Company: TCMFF
Filing Date: 2025-08-12
Form Type: 6-K
Source: 0001104659-25-076939
Chunk: 18

Company: TELECOM ARGENTINA SA
Filing Date: 2025-08-12
Form: 6-K
Chunk 18
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144 |
| Non-taxable items – Other                                        |       -16,917 |    -2,597 |
| Restatement in current currency of Equity, goodwill and other    |       450,253 |   966,544 |
| Subtotal                                                         |       393,999 | 2,670,036 |
| Average statutory income tax rate                                |        33.10% |    34.69% |
| Income tax expense at statutory tax rate of each company         |      -130,428 |  -926,223 |
| Deferred tax liability restatement in current currency and other |       294,043 | 1,268,391 |
| Income tax inflation adjustment                                  |      -196,330 |  -845,463 |
| Income tax on cash dividends of foreign companies                |        -1,758 |      -720 |
| Income tax expense (*)                                           |       -34,473 |  -504,015 |
| Current tax                                                      |      -223,343 |    -7,721 |
| Deferred tax                                                     |       188,870 |  -496,294 |
| Income tax expense                                               |       -34,473 |  -504,015 |

(*) Includes $(485) million and $3,780 million for
the six-month periods ended June 30, 2025 and 2024, respectively, corresponding to adjustments made in the respective 2024 and 2023 tax
returns. It also includes $298 million for the six-month period ended June 30, 2024, related to a creditable withholding originated in
the subsidiary MFH, which is not an income tax liable entity.

<div align='center'>F-23</div>

| TELECOM        
 ARGENTINA S.A. |

NOTE 9 – PROVISIONS AND ALLOWANCES

The evolution of the allowances deducted from the asset (excluding PP&E
and intangible assets) is detailed below:

|                                               | Trade receivables |          | Other receivables |          | Inventories |          |
|                                               |          06.30.25 | 06.30.24 |          06.30.25 | 06.30.24 |    06.30.25 | 06.30.24 |
| At the beginning of the year                  |          -109,028 |  -88,033 |            -1,553 |   -4,396 |      -8,959 |   -3