Company: TCMFF
Filing Date: 2025-02-28
Form Type: 20-F
Source: 0001104659-25-019133
Chunk: 214

Company: TELECOM ARGENTINA SA
Filing Date: 2025-02-28
Form: 20-F
Item: Item 10
Chunk 214
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ii) has not delivered funds in local currency or other local assets (except funds in foreign currency deposited in local financial institutions) to any individual or legal entity, whether resident or non-resident, related or not, receiving as prior or subsequent consideration, directly or indirectly, by itself or through a related, controlled or controlling entity, foreign assets, crypto-assets or securities deposited abroad. In addition, it must acknowledge that it will refrain from entering into any of such transactions during a 90-day term as from the date thereof, in the case of securities issued under Argentine or foreign law, directly or indirectly or on behalf and order of third parties. Additionally, when the client is an entity, the sworn statement must include (i) the data of the individuals or legal entities that directly control the entity and of other legal entities with which it is part of the same economic group, and (ii) the statement that, at the time of access to the Exchange Market and during the 90 days prior to such request, it has not delivered foreign currency or local liquid assets (except funds deposited in local financial entities), in Argentina, to any person directly controlling it, outside normal transactions of acquisition of goods and services between residents, or to other companies with which it is part of the same economic group.
Repayment of principal and interest of imports of goods and services.
Pursuant to Section 3.3 of Communication “A” 8035, access to the FX Market for the repayment of principal and interest of imports of goods and services shall be granted, provided that the operation has been declared, if applicable, in the last overdue presentation of the External Assets and Liabilities Reporting. 
The BCRA’s prior approval will not be required to access the FX Market for the repayment of debts for imports of goods and services with related foreign parties, as long as the maturity of such indebtedness occurs on or after July 5, 2024.
The BCRA’s prior approval will also not be required to access the FX Market for the repayment of debts for imports of goods and services not included in the previous paragraph, provided that the payment is made simultaneously with the settlement of an amount not less than the interest amount for which access to the FX Market is requested, through:

●   new financial indebtedness abroad with an average life of not less than two years and a minimum one-year grace period for principal payments, both counted from the date on which access to the FX Market is granted;
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●   new direct investment contributions from non-residents