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Telecom Argentina SA (TEO)This is an EDITABLE stock research wiki. You can contribute by clicking on the EDIT PAGE link above or on the page icons that appear when you roll over one of the category subtitles below. From 1Table of contents
Company Information:Company Address: Alicia Moreau de Justo 50 Piso 13 Buenos Aires, 1107
Company’s Web Address: http://www.telecom.com.ar
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Telecom Argentina S.A. (TEO), based in Buenos Aires, provides telecom services in Argentina and Paraguay. The company was created following the 1990 privatization of the former state-owned telecom monopoly, ENTel. Nortel Inversora, an entity controlled by France Telecom and Telecom Italia, has a 55% stake in Telecom Argentina. The company has a non-expiring license to provide fixed-line public telecommunications and basic telephone services in Argentina. Its wireless communications service in Argentina is offered through subsidiary Telecom Personal, while in Paraguay it operates through Nucleo. Other telephone-related services, such as international long-distance services, data transmission, Internet, wireless, and telephone directory publishing services are also provided. The company operates in three segments: Fixed Telephony, Wireless, and Directory Publishing. The fixed telephony segment includes voice, data, and Internet services. Revenues by business segment in the second quarter of 2008 were approximately 65% for wireless, and 35% for Fixed Telephony. The Cellular business remains the growth driver with approximately 13.1 million wireless subscribers as of June 30, 2008. On April 12, 2007, Telecom Argentina sold Publicom, its directory services subsidiary, for approximately US$60 million.
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