Company: TCMFF
Filing Date: 2025-02-28
Form Type: 20-F
Source: 0001104659-25-019133
Chunk: 315

Company: TELECOM ARGENTINA SA
Filing Date: 2025-02-28
Form: 20-F
Item: Item 18
Chunk 315
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At the beginning of the year         (5,399)              (5,231) 
(Increases)                                —              (168)   
Reclasifications               ​     (9,568)   ​          —       
Uses                                   1,225              —       
At the end of the year              (13,742)              (5,399) 
​
​

F-

TELECOM ARGENTINA S.A.

NOTE 10 – INTANGIBLE ASSETS
​

         ​             ​        ​         ​          ​    
----------------------------------------------------------
​                      ​                As of December 31,
​                      2024             2023              
Intangible assets           1,970,252            2,047,726
Impairment allowance         (73,877)             (73,861)
​                           1,896,375            1,973,865
​
Details on the nature and movements of intangible assets as of December 31, 2024 and 2023 are as follows:
​

                         ​                            ​            ​           ​         ​          ​     ​      ​            ​             ​       ​       ​            ​        
----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
​                                                     ​    Gross value as of   ​   Incorporation    ​   ​        ​   ​                      ​   ​           ​    Gross value as of
​                                                     ​         December 31,   ​   by acquisition   ​   ​        ​   Currency translation   ​   ​           ​         December 31,
​                                                     2023                         (Note 28)            CAPEX        adjustments                Decreases   2024                  
5G licenses                                           ​              377,543   ​   —                ​   —        ​   —                      ​   —           ​              377,543
3G/4G licenses                                                       835,474   ​   —                    —            —                          —                          835,474
PCS and SRCE licenses (Argentina)                                    440,048   ​   —                    —            —                          —                          440,048
Núcleo´s licenses                                                    112,409   ​   —                489              (7,428)                    —                          105,470
Customer relationship                                                589,327   ​   3,724            27               (338)                      (5,800)                    586,940
Brands                                                               554,790   ​   —                    —            —                      24                             554,