Company: TCMFF
Filing Date: 2025-05-13
Form Type: 6-K
Source: 0001104659-25-047837
Chunk: 39

Company: TELECOM ARGENTINA SA
Filing Date: 2025-05-13
Form: 6-K
Chunk 39
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 31, 2025, which contributed $4,548 million. Excluding the impact of the consolidation of TMA, the
increase was mainly due to price increases in almost all cable television signals, partially offset by commercial efficiency.

The effect generated by the restatement in current
currency as of March 31, 2025 included in Programming and content costs amounted to $2,104 million and $24,665 million in 3M25 and 3M24,
respectively.

Bad debt expenses

Bad debt expensesamounted to $25,650 million in 3M25, decreasing $889 million or 3.3% compared to 3M24, representing 1.9% and 2.5% of the revenues
in 3M25 and 3M24, respectively. Bad debt expenses contain $4,532 million corresponding to the consolidation of TMA as of March 31, 2025.
Excluding the impact of the consolidation of TMA, the decrease is mainly due to continuing credit recovery actions.

The effect generated by the restatement in current
currency as of March 31, 2025 included in Bad debt expenses amounted to $626 million and $11,036 million in 3M25 and 3M24, respectively.

Other operating expenses, net

Other operating expenses, net (which include legal claims and contingent liabilities, energy and other public services, insurance, rentals and internet capacity, among others)amounted to $68,592 million in 3M25, increasing $26,034 million or 61.2% compared to 3M24. The increase was mainly
due to the consolidation of TMA, as of March 31, 2025, which contributed $15,867 million. Excluding the impact of the consolidation of
TMA, the increase was mainly due to higher charges in energy costs, insurance and rentals, partially offset by lower charges in legal
claims, contingent liabilities and travel expenses.

The effect generated by the restatement in current
currency as of March 31, 2025 included in Other operating expenses, net amounted to $3,384 million and $17,943 million in 3M25 and 3M24,
respectively.

Depreciation, amortization and impairment of Fixed and intangible assets

Depreciation, amortization and impairment of Fixed and intangible assets amounted to$340,049 million in 3M25, a decrease of $23,706