned company headquartered in Argentina. Founded in 1990, it employs approximately 9,680 individuals and reported $4.7B in revenue as of 2025. Primarily focused on telecoms, it operates as a subsidiary of Grupo Clarin and maintains subsidiaries including Movistar Argentina, Personal Flow Uruguay, and Personal Paraguay (Nucleo). The company functions as the major local telephone provider for the northern part of Argentina, with its operations encompassing the entirety of Buenos Aires.

2025 Revenue

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Founded

1990

Headcount

10,000

Headquarters

Argentina

Primary Segment

Telecoms

Ownership

Publicly Owned

News Summary:

Telecom Argentina recently received two new disbursements totaling US$120 million under a financing proposal submitted in May 2019, allocating the proceeds to capital investments for improving telecommunications infrastructure in Argentina. This follows its 1Q25 earnings release, which reported a strong improvement in EBITDA margin and CAPEX, including a 40% increase in EBITDA and a 15.3% CAPEX over revenues ratio, alongside improved cash flow generation and a well-balanced debt maturity profile as of March 2025. On September 17, 2026, Telecom Argentina also published its 2022 Integrated Annual Report, detailing its financial and non-financial performance, including revenues of $729,182 million and investments of $120,071 million in infrastructure, while highlighting its transformation into a techco. Previously, the company reported strong financial performance in 4Q25 and FY25, achieving its highest EBITDA margin since 2020 at 33.7% (excluding TMA), growing Service Revenues in real terms for the first time since the application of IAS 29 in Argentina, and maintaining a strong cash position of US$541 million. This follows the company's decision to adopt Google Cloud tools as part of its hybrid multi-cloud strategy to accelerate technical incident resolution and digitalize operations for its over 30 million customers.

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Telecom Argentina (Personal) offers 8 products in the connectivity and cloud and media and telecoms services industries. Telecom Argentina (Personal)'s product portfolio comprises of telecoms, enterprise connectivity services, media and TV services and consumer electronics.
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Telecom Argentina (Personal)'s revenues were $4.7B in 2025. Caretta Research has split Telecom Argentina (Personal)'s revenue into 9 different product categories, the largest of which is enterprise broadband and voice, which represents 17% of Telecom Argentina (Personal)'s revenue.
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Sep
17th
2026
05:31
Sep
17th
2026
05:31
M&A Activities, Financial Results, B2B Tag, M&A Activities, Financial Performance
Telecom Argentina Reports 1Q25 Earnings Release: Strong Improvement in EBITDA Margin and CAPEX
Telecom Argentina's 1Q25 earnings release highlights a strong improvement in EBITDA margin and CAPEX, with a 40% increase in EBITDA and a 15.3% CAPEX over revenues ratio. The company's consolidated technical CAPEX breakdown shows a 55% allocation to network and technology, 34% to installations and CPE, and 11% to international capex. The company's cash flow generation also improved, with a 40% increase in FCF generation. The debt maturity profile as of March 2025 shows a well-balanced profile, with approximately 73% of debt in US$, RMB, and GUA. The acquisition of TMA by TEO presents an opportunity to upgrade the connectivity in Argentina and upscale the operations of Telecom.
Personal
Sep
17th
2026
05:14
ESG, Financial Results, B2B Tag, Financial Performance
Telecom Argentina 2022 Integrated Annual Report
Telecom Argentina published its 2022 Integrated Annual Report, covering financial and non-financial performance. The report includes compliance with GRI standards, IFRS financial reporting, and ESG aspects. It details operations in Argentina, Paraguay, and Uruguay, with external assurance by PwC Argentina. The company reported revenues of $729,182 million and invested $120,071 million in infrastructure. It issued notes in the local market and secured credit lines, including $184.5 million from IFC. The company distributed dividends in kind totaling $31,634 million. Telecom emphasized its transformation into a techco, expanding into IoT, fintech, cybersecurity, and smart home solutions. It maintained 21,729 employees and extended 78,000 km of fiber optic network. The company was certified as a Great Place to Work and recognized in sustainability reporting and social contribution initiatives.
Personal
Sep
17th
2026
05:14
Sep
17th
2026
05:07
Sep
11th
2026
06:30
Aug
31st
2026
20:27
Aug
21st
2026
06:30
Aug
14th
2026
02:51
Aug
13th
2026
01:00
Aug
13th
2026
00:54
Aug
13th
2026
00:12
Examples of Telecom Argentina (Personal)'s suppliers include Google, Vistance Networks and ZTE.

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Telecom Argentina (Personal) currently holds broadcasting rights for sports competitions including soccer | association football.

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