Dividend Power Score
A single, comprehensive score designed to measure the true strength of a company’s dividend.
This score combines three essential pillars of dividend quality:
Consistency – Measures how reliable the dividend has been over time, focusing on payment history, stability, and the absence of cuts or suspensions.
Payability – Assesses the company’s financial ability to sustain its dividend, taking into account cash flow, earnings coverage, balance sheet strength, and overall financial health.
Growth – Evaluates the long-term growth of both the dividend and the company’s share price, highlighting businesses that consistently increase payouts while creating shareholder value.
Higher scores identify companies that have historically delivered dependable income alongside sustained dividend growth and long-term capital appreciation.
Company Overview
Telecom Argentina S.A. is a leading integrated telecommunications company operating primarily in Argentina and Paraguay, providing fixed-line, mobile, broadband, and pay-TV services. The company operates across the telecommunications and digital services industries, serving individual consumers, small and medium-sized enterprises, large corporations, and government entities. Its business model is centered on bundled connectivity and digital solutions delivered through nationwide networks.
The company’s primary revenue drivers include mobile voice and data services, fixed broadband internet, cable television, and corporate data and IT services. Telecom Argentina holds a strong competitive position due to its extensive network infrastructure, large subscriber base, and convergence strategy that integrates mobile and fixed services. Founded in 1990 as part of Argentina’s telecommunications privatization, the company evolved through mergers and regulatory changes, most notably the 2017 merger with Cablevisión S.A., which transformed it into a fully convergent telecom and media operator.
Business Operations
Telecom Argentina operates through several core business segments, including Mobile Services, Fixed Broadband and Telephony, Pay Television, and Digital and Corporate Services. The Personal brand delivers mobile and broadband services, while Flow provides pay-TV and streaming services. Revenue is generated primarily through subscription-based recurring services, usage-based mobile data plans, and enterprise contracts.
The company controls extensive telecommunications assets, including mobile spectrum licenses, fiber-optic networks, cable infrastructure, and data centers. Operations extend beyond Argentina through Núcleo S.A., its Paraguayan subsidiary operating under the Personal Paraguay brand. Telecom Argentina also maintains strategic technology partnerships with global network equipment and software providers to support network upgrades and service innovation.
Strategic Position & Investments
Telecom Argentina’s strategic direction emphasizes network modernization, digital transformation, and service convergence. Growth initiatives focus on expanding fiber-to-the-home deployment, increasing mobile data capacity through 4G and 5G technologies, and enhancing digital platforms for entertainment and financial services. The company has made sustained capital investments to improve network quality and expand coverage.
A defining strategic move was the acquisition and integration of Cablevisión S.A., which enabled cross-selling opportunities and economies of scale. Telecom Argentina also invests in emerging digital services such as cloud solutions, cybersecurity, Internet of Things applications, and digital content distribution through its Telecom Digital initiatives. These investments aim to diversify revenue streams beyond traditional telecommunications.
Geographic Footprint
Telecom Argentina’s headquarters are located in Buenos Aires, Argentina, with operations spanning all major urban and many rural regions of the country. Its nationwide presence includes extensive mobile coverage and fixed broadband infrastructure, making it one of the most geographically comprehensive telecom operators in Argentina.
Internationally, the company operates in Paraguay through Núcleo S.A., where it provides mobile and broadband services. While its core revenue base remains concentrated in Argentina, Telecom Argentina’s regional footprint in South America positions it as a significant telecommunications player with cross-border operational influence.
Leadership & Governance
Telecom Argentina is governed by a board of directors and an executive management team responsible for strategic execution, regulatory compliance, and operational performance. The company’s leadership philosophy emphasizes long-term infrastructure investment, technological innovation, and sustainable value creation in regulated markets.
Key executives include:
- Roberto Nobile – Chief Executive Officer
- Carlos Felices – Chief Financial Officer
- Darío Werthein – Chairman of the Board
- Guillermo Bove – Chief Operating Officer
- Sofía Chiesi – Chief Human Resources Officer
The leadership team oversees the company’s transformation into a convergent digital services provider while navigating economic volatility and regulatory complexity in its core markets.