Company: TCMFF
Filing Date: 2025-02-28
Form Type: 20-F
Source: 0001104659-25-019133
Chunk: 364

Company: TELECOM ARGENTINA SA
Filing Date: 2025-02-28
Form: 20-F
Item: Item 18
Chunk 364
---
) US$ 3.8 million ($ 3,403 million stated at the exchange rate prevailing on the transaction date) has been paid as an option premium on the date of execution of the Option Agreement dated October 4, 2023, b) US$ 12.6 million for the partial acquisition of 51%, of which US$ 6 million -$ 5,333 million stated at the exchange rate prevailing on the transaction date- was paid within 48 hours of signing date, and US$ 6.6 million -$5,847 million stated at the exchange rate prevailing on the transaction date- cancelled on July 31, 2024.
Additionally, on the same day, Televisión Dirigida also exercised the call option for US$ 3,108 to purchase all the shares held by minority shareholders in Manda, which represent 0.007% of the capital stock and votes of said company.
The Company’s management has made a preliminary determination of the fair value of the assets acquired and liabilities assumed (net assets) at the acquisition date, and from the comparison with the consideration paid has determined a goodwill.
Details of the purchase consideration, the estimated net assets acquired and the goodwill resulting from the exercise of the call option for 51% of Naperville:

          ​              ​             ​             ​              ​           
--------------------------------------------------------------------------------
​                            (In current at              (In current currency as
Purchase consideration       the acquisition date)       of December 31, 2024)  
Call option                  3,403                       4,492                  
Cash Paid                    11,180                      14,754                 
Total                        14,583                      19,246                 
F-

TELECOM ARGENTINA S.A.

​
The assets and liabilities in millions recognized as a result of the acquisition are as follows:

               ​                   ​             ​             ​              ​           
------------------------------------------------------------------------------------------
​                                             (In current at       (In current currency as
​                                  ​   the acquisition date)   ​     of December 31, 2024)
Cash and cash equivalents          642                         847                        
Investment                                             1,613                         2,129
Trade receivables                  420                         554                        
PP&amp;E (1)                                           2,019                         2,663
Intangible assets (2)                                  1,643                         2,169
Trade payables                                       (1,343)                       (1,772)
Other assets / liabilities, net