Company: TCMFF
Filing Date: 2025-08-12
Form Type: 6-K
Source: 0001104659-25-076939
Chunk: 20

Company: TELECOM ARGENTINA SA
Filing Date: 2025-08-12
Form: 6-K
Chunk 20
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 assets and financial liabilities

The following table presents
financial assets and liabilities that are offset as of June 30, 2025, and December 31, 2024:

|                                                            | As of June 30, 2025 |             |          |             |
|:-----------------------------------------------------------|--------------------:|------------:|---------:|------------:|
|                                                            |               Trade 
         receivables |       Other 
 receivables |    Trade 
 payables |       Other 
 liabilities |
| Current and non-current assets (liabilities) - Gross value |             732,773 |      51,099 | -957,344 |     -13,748 |
| Offsetting                                                 |              -3,764 |      -3,613 |    3,764 |       3,613 |
| Current and non-current assets (liabilities) – Book value  |             729,009 |      47,486 | -953,580 |     -10,135 |

|                                                            | As of December 31, 2024 |             |          |             |
|:-----------------------------------------------------------|------------------------:|------------:|---------:|------------:|
|                                                            |                   Trade 
             receivables |       Other 
 receivables |    Trade 
 payables |       Other 
 liabilities |
| Current and non-current assets (liabilities) - Gross value |                 360,092 |      26,964 | -549,702 |     -24,259 |
| Offsetting                                                 |                 -18,917 |      -4,089 |   18,918 |       4,089 |
| Current and non-current assets (liabilities) – Book value  |                 341,175 |      22,875 | -530,784 |     -20,170 |

Fair value hierarchy and other disclosures

The measurement at fair value of the financial
instruments of Telecom are classified according to the three levels set out in IFRS 13:

| - | Level 1: Fair value determined                                                       
 by quoted prices (unadjusted) in active markets for identical assets or liabilities. |

| - | Level 2: Fair value determined                                                                                                         
 based on inputs other than quoted prices included within Level 1 that are observable for the asset or liability, either directly (e.g. 
 as prices) or indirectly (e.g. derived from prices).                                                                                   |

| - | Level 3: Fair value determined                                                                
 by unobservable