Fundamental Data for TEO

TELECOM ARGENTINA holds a license to provide basic telephone service andfixes telecommunications links in the northern region of the ArgentineRepublic. The Company contributes to the countrys economic and socialdevelopment by means of incorporating the latest technological advancesachieved to-date in the field of telecommunications world-wide.

# Employees: 13457

Address: Alicia Moreau de Justo 50 C1107AAB),Buenos Aires,,ARG

Phone:

Fax:

Website: www.telecom.com.ar

Email:

Sector: Utilities

Industry: UTIL-TELEPHONE

Executive Officers

Amadeo R. V??zquez (Chmn.)

Alberto Messano (Vice Chmn.)

Carlos Felices (C.E.O.)

Valerio Cavallo (C.F.O.; Contr.)

Franco Livini (Dir.,)

Dividend

Ex-Dividend Date: N/A

Annual Dividend: N/A

Current Dividend Yield: N/A

Dividend Paid (3 months): N/A

Indicated Dividend: N/A

Earnings

Last Earnings Date: 12/31/2008

Next Earnings Date(Expected): 11/10/2009

Mean EPS (Next Qtr): $0.51

Mean EPS (Year): $1.88

Mean Estimate(Long Term): $5.20

P/E Ratio(Based on EPS estimate): 8.800

Number of Estimates: 5

Shares Performance

Period	TEO	Compare to S&P
YTD	117.37 %	79.90 %
4 Weeks	-8.07 %	-9.06 %
12 Weeks	11.47 %	5.09 %

Shares Information

Analyst Coverage: Y

Avg Volume: 146043

Shares Outstanding: 196M

Market Cap: $3.25B

52 Week High: $18.05

52 Week Low: $6.55

P/E Ratio: 17.210

PEG Ratio: 1.690

Split: On 8/28/1997 TEO split by factor of 2.000

Earnings Performance

EPS Growth in Last Quarter: 422.22 %

EPS Growth in Last Year: 327.27 %

Sales Growth in Last Quarter: 3.38 %

Sales Growth in Last Quarter: -10.32 %

Financials

Qtr Book Value: $2.47

Cash Flow/Share: $4.55

Change in Payout Ratio: -0.010

Price/Sales: 1.040