Company: TCMFF
Filing Date: 2025-08-12
Form Type: 6-K
Source: 0001104659-25-076939
Chunk: 13

Company: TELECOM ARGENTINA SA
Filing Date: 2025-08-12
Form: 6-K
Chunk 13
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| Variation in prices                                              |                |          |                |
| Annual                                                           |         271.5% |   117.8% |          39.4% |
| Accumulated six months                                           |          79.8% |      n/a |          15.1% |
| Accumulated three months since March 2024/2025                   |          18.6% |      n/a |           6.0% |
| Banco Nación US$/$ exchange rate                                 |          912.0 |  1,032.0 |        1,205.0 |
| Variation in the exchange rate                                   |                |          |                |
| Annual                                                           |         255.3% |    27.7% |          32.1% |
| Accumulated six months                                           |          12.8% |      n/a |          16.8% |
| Accumulated three months since March 2024/2025                   |           6.3% |      n/a |          12.2% |

The Company followed the same restatement policies for itemsidentified in the annual consolidated financial statements as of December 31, 2024.

| e) | New Standards and Interpretations issued by the IASB |

New standards and amendments – applicable on January1, 2025

The application of the detailed amendment did not
generate any impact on the results of operations or the financial situation of the Company.

NOTE 2 – CASH AND CASH EQUIVALENTS AND INVESTMENTS

|                                 |     | June 30, | December 31, |
| Cash and cash equivalents       |     |     2025 |         2024 |
| Cash and Banks (1)              |     |  109,233 |      140,134 |
| Time deposits                   |     |   92,027 |      120,822 |
| Mutual funds                    |     |  129,692 |      105,420 |
| Total cash and cash equivalents |     |  330,952 |      366,376 |

| (1) | As of June 30, 2025 and December 31, 2024 includes restricted                                                 
 funds for $8,032 million and $10,057 million, respectively, corresponding to the funds to be paid to clients. |

| Investments                                                     |     |        |