TEO, US8792732096

Telecom Argentina accepts USD 450 million offer. Santander targets Telecom Argentina stock at USD 22

Published on 10/18/2026 at 13:46 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Santander initiated coverage at Outperform on October 16, 2026. A USD 450.00 million Metrotel asset sale now frames Telecom Argentina stock.

Deal, target and operating scale

Grupo Santander set a USD 22.00 target on October 16, 2026.
Telecom Argentina accepted a USD 450.00 million Metrotel offer on October 14, 2026.
Telecom Argentina had a USD 5.8 billion market capitalization on October 16, 2026.
The company served 33 million customers and employed more than 19,000 people.

TEO, US8792732096, Illustration mit AI erstellt.

Telecom Argentina (ISIN US8792732096) received a USD 22.00 price target and an Outperform rating from Grupo Santander on October 16, 2026, according to Markets Insider. The rating arrived two days after Telecom Argentina accepted a USD 450.00 million offer from Metrotel for specified subscribers, spectrum rights and network assets.

A USD 450 million asset transfer

StockTitan reported that Telecom Argentina's board resolved on October 14, 2026, to accept Metrotel's offer after approval by Argentina's antitrust tribunal. The transaction covers mobile and residential internet customer packages, radiofrequency rights, the network core and fiber-to-the-home infrastructure in Buenos Aires.

The consideration consists of USD 450.00 million plus value-added tax and other applicable taxes, payable in installments. The filing also describes a framework sharing agreement covering roaming, radio access network sharing and infrastructure co-location, alongside transitional services and a Tuenti trademark license.

What does the sale change?

The transaction separates selected customer and infrastructure assets while preserving operating links through the sharing agreement. That structure matters because the consideration includes both the asset transfer and a guaranteed minimum under the agreement, rather than a single upfront payment.

Customers support the scale

Telecom Argentina's investor-relations page describes a converged business spanning mobile services, fixed and mobile internet, cable television, fintech and technology solutions. The company says it serves 33 million customers and has more than 19,000 employees across operations in Argentina, Paraguay, Uruguay, the United States and Chile, according to Telecom Argentina.

Value and market position

On October 16, 2026, Telecom Argentina had a USD 5.8 billion market capitalization. Its 52-week range was USD 7.07 to USD 16.34, giving the Santander target a valuation context alongside the Metrotel transaction.

The further course of trading is shown by the continuously updated real-time quote of Telecom Argentina stock.