Company: TCMFF
Filing Date: 2025-02-28
Form Type: 20-F
Source: 0001104659-25-019133
Chunk: 183

Company: TELECOM ARGENTINA SA
Filing Date: 2025-02-28
Form: 20-F
Item: Item 7
Chunk 183
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 21.84% of the total capital of the Company (the “Shares in Trust”). See “—Telecom Shareholders’ Agreement”.
CVH is an Argentine corporation, and its primary purpose is to hold capital stock in corporations whose object and purpose is to provide ICT Services and Audiovisual Communication Services. Its controlling shareholder, in turn, is GC Dominio, another Argentine corporation.
On April 28, 2023, the Annual Ordinary and Extraordinary Shareholders’ Meetings of CVH approved the corporate reorganization process consisting of the merger by absorption of VLG and the Pre-merger Commitment. The Definitive Merger Commitment was executed by public deed dated June 5, 2023.
On September 1, 2023, IGJ proceeded to register in its Public Registry the merger by absorption of VLG and its dissolution without liquidation with effect from January 1, 2023.
FTL is the direct holder of 30.03% of Telecom Argentina’s total capital stock (Class A Shares and ADS representing Class B Shares). Until December 31, 2017, FTL was Telecom Argentina’s controlling shareholder.
FTL is a Delaware (United States) limited liability company, and is a wholly-owned direct subsidiary of Fintech Holdings Inc. Its primary purpose is to hold, directly and indirectly, the securities of Telecom Argentina. Fintech Holdings Inc., a Delaware (United States) corporation, is directly controlled by Mr. David Martínez.
Telecom Shareholders’ Agreement
On July 7, 2017, FTL, certain of its affiliates and CVH entered into a shareholders’ agreement (“Telecom Shareholders’ Agreement”), which regulates certain matters as to the corporate governance of Telecom Argentina which became effective upon completion of the Merger, while other provisions became effective simultaneously upon execution of the Telecom Shareholders’ Agreement.
The Telecom Shareholders’ Agreement provides, among other matters, the following:

●   Any shareholders party to the Telecom Shareholders’ Agreement (any such shareholder, a “SHA Party”) are subject to restrictions on the transfer of all their Telecom Argentina shares including (i) the right of first refusal to purchase such shares from a selling SHA Party, (ii) certain tag-along rights of each other SHA Party and (iii) so long as a SHA Party holds at least a certain minimum amount of shares, such SHA Party will be entitled to certain drag-along rights pursuant to which it will be able to require the other SHA Parties to