Company: TCMFF
Filing Date: 2025-08-12
Form Type: 6-K
Source: 0001104659-25-076939
Chunk: 10

Company: TELECOM ARGENTINA SA
Filing Date: 2025-08-12
Form: 6-K
Chunk 10
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 as of such dates to values in current currency as of June
30, 2025. This is as a consequence of the restatement process of the financial information described in point d).

As disclosed in Note 16.a) to these unaudited condensed
consolidated financial statements, the Company has consolidated TMA as from February 24, 2025, and, therefore, the Company's financial
statements as of June 30, 2025, and the results for the six and three-month periods ended June 30, 2025, are not comparable to the comparative
information presented in these unaudited condensed consolidated financial statements.

These unaudited condensed
consolidated financial statements as of June 30, 2025, were authorized for issuance and approved by resolution of the Board of Directors’
meeting held on August 11, 2025.

These unaudited condensed consolidated financial statements contain
all disclosures required under IAS 34. Some additional disclosures required by the LGS and/or by the CNV have been also included.

<div align='center'>F-11</div>

| TELECOM        
 ARGENTINA S.A. |

| b) | Segment information |

The Executive Committee and the CEO have a strategic
and operational vision of Telecom as a single business unit, according to the current regulatory context of the converged ICT Services
industry (adding to the same segment both the activities related to the mobile services, internet services, cable television and fixed
and data services, services governed by the same regulatory framework of ICT Services). To exercise its functions, both the Executive
Committee and the CEO receive periodically the economic-financial information of Telecom Argentina and its subsidiaries (in current currency
as of the date of each transaction), that is prepared as a single segment and evaluate the evolution of business as a unit of generation
of results, administrating the resources in a unique way to achieve the objectives. Regarding costs, they are not specifically allocated
to a type of service, considering that the Company has a single payroll and operating expenses that affect all services in general (non-specific).
Further, decisions on CAPEX affect all the types of services provided by Telecom in Argentina and are not allocated specifically to one
of them.

Following the acquisition of TMA, dated February 24, 2025 (see Note 16), the Company identified a new reportable segment, “ICT Services provided in
Argentina – TMA Networks” corresponding to the provision of mobile and fixed telephony services