• Telecom Argentina Stet - France Telecom S.A average return on tangible equity for 2023 was -303.64, a 162.01% increase from 2022.
• Telecom Argentina Stet - France Telecom S.A average return on tangible equity for 2022 was -115.89, a 2679.14% increase from 2021.
• Telecom Argentina Stet - France Telecom S.A average return on tangible equity for 2021 was -4.17, a 37.29% increase from 2020.

Return on tangible equity can be defined as the amount of net income returned as a percentage of shareholders equity, after subtracting intangible assets, goodwill and preferred equity.