Telecom Argentina reported a consolidated net income of P$869 billion for the first half of 2026. This result marks a sharp reversal from the P$100.9 billion loss recorded in the same period last year. Higher foreign exchange gains and the full six-month consolidation of the Telefónica Móviles Argentina (TMA) unit drove the positive performance.
Consolidated revenues for the first six months reached P$5.075 trillion. Service revenues grew 16% year-over-year on a consolidated basis. The company’s consolidated operating margin expanded to 35.8%.
Capital expenditures increased 47.3% to P$946.5 billion to support network investments. These expenditures represented 18.6% of total revenues.