Company: TCMFF
Filing Date: 2025-11-12
Form Type: 6-K
Source: 0001104659-25-110392
Chunk: 13

Company: TELECOM ARGENTINA SA
Filing Date: 2025-11-12
Form: 6-K
Chunk 13
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;                       |
| · | claims relating to accountability; and   |
| · | fines imposed by regulatory authorities. |

Given the nature of the risks covered by these provisions,
it is not possible to precisely determine the probable dates of potential payments.

In addition to the aforementioned contingencies,
there are other claims filed against TMA by different customer associations related to the industry and market common issues, some of
which are in their initial stages. Considering the time elapsed since the acquisition, these claims are being analysed for the purpose
of making an appropriate estimation and valuation to be considered in the final allocation of the PPA within the timeframes provided by
IFRS 3, given that these estimations involve significant judgments that require more time and additional information for their final allocation.
However, based on this preliminary assessment, the final impact of these contingencies, if they occur, is not expected to significantly
affect the Company's financial position, results of operation or liquidity.

NOTE 10 – ADDITIONAL INFORMATION OF FINANCIAL ASSETS AND LIABILITIES

Financial assets and liabilities denominated in foreign currencies

Financial assets and liabilities denominated in foreign currencies as of September 30, 2025, and December 31, 2024 are the following:

|                 |                                  09.30.25 |   12.31.24 |
|                 | In equivalent millions of Argentine pesos |            |
| Assets          |                                   913,783 |    433,555 |
| Liabilities     |                                -5,346,866 | -3,205,208 |
| Net Liabilities |                                -4,433,083 | -2,771,653 |

Offsetting of financial assets and financial liabilities

The following table presents financial assets and
liabilities that are offset as of September 30, 2025, and December 31, 2024:

|                                                            | As of September 30, 2025 |                   |                |                   |
|:-----------------------------------------------------------|-------------------------:|------------------:|---------------:|------------------:|
|                                                            |        Trade receivables | Other receivables | Trade payables | Other liabilities |
| Current and non-current assets (liabilities) - Gross value |                  780,142 |            63,017 |       -982,072 |           -22,125 |
| Offsetting                                                 |                   -2,392 |            -4,498 |          2,392 |             4,498 |
| Current and