Company: TCMFF
Filing Date: 2025-11-12
Form Type: 6-K
Source: 0001104659-25-110392
Chunk: 3

Company: TELECOM ARGENTINA SA
Filing Date: 2025-11-12
Form: 6-K
Chunk 3
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 the unaudited condensed consolidated financial statements are not comparable.

These unaudited condensed consolidated financial statements were prepared following the same accounting policies as in the most recent annual financial statements, except for those policies incorporated due to the acquisition of TMA:

| (i)   | measurement                                                                                       
 of financial assets: assets that are held for collection of contractual cash flows and for        
 selling, where the assets’ cash flows represent solely payments of principal and interest,        
 are measured at fair value through other comprehensive income. Movements in the carrying          
 amount are taken through other comprehensive income, except for the recognition of impairment     
 gains or losses, interest income and foreign exchange gains and losses, which are recognized      
 in profit or loss, within “Other financial results, net”. When the financial                      
 asset is derecognized, the cumulative gain or loss previously recognized in other comprehensive   
 income is reclassified from equity to profit or loss,                                             |
| (ii)  | Investment                                                                                        
 properties, which is recorded initially at cost, and then at cost less accumulated depreciation,  
 and comprise primarily land and buildings that are not occupied for its own operations, and       
 the depreciation is calculated on a straight-line basis for the estimated useful life of          
 50 years, (calculated in accordance with technical studies, periodically reviewed) and            |
| (iii) | termination                                                                                       
 benefits plans: additionally to what is mentioned in Note 3.o) to the annual financial statements 
 as of December 31, 2024, Telecom recognizes costs for a restructuring according to IAS            
 37 (i.e., it has a detailed formal plan for the restructuring, and it has raised a valid          
 expectation in those affected that it will carry out the restructuring) and when involves         
 the payment of terminations benefits. These termination benefit plans correspond to the TMA       
 subsidiary and are recognized in the line “Salaries and social security payables”                 
 in the consolidated statements of financial position. In addition to the termination benefits     
 plans in effect at the time of the acquisition of TMA, during the nine- and three-month periods   
 ending September 30, 2025 this subsidiary recognized a new restructuring plan, which              
 had an impact of $111,746 million and $56,309 million on results, respectively, recognized        
 as “Employee benefit expenses and severance payments”. As of September 30,                        
 2025 there are no pending balances related to the mentioned termination plan.                     |

These unaudited condensed consolidated financial
statements were prepared including