Company: TCMFF
Filing Date: 2025-11-12
Form Type: 6-K
Source: 0001104659-25-110392
Chunk: 31

Company: TELECOM ARGENTINA SA
Filing Date: 2025-11-12
Form: 6-K
Chunk 31
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 last twelve months of 31.8%, partially offset by an increase in the fixed customer base of 2.4%.

As of September 30, 2025, the fixed telephony customer base totaled 2.8 million, of which 2.2 million were IP customers. This represents a 2.4% increase compared to September 30, 2024, mainly driven by growth in IP lines, partially offset by changes in customer consumption trends.

Other services revenues

Other services revenues generated by other services amounted to $48,296 million, increasing $8,239 million or 20.6% compared to 9M24, representing 0.9% of total service revenues. The effect generated by the restatement in constant currency as of September 30, 2025, included in other services revenues amounted to $3,751 million and $14,161 million in 9M25 and 9M24, respectively.

These services include mainly revenues related to fintech services, revenues from billing remuneration and collection management on behalf of third parties, administrative revenues and revenues from the sale of advertising space, among others.

The variation in other service revenues was primarily driven by the growth of fintech services in Argentina, mainly due to the increased use of the digital wallet 'Personal Pay' and the expansion of its user base, which reached 4.4 million as of September 30, 2025, compared to 3.3 million as of September 30, 2024, representing a 32.2% increase.

Equipment

Equipment revenues amounted to $295,256 million in 9M25 (an increase of $71,224 million or 31.8% compared to 9M24). This variation is mainly due to the consolidation of TMA’s results, which contributed $114,447 million. Excluding the impact of the consolidation of TMA, the decrease was mainly due to the fact that the Company was unable to increase its prices during 9M25 to the same extent as the increase in inflation, despite the increase in the number of handsets sold.

The effect generated by the restatement in constant currency as of September 30, 2025, included in Equipment revenues amounts to $22,024 million and $79,703 million in 9M25 and 9M24, respectively.

| • | Operating                                                                                
 costs (without depreciation, amortization and impairment of Fixed and intangible assets) |

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