Company: TCMFF
Filing Date: 2025-02-28
Form Type: 20-F
Source: 0001104659-25-019133
Chunk: 351

Company: TELECOM ARGENTINA SA
Filing Date: 2025-02-28
Form: 20-F
Item: Item 18
Chunk 351
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887,702
Fixed and Data Services      ​   ​       501,206   ​     ​       531,363   ​       603,693
Other services revenues      ​   ​        46,369   ​     ​        41,593   ​        39,211
Subtotal Services revenues   ​   ​     3,884,058   ​     ​     4,150,426   ​     4,615,105
Equipment revenues           ​   ​       253,538   ​     ​       333,546   ​       329,714
Total Revenues               ​   ​     4,137,596   ​     ​     4,483,972   ​     4,944,819
​
​

F-

TELECOM ARGENTINA S.A.

NOTE 24 – OPERATING EXPENSES
Operating expenses disclosed by nature of expense amounted to $4,284,063 million, $4,756,318 million and $6,944,910 million for the years ended December 31, 2024, 2023 and 2022, respectively. The main components of the operating expenses are the following:
​

                            ​                               ​         ​         ​          ​         ​          ​     
----------------------------------------------------------------------------------------------------------------------
​                                                           ​                                 Years ended December 31,
​                                                           2024               2023                 2022              
Employee benefit expenses and severance payments            ​                                            Profit (loss)
Salaries, social security expenses and benefits             ​      (869,742)   ​      (1,036,579)   ​      (1,066,452)
Severance indemnities                                       ​      (130,363)   ​         (61,168)   ​        (147,644)
Other employee expenses                                     ​       (23,650)   ​         (22,564)   ​         (24,609)
​                                                           ​    (1,023,755)   ​      (1,120,311)   ​      (1,238,705)
Fees for services, maintenance, materials and supplies      ​              ​   ​                ​   ​                ​
Maintenance and materials                                   ​      (307,654)   ​        (292,186)   ​        (313,277)
Fees for services                                           ​      (238,361)   ​        (267,553)   ​        (282,069)
Direct