Telecom Argentina ( (TEO) ) just unveiled an announcement.
On April 1, 2025, Telecom Argentina held its Ordinary General Shareholders’ Meeting, where several key resolutions were adopted. The shareholders approved a significant increase of US$1.2 billion in the maximum outstanding amount of the company’s Medium Term Note Program, raising it to US$4.2 billion. This strategic move is aimed at enhancing the company’s financial flexibility and supporting its growth initiatives. Additionally, the shareholders granted broad powers to the Board of Directors to determine and modify the terms and conditions of the program, allowing for greater agility in managing the issuance and re-issuance of notes under the program.
More about Telecom Argentina
Telecom Argentina S.A. operates in the telecommunications industry, providing a range of services including fixed-line telephony, mobile communications, and broadband internet services. The company is based in Buenos Aires, Argentina, and focuses on delivering comprehensive communication solutions to both residential and business customers across the country.
YTD Price Performance: -26.16%
Average Trading Volume: 210,956
Technical Sentiment Signal: Sell
Current Market Cap: $5.47B
See more insights into TEO stock on TipRanks’ Stock Analysis page.