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 an integrated telecommunications company providing fixed, mobile, broadband, pay television, and digital services primarily in Argentina and Paraguay. The company operates across the telecommunications and information and communications technology (ICT) industries, serving individual consumers, small and medium-sized enterprises, large corporations, and government entities. Its core offerings include mobile voice and data services, fixed-line telephony, broadband internet, cable television, and value-added digital solutions.
Founded in 1990 as part of Argentina’s telecommunications privatization, Telecom Argentina evolved from a traditional fixed-line operator into a convergent telecom provider. A major strategic milestone was the merger with Cablevisión in 2018, which significantly expanded its broadband and pay-TV footprint and strengthened its position as one of the country’s leading integrated telecom operators. The company’s scale, extensive network infrastructure, and bundled service capabilities represent key competitive advantages in its core markets.
Business Operations
Telecom Argentina generates revenue through multiple operating segments, primarily Mobile Services, Fixed-Line Services, Broadband and Pay Television, and Digital and ICT Services. Mobile services include voice, messaging, and data under the Personal brand, while fixed and broadband services are delivered largely through the Telecom and Cablevisión platforms. Revenue is driven mainly by recurring subscription fees, usage-based charges, and enterprise service contracts.
The company operates extensive network assets, including mobile 4G/LTE infrastructure, expanding 5G deployments, fiber-optic networks, and cable broadband systems. International operations are primarily conducted through Núcleo S.A. in Paraguay, which offers mobile, internet, and digital services. Telecom Argentina also maintains partnerships with global technology providers to support network modernization, cloud services, cybersecurity, and enterprise digital solutions.
Strategic Position & Investments
Telecom Argentina’s strategy focuses on network investment, service convergence, and digital transformation. Key growth initiatives include the expansion of fiber-to-the-home coverage, continued deployment of 5G technology, and the development of digital platforms such as cloud services, fintech-related solutions, cybersecurity, and Internet of Things (IoT) offerings. These initiatives are intended to increase average revenue per user and reduce churn through bundled service offerings.
The company has made significant capital investments in network infrastructure and spectrum acquisitions, particularly following regulatory approvals for 5G services in Argentina. Notable subsidiaries include Cablevisión Holding, Telecom Personal, and Núcleo S.A., which together form the backbone of its regional operations. Investments in digital services and enterprise solutions reflect Telecom Argentina’s positioning beyond traditional connectivity into higher-margin technology services.
Geographic Footprint
Telecom Argentina’s principal operations are concentrated in Argentina, where it maintains nationwide coverage across urban and rural areas through mobile, fixed, and broadband networks. The company’s headquarters are located in Buenos Aires, serving as the central hub for strategic, financial, and operational management.
Internationally, Telecom Argentina has a significant presence in Paraguay through Núcleo S.A., where it operates as a leading mobile and digital services provider. While its geographic footprint is primarily regional rather than global, the company’s cross-border operations and regional investments give it meaningful influence within the Southern Cone telecommunications market.
Leadership & Governance
Telecom Argentina is led by an experienced executive team with backgrounds in telecommunications, finance, and large-scale infrastructure management. The leadership emphasizes long-term investment, operational efficiency, and technological innovation to sustain competitiveness in a highly regulated and capital-intensive industry. Corporate governance follows Argentine regulatory requirements and international standards applicable to publicly traded companies.
Key executives include:
- Roberto Nobile – Chief Executive Officer
- Carlos Winograd – Chief Financial Officer
- Juan Manuel Abal Medina – Chairman of the Board
- Darío Werthein – Vice Chairman
- Marcelo Tarakdjian – Chief Operating Officer