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Don't Expect A Quick Recovery For Telecom Argentina

Aug. 03, 2021 1:32 PM ETTelecom Argentina S.A. (TEO)3 Comments
Joris Gijzendorffen profile picture
Joris Gijzendorffen


  • The pandemic had, and still has, a significant negative impact on the business performance of Telecom Argentina. Shares are trading near decade lows.
  • The Argentinian economic situation was already bad before the pandemic, but things have gotten worse with rising unemployment and falling GDP.
  • Significant sovereign debt challenges remain for Argentina. Negotiations with the IMF about the sovereign debt, scheduled in Q1 2022, will be crucial.
  • The inflation adjusted top line will show a significant year-over-year decline again in the upcoming Q2 2021 earnings report. Things may stabilize somewhat after that, but growth will remain elusive.

Computerprogrammeur bij koffie die aan covid-19 het volgen mobiele toepassing werkt
alvarez/E+ via Getty Images

Argentinian Telecoms In Crisis

When writing an article about a South American telco operator, especially during the Corona crisis, it's almost mandatory to start with some remarks about the economic circumstances in the country where the business is

Data by YCharts

This article was written by

Joris Gijzendorffen profile picture
TMT sector professional. Over 20 years of experience working in the sector in Europe and outside Europe. Decade of investing experience to keep in close touch with companies and themes that are relevant for my work.Companies where I worked are among others: KPN, Chellomedia, Liberty Global, UPC Cablecom Switzerland, Get Sweden, Ooredoo Middle East, Cell C South Africa, Du Dubai, Axiata South East Asia, Celcom Malaysia, Vodafone.

Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

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