Company: TCMFF
Filing Date: 2025-05-13
Form Type: 6-K
Source: 0001104659-25-047837
Chunk: 2

Company: TELECOM ARGENTINA SA
Filing Date: 2025-05-13
Form: 6-K
Chunk 2
---
: Micro Sistemas S.A.U., Pem S.A.U., Cable Imagen S.R.L., AVC Continente
Audiovisual S.A., Inter Radios S.A.U., Personal Smarthome S.A., NYS2 S.A.U., Negocios y Servicios S.A.U., Red Intercable Satelital S.A.U.,Manda
S.A. and Teledifusora San Miguel Arcángel S.A..

NYSE:New York Stock Exchange.

OPH:Name corresponding
to company Open Pass Holding LLC that is a joint venture of Telecom Argentina.

PPA:Purchase Price Allocation

PP&E:Properties, plant and equipment.

RECPAM (Resultado por exposición a los cambios en el poder adquisitivo de la moneda): Inflation Adjustment Gain (Loss).

Roaming:
a function that enables mobile subscribers to use the service on networks of operators other than the one with which they signed their
initial contract. The roaming service is active when a mobile device is used in a foreign country (included in the GSM network).

SOF:Secured Overnight Financing

<div align='center'>F-1

TELECOM ARGENTINA S.A.</div>

Telecom:Telecom Argentina and its consolidated subsidiaries.

Telecom USA/ Núcleo/ Personal Envíos/ Televisión Dirigida/ Adesol/ Opalker/ Ubiquo/ MFH/ Naperville/ Saturn / CrediPay/ Parklet:Names corresponding
to foreign companies Telecom Argentina USA Inc., Núcleo S.A.E., Personal Envíos S.A., Televisión Dirigida S.A., Adesol
S.A., Opalker S.A., Ubiquo Chile Spa,Micro Fintech Holding LLC, Naperville Investments LLC, Saturn Holding LLC, CrediPay S.A. and Parklet
S.A., respectively, companies that are directly or indirectly controlled according to the definition of the General Corporations Law.

TMA:
Telefónica Móviles Argentina S.A.

USA:United States of America

UVA (Unidad de Valor Adquisitivo):Purchasing Value Unit, an index developed and published by the Banco Central de la República
Argentina.

VER TV:Ver T.V. S.A.

<div align='center'>F-2

TELECOM ARGENTINA S.A.</div>

CONSOLIDATED STATEMENTS OF FINANCIAL POSITION

(In millions of Argentine pesos in current currency