Telecom Argentina Stet – France Telecom (TEO) has released an update.
Telecom Argentina S.A. has announced a proposal to address its retained earnings deficit by absorbing a significant negative balance with its voluntary reserve funds, with further considerations for reclassification and potential dividends once specific financial conditions are met. The company’s Board of Directors seeks shareholder approval to grant them the flexibility to manage the reserve and distribute dividends according to future financial circumstances.
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