Telecom Argentina is one of Argentina's largest telecommunications providers, offering mobile, broadband internet, cable TV, and fixed/data services primarily in Argentina, with smaller operations in Paraguay, Uruguay, the U.S., and Chile. The company serves residential, corporate, and government customers under two networks: the legacy Personal network and the recently acquired TMA network (formerly Telefónica Argentina), which operates under the Movistar brand and remains a separate business unit pending antitrust clearance. Together, the two networks give Telecom Argentina approximately 39 million mobile customers in Argentina and over 62 million total customers across all services and geographies. Revenue is primarily subscription-based, driven by mobile subscriber counts and ARPU, broadband plan tiers, and cable TV fees. Telecom Argentina bundles mobile, broadband, and TV into convergent packages to reduce churn and increase revenue per customer. The company is actively migrating broadband customers to FTTH and expanding 5G coverage to support higher-speed plans at higher price points. Beyond consumer services, Telecom Argentina sells cloud, cybersecurity, datacenter, and IoT services to corporate and government customers under the Personal Tech brand. The company also operates Personal Pay, a fintech business with roughly 4.7 million users in Argentina, recently converted into a joint venture with Banco Macro. The business is capital-intensive, with heavy ongoing investment in network infrastructure. Operating in Argentina's high-inflation economy means real performance hinges on the company's ability to pass tariff increases through to customers while managing costs denominated in both pesos and U.S. dollars.