Telecom Argentina shareholders approve merger of Teledifusora San Miguel Arcangel into company

• Telecom Argentina shareholders met April 29, 2026, signing off on financial statements and related reports for fiscal year 2025.
• Shareholders endorsed a plan to absorb AR$ 135.64 billion of negative retained earnings from a voluntary reserve, reclassify AR$ 126.4 billion from that reserve to contributed surplus, leaving contributed surplus at AR$ 3.46 trillion.
• Board was authorized to withdraw all or part of that voluntary reserve before Dec. 31, 2026, to distribute dividends in cash or in kind for up to US$ 300 million; authorization does not by itself execute any payout.
• Shareholders backed a merger reorganization under which Telecom Argentina, as surviving company, would absorb Teledifusora San Miguel Arcangel effective Jan. 1, 2026; merger execution remains subject to required steps outside the meeting.
• Price Waterhouse & Co. was appointed independent auditor for fiscal year 2026; audit committee was authorized to set engagement terms and allow fee advances.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Telecom Argentina SA published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001104659-26-051779), on April 29, 2026, and is solely responsible for the information contained therein.