Company: TCMFF
Filing Date: 2025-02-24
Form Type: 6-K
Source: 0001104659-25-016497
Chunk: 1

Company: TELECOM ARGENTINA SA
Filing Date: 2025-02-24
Form: 6-K
Chunk 1
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 Bank Ag, London Branch and 
 Banco Santander, S.A.                                                                                  |

| · | A Bilateral Loan granted by Industrial and Commercial Bank of China (Argentina) S.A.U. |

This acquisition will be submitted to the control
of the respective regulatory authorities.

Sincerely,

| /s/ Luis Rial Ubago              |
| Luis Rial Ubago                  |
| Responsible for Market Relations |
| Telecom Argentina S.A.           |

<div align='center'>WITH THE ACQUISITION OF TELEFONICA MOVILES OF ARGENTINA,

TELECOM CONTINUES TO INVEST IN THE STRENGTHENING OF CONNECTIVITY

AND THE TECHNOLOGICAL DEVELOPMENT OF THE COUNTRY WITH WORLD-CLASS QUALITY

With an investment of US$ 1,245 million, Telecom acquired the Argentinian subsidiary of Telefonica, in an intense and rigorous competitive process. Fixed and mobile broadband will be strengthened, and the deployment of fiber optics and 5G will accelerate. Thus, Argentina will have a digital infrastructure of international level and quality, boosting the development of key sectors of the economy.</div>

Telecom Argentina completed the acquisition of
the share capital of Telefónica Móviles Argentina S.A., which provides fixed, mobile and value-added telecommunications
services in the country. The operation is part of Telefónica’s strategic decision to reduce its exposure to Latin America
(Hispam) in November 2019.

To the direct amount involved in the operation,
which reaches US$1,245 million, intensive capital investments will be added in the coming years, with a focus on the rollout and capillarity
of fiber optics throughout the territory covered by Telecom, on the deployment of 5G mobile sites in the same areas and on the expansion
of value-added services such as video on demand, internet of things, corporate products, fintech, e-commerce, artificial intelligence
and cloud services.

Since 2017, Telecom has invested more than US$6,000
million in infrastructure, ensuring the quality and coverage of its networks and services in Argentina, Paraguay and Uruguay. It provides
premium-quality services to all its customers. Personal, Telecom's mobile internet network, is the fastest in the country and has been
awarded by SPEEDTEST® by OOKLA® for five consecutive years. It is also the first mobile operator in Latin America to achieve this
milestone. To ensure this level of connectivity, the network has more than 8,000 4