Company: TCMFF
Filing Date: 2025-11-12
Form Type: 6-K
Source: 0001104659-25-110392
Chunk: 7

Company: TELECOM ARGENTINA SA
Filing Date: 2025-11-12
Form: 6-K
Chunk 7
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 corresponding to the segment “ICT Services provided in Argentina – Telecom Network”                       |              |               |          5,071,293 |   3,452,634 |
| Borrowings                                                                                                
 corresponding to the segment “ICT Services provided in Argentina – TMA Network”                           |              |               |                  - |         n/a |
| Borrowings                                                                                                
 corresponding to the segment “Other segments”                                                             |              |               |             49,631 |      57,552 |
|                                                                                                           |              |               |          5,120,924 |   3,510,186 |

| c) | Net                
 earnings per share |

Basic earnings per share is calculated by dividing the net income attributable to the Controlling Company by the weighted average number of ordinary shares outstanding during the period. On the other hand, diluted earnings per share is computed by dividing the net income attributable to the Controlling Company for the period by the weighted average number of common shares issued and to be potentially issued at the end of the period. Since the Company has no dilutive potential common stock outstanding, basic and dilutive earnings per share amounts do not differ.

For the nine and three-month periods ended September 30, 2025, and 2024, the weighted average number of shares outstanding amounted to 2,153,688,011.

| d) | Financial                                
 reporting in hyperinflationary economies |

Since Argentina has been considered a high-inflation economy for accounting purposes in accordance with IAS 29 since July 1, 2018, the financial information expressed in Argentine pesos is restated in current currency of September 30, 2025.

The table below shows the evolution of the indexes as of September 30, 2025, and 2024 and December 31, 2024 according to official statistics (INDEC) in accordance with Resolution No. 539/18 of the FACPCE and the devaluation of the Argentine peso vs. de US dollar for the same years / periods:

<div align='center'>F-17

TELECOM ARGENTINA S.A.</div>

| National                                                
 Consumer Price Index (National CPI) (December 2016=100) |            As 
            of 
 September 30, 
          2024 
       7,122.2 |       As 
       of 
 December 
 31, 2024 
  7,694.0 |            As 
            of 
 September 30, 
          202