Company: TCMFF
Filing Date: 2025-02-28
Form Type: 20-F
Source: 0001104659-25-019133
Chunk: 342

Company: TELECOM ARGENTINA SA
Filing Date: 2025-02-28
Form: 20-F
Item: Item 18
Chunk 342
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 Football Association (“AFA”), for the provision of services for a system called “Argentine Football System Administration” (“AFA Plus Project”). In September 2014, the AFA notified the Company of its decision to terminate the contract.
The Company did not accept the AFA’s proposal for compensation for investments and expenses incurred, considering it insufficient, and on December 19, 2018, it filed a lawsuit against the AFA for the sum of $ 353 million plus interest and court costs.
The Company’s Management, with the assistance of its external advisors, considers that it has solid factual and legal arguments to have its claims addressed.
​
NOTE 20 – PURCHASE COMMITMENTS
The Company has entered into various purchase commitments with domestic and foreign suppliers amounting to approximately $991,572 million (of which $189,654 million corresponds to Fixed Assets commitments) and $1,277,815 million (of which $303,027 million corresponds to Fixed Assets commitments) as of December 31, 2024 and 2023, respectively. These purchase commitments include those that contain “take or pay” clauses, which force the buyer to purchase a quantity of a product or service in a period, usually annually, or, alternatively, to pay that amount even if it has not been taken or accepted to receive it.

F-

TELECOM ARGENTINA S.A.

The table below details commitments within one year and beyond one year:
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            ​               ​       ​        ​          ​    
-------------------------------------------------------------
​                           ​              As of December 31,
​                           2024           2023              
Committed within one year        414,586              647,407
Committed beyond one year        576,986              630,408
​                                991,572            1,277,815
​
​
NOTE 21 – EQUITY

(a)   Capital Stock
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As of December 31, 2024 and 2023, the total capital stock of Telecom Argentina amounted to $2,153,688,011, represented by the same number of common book-entry shares with nominal value of $1, as detailed below:
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       ​          ​         ​      
-----------------------------------
Class of Shares               Total
Class “A”               683,856,600
Class “B”               628,058,019
Class “C”                   106,734
Class “D”               841,666,658
Total