Company: TCMFF
Filing Date: 2025-05-19
Form Type: 6-K
Source: 0001104659-25-050264
Chunk: 103

Company: TELECOM ARGENTINA SA
Filing Date: 2025-05-19
Form: 6-K
Chunk 103
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| (1) | This item includes final payments (non-cancelable without a penalty charges). Operating lease commitments, 
 in some cases, may be extended.                                                                            |

Depreciation and Amortization

There follows a breakdown of the income statement
item Depreciation and amortization:

|                                                  |     | 2024 |                 |     | 2023 |                 |
| Amortization of intangibles (Note 3)             |     |      |  67,654,832,345 |     |      |  61,625,080,647 |
| Depreciation of PP&E (Note 5)                    |     |      | 279,120,609,387 |     |      | 350,519,991,758 |
| Depreciation of rights-of-use assets (Note 6)    |     |      |  78,179,033,988 |     |      |  77,603,680,538 |
| Depreciation of investment properties (Note 7 a) |     |      |   2,703,695,157 |     |      |   2,419,360,915 |
| Total                                            |     |      | 427,658,170,877 |     |      | 492,168,113,858 |

| 18. | Other Information |

Share-based Payment Plans

As of December 31, 2024 and 2023, certain
employees were covered by share-based compensation plans approved by TSA’s Board of Directors, provided certain objectives of the
Telefónica Group are met and the employee is on the payroll at the time of delivery thereof. At the end of fiscal years ended December 31,
2024, and 2023, TMA maintained a liability relating to these share-based compensation plans amounting to 3,873 million pesos and 2,824
million pesos, respectively

Environmental Aspects

We have an environmental management system (EMS)
based on the UNE-ISO 14001:2015 standard, which has been integrated since 2020 with the Occupational Health, Safety and Well-being System
based on the ISO 45001:2018 standard. Both systems are validated by an independent external entity. The EMS has been continuously in effect
in the Company’s operations since 2009, allowing us to proactively manage potential risks and impacts arising from operations and
to ensure regulatory compliance regarding environmental matters. In