Telecom Argentina Shares Fall as Weaker Peso Stokes Debt Worry

Shares of Telecom Argentina SA fell in Buenos Aires as the country’s currency weakened against the dollar, stoking concern among traders that the company may face higher costs to service its hard-currency debt.

• TECO2 AR dropped 6.7%, it’s biggest one-day fall since February, bucking broader gains across Argentine assets as President Javier Milei eases most currency-market restrictions
  • Telecom’s American depositary receipts edge 0.2% higher, trimming earlier gains of as much as 11.6%
  • Most of the company’s revenues are denominated in pesos while roughly 70% of its debt is dollar or dollar-linked, according to a Morgan Stanley note dated Feb. 5 ...