Company: TCMFF
Filing Date: 2025-08-12
Form Type: 6-K
Source: 0001104659-25-076939
Chunk: 16

Company: TELECOM ARGENTINA SA
Filing Date: 2025-08-12
Form: 6-K
Chunk 16
---
                |          - |        -50,262 |    -50,262 |
| Total at 06.30.24                               |   -160,576 |     -1,598,548 |  3,574,720 |

(*) Includes $(273) million and $(14) million as
of June 30, 2025 and 2024, respectively, related to payment of bank overdrafts.

Recent developments of Borrowings for the six-month
period ended June 30, 2025, are detailed below:

| a) | Notes |

| Series | Currency | Amount        
 involved      
 (in millions) | Issuance     
 date         | Maturity     
 date         | Amortization           | Interest rate | Interest   
 payment    
 date       |
| 24     | US$      | 800(1)        | May 28, 2025 | May 28, 2033 | In two installments:   
 (i) 50% in 05/2032 and 
 (ii) 50% in 05/2033    | 9.25%         | Semiannual 
 basis      |

| (1) | The Company issued Notes for a                                                                                                          
 nominal value of US$800 million. Since the issuance was made below par, the amount involved was US$789 million and the Company received 
 net proceeds of US$785 million (equivalent to $925,109 million in current currency as of June 30, 2025), which were used to prepay part 
 of the loans obtained for the acquisition of TMA.                                                                                       |

| b) | Bank and other financing entities 
 loans                             |

The acquisition of TMA, described in Note 16, was financed through two loans totaling US$1,170 million (net of issuance costs US$ 1,142 million, equivalent to $ 1,364,891 million in current currency as of June 30, 2025).

Its main characteristics are:

| Entities            | Currency     |     Principal 
      residual 
 nominal value |        Residual 
 Nominal Capital | Maturity date               | Amortization                        | Interest                           
 rate                               | Spread                  | Interest        
 payment         
 date            |
| (in millions)       | -in millions |               |                 |                             |                                     |                                    |                         |                 |
| Syndicated loan (1) | US$          |           970 |             320 | 02/2029                     | In