Company: TCMFF
Filing Date: 2025-05-19
Form Type: 6-K
Source: 0001104659-25-050264
Chunk: 16

Company: TELECOM ARGENTINA SA
Filing Date: 2025-05-19
Form: 6-K
Chunk 16
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$2,527,644 million in 2023. This decrease was primarily due to adecrease on handsets sales following the market retraction caused by the December 2023 devaluation,
which was partially offset by an increase in mobile service revenue, broadband, and TV, driven by an increase in postpaid, FTTH, and paid
TV subscribers.

Other income in 2024 amounted
to P$10,352 million as compared to P$30,208 million in 2023. Other income decreased by P$19,856 million in 2024, compared to the previous
year, mainly due to a decrease in profit from the sale of scrap material and other items, and a decrease in profit from the sale of other
assets.

In 2024, operating costs
(including depreciation, amortization and impairment loss) amounted to P$4,043,697 million, representing an increase of P$1,053,254 million,
or 35.2% as compared to 2023. The increase in operating costs in 2024 was mainly due to the recognition of an impairment loss in “Intangible
Assets” and in “PP&E”. That impairment loss was mainly due to TMA’s inability to increase its prices to the
same extent as accumulated inflation increased over the last years. Such misalignment affects TMA’s cash flows used to determine
its value in use. Meanwhile, the carrying amounts of “Intangible Assets” and “PP&E” have been restated for
inflation in accordance with IAS 29, exceeding the increase of estimated cash flows. For additional information regarding the impairment
loss, see Note 4 “Recoverability of Assets” to the TMA Financial Statements.

(A.1) Year Ended December 31, 2024 compared to the year ended December 31, 2023

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|                                                  |     | December 31, |            |   |     |      |            |   |     |              |       |   |     |              |            |   |
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