Company: TCMFF
Filing Date: 2025-11-12
Form Type: 6-K
Source: 0001104659-25-110392
Chunk: 30

Company: TELECOM ARGENTINA SA
Filing Date: 2025-11-12
Form: 6-K
Chunk 30
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FRS Accounting Standards and our measure of ARPU may not be calculated in the same manner as similarly titled measures used by other companies. In particular,certain components of service revenues are excluded from Cable Television’s ARPU calculations presented in this operating and financial review and prospects as of September 30, 2025. Management believes that this measure is helpful in assessing the development of the subscriber base of cable television services. The following table shows the reconciliation of total cable television service revenues to such revenues included in the ARPU calculations of 9M25:

|                                                           |     |      9M25 |
|                                                           |     | $ million |
| Total                                                     
 Cable television service revenues                         |     |   497,732 |
| Components                                                
 of service revenues not included in the ARPU calculation: 
 Connection and Reconnection fees and others               |     |      -517 |
| Adjusted                                                  
 total service revenues included in the ARPU calculation   |     |   497,215 |
| Average                                                   
 number of customers during 9M25 (millions)                |     |       3.2 |
| ARPU                                                      
 of Cable Television Services in Argentina                 |     |  17,264.4 |

Fixed and Data Services

Revenues generated by fixed and data services amounted to $676,563 million in 9M25 (equivalent to 12.7% of total consolidated services revenues), increasing $205,312 million or 43.6% as compared to 9M24. The effect generated by the restatement in constant currency as of September 30, 2025, included in fixed and data services revenues amounted to $57,640 million and $176,577 million in 9M25 and 9M24, respectively.

The increase in Argentina of fixed and data services revenues in 9M25 was mainly due to the consolidation of TMA’s results, which contributed $282,029 million. The customer base for the segment “ICT Services provided in Argentina – TMA Networks” amounted to 2.1 million as of September 30, 2025, of which 1.5 million were IP customers. The customer base decreased 1.3% since the acquisition date. Prices remained in line with the accumulated inflation since the acquisition date.

Excluding the impact of the consolidation of TMA, the decrease was mainly because the Company has not been able to increase its prices to the same extent as the increase in inflation, considering an accumulated inflation in the