Company: TCMFF
Filing Date: 2025-05-19
Form Type: 6-K
Source: 0001104659-25-050264
Chunk: 18

Company: TELECOM ARGENTINA SA
Filing Date: 2025-05-19
Form: 6-K
Chunk 18
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 |    10,352 |     |     |    30,208 |     |   |        (65.7 | ) |     |              |  (19,856 | ) |
| Total Revenues and Other income                  |     |                         | 2,521,733 |     |     | 2,557,852 |     |   |         (1.4 | ) |     |              |  (36,119 | ) |

During 2024, total revenues
amounted to P$2,511,381 million, compared to P$ 2,527,644 million in 2023. This 0.6% or P$16,263 million decrease in 2024 was mainly due
to lower volume of mobile handset sales after the devaluation of the Argentine Peso in December 2023, while mobile service revenues
increased 7.0%.

Services revenues amounted
to P$2,210,603 million in 2024, increasing 4.0% as compared to P$2,125,334 million in 2023. These revenues represented 88% of TMA’s
total revenues.

Handset sales amounted to
P$296,210 million in 2024 as compared to P$396,713 million in 2023 and represented 11.8% of revenues.

Other income in 2024 amounted
to P$10,352 million as compared to P$30,208 million in 2023, a P$19,856 million decrease compared to the previous year, mainly due to
(i) a decrease in profit from the sale of scrap material and other items, (ii) a decrease in profit from the sale of other assets,
and (iii) a reduction in penalties for breach of contract.

The effect generated by the restatement in current currency as of December 31, 2024, increased revenues and other income by P$433,269
million and P$1,910,089 million in 2024 and 2023, respectively.

Mobile Services

Mobile services revenues in 2024amounted to P$1,467,273 million (an increase of P$96,090 million or 7.0% as compared to 2023) being the
principal contributor to TMA’s total revenues for 2024 (58.4% of revenues in 2024 as compared to 54.2% in 2023).

The effect generated by the