Company: TCMFF
Filing Date: 2025-05-13
Form Type: 6-K
Source: 0001104659-25-047837
Chunk: 9

Company: TELECOM ARGENTINA SA
Filing Date: 2025-05-13
Form: 6-K
Chunk 9
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 allocated specifically to one
of them.

<div align='center'>F-10</div>

| TELECOM        
 ARGENTINA S.A. |

Following the acquisition of TMA, dated February 24, 2025 (see Note 16), the Company identified a new reportable segment, “ICT Services provided in
Argentina – TMA Networks” corresponding to the provision of mobile and fixed telephony services, fixed broadband, and video
services on a nationwide scale in Argentina, using its own networks, with its own infrastructure. The subsidiary TMA is managed as a separate
business unit, and therefore, the Executive Committee and the CEO review its economic and financial information (stated in historic currency
at the transaction date) separately.

Additionally, Telecom, through Micro Sistemas,
develops activities in the fintech industry in Argentina. Telecom also carries out activities abroad (Paraguay, USA, Uruguay and Chile).

The operations that Telecom develops through
Micro Sistemas, and those developed abroad, are not analyzed as a separate segment by the Executive Committee and the CEO,
considering that they are not considered as individually significant. These operations do not meet the aggregation criteria
established by the standard to be grouped within the "ICT Services provided in Argentina - Telecom Networks" segment and
considering that they do not exceed any of the quantitative thresholds identified in the standard to qualify as reportable segments,
they are grouped within the category "Other segments".

The Executive Committee and the CEO continue to
monitor these businesses to evaluate the way its performance is reviewed and, eventually, its consideration as a separate reportable segment
provided it complies with the requirements established by IFRS Accounting Standards to that effect.

As a result, the following changes have been introduced
as of March 31, 2025:

| - | ICT Services provided in Argentina – Telecom Networks: Corresponds to                                                                         
 the operations carried out by the Company and its subsidiaries located in Argentina (excluding TMA) engaged in the provision of ICT services. |

| - | ICT Services provided in Argentina – TMA Networks: Corresponds to the      
 operations carried out by the subsidiary TMA as from the acquisition date. |

| - | Other segments: Corresponds to the operations for a) ICT services provided                                                             
 aboard (Paraguay, USA, Uruguay and Chile) and b) the development of activities in the fintech industry, through the subsidiaries Micro 
 Sistemas and Personal Envíos in Argentina and Paraguay, respectively.                                                                  |

The Executive