Company: TCMFF
Filing Date: 2025-02-28
Form Type: 20-F
Source: 0001104659-25-019133
Chunk: 40

Company: TELECOM ARGENTINA SA
Filing Date: 2025-02-28
Form: 20-F
Item: Item 3
Chunk 40
---
Devaluation of the Argentine Peso and foreign exchange restrictions may adversely affect our results of operations, our capital expenditures and our ability to service our liabilities and pay dividends” and Notes 13 and 26 to our Consolidated Financial Statements.
We may not obtain the benefits we expect from the acquisition of Telefónica Móviles in the anticipated timeframe.
We have devoted significant resources toward the acquisition of Telefónica Móviles, and we cannot assure that we will obtain the benefits we expect. Our failure to obtain these benefits may have an adverse effect on our financial condition and results of operations.
The expected synergies and benefits from the transaction may not materialize as anticipated, or may take longer to achieve, due to difficulties in merging business operations and integrating technology platforms.
Additionally, the financial burden of the acquisition, including the US$1.170 billion in debt financing, may impact our ability to make other strategic investments, increase our leverage, or affect our financial flexibility. If we fail to integrate the acquired business effectively, we may not achieve the expected cost savings, revenue growth, or competitive advantages, which could have a material adverse effect on our financial condition and results of operations.
For more information on our financial position, see “Item 5—Operating and Financial Review and Prospects—Liquidity and Capital Resources—Liquidity.” 
For more information on the recent acquisition of Telefónica Móviles, see “Item 4—Information on the Company—Recent Developments—Acquisition of Telefónica Móviles.”

​
​

PART I - ITEM 3 KEY INFORMATION   TELECOM ARGENTINA S.A.
--------------------------------------------------------
Risks Relating to Telecom Argentina’s Shares and ADSs
The New York Stock Exchange (“NYSE”) and/or the Buenos Aires Stock Exchange (by delegated authority of BYMA) may suspend trading and/or delist Telecom’s ADSs and Class B common shares, respectively, upon occurrence of certain events relating to Telecom’s financial situation.
The NYSE and/or the BYMA may suspend and/or cancel the listing of Telecom’s ADSs and Class B common shares, respectively, in certain circumstances, including upon the occurrence of certain events relating to Telecom’s financial situation. For example, the NYSE may decide such suspension or cancellation if Telecom’s equity becomes negative.
The NYSE may in its sole discretion determine on an individual basis the suitability for continued listing of an issuer in the light of all pertinent facts. Some of the factors mentioned in the NYSE Listed Company Manual,