Telecom Argentina ( (TEO) ) just unveiled an update.
On March 24, 2025, Telecom Argentina S.A. announced that it has been ordered by the Secretary of Industry and Commerce to refrain from any integration or consolidation activities with Telefónica Móviles Argentina S.A. for six months or until a further decision is made. This resolution, issued in accordance with Argentine antitrust laws, aims to prevent any legal or commercial acts that could suggest a merger between the two companies. Despite this provisional measure, Telecom Argentina emphasized that both companies have been operating independently with separate management prior to this announcement.
More about Telecom Argentina
Telecom Argentina S.A. operates in the telecommunications industry, providing a range of services including mobile, fixed-line, and broadband internet services primarily in Argentina.
YTD Price Performance: -18.04%
Average Trading Volume: 215,614
Technical Sentiment Signal: Sell
Current Market Cap: $5.81B
For a thorough assessment of TEO stock, go to TipRanks’ Stock Analysis page.