Telecom Argentina S.A. has entered into a preliminary merger agreement to absorb its wholly-owned subsidiary Teledifusora San Miguel Arcangel S.A., effective January 1, 2026, aiming to increase operational efficiency and cost reductions.
Key takeaways
Telecom Argentina will merge with its wholly-owned subsidiary TSMA, with Telecom as the surviving company, effective January 1, 2026.
The merger aims to unify operations, increase efficiency, achieve synergies, reduce costs, and optimize technical, administrative, and financial structures.
No share exchange is required as Telecom already owns 100% of TSMA's shares, and TSMA will be dissolved without liquidation upon merger completion.
The merger is based on financial positions as of December 31, 2025, and requires approval from administrative bodies and extraordinary shareholder meetings.
TSMA's capital stock is AR$1,190,413 represented by 1,190,413 shares, while Telecom's capital stock is AR$2,153,688,011 represented by 2,153,688,011 shares as of December 31, 2024.