Company: TCMFF
Filing Date: 2025-05-12
Form Type: 6-K
Source: 0001104659-25-047387
Chunk: 5

Company: TELECOM ARGENTINA SA
Filing Date: 2025-05-12
Form: 6-K
Chunk 5
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5,
Núcleo’s subscriber base totaled 2.6 million, 17% higher than in 1Q24. Of the total number of accesses, 73% corresponded
to prepaid plans and 27% to postpaid plans, whereas as of March 31, 2024, prepaid accesses represented 75% and postpaid accesses represented
25%. The average monthly churn was 2.1% in 1Q25 (vs. 2.6% in 1Q24).

In
1Q25, mobile service revenues in Paraguay amounted to P$34,158 million, decreasing in real terms compared to the previous year (–P$12,333
million or –26.5% vs. 1Q24), primarily as a result of higher discounts granted and migration to lower-value plans.

<div align='center'>Mobile Consumption of
Personal in Argentina</div>

Internet
Services

Consolidated
internet service revenues amounted to P$322,420 million in 1Q25, growing in real terms (+P$59,623 million or +22.7% vs. 1Q24). Telecom’s
subscriber base

<div align='center'>Internet Services
Revenues (in billion P$)</div>

| TELECOM ARGENTINA | 4 |

reached 4.0 million subscribers (-44 thousand or -1.1% vs. 1Q24) during 1Q25. The average monthly
churn for internet services as of March 31, 2025, was 1.2% (vs. 1.3% in 1Q24).

Telecom’s internet
service revenues grew +10.1% in real terms during 1Q25 vs. 1Q24, while TMA’s standalone internet service
revenues increased +45.4% during the same period.

TMA’s subscriber
base reached 1.6 million subscribers (+101 thousand or +6.9% vs. 1Q24) during 1Q25. The average monthly churn for internet services as
of March 31, 2025, was 2.1% (vs. 1.8% in 1Q24).

In 1Q25, Telecom’s
broadband ARPU (restated in constant currency as of March 31, 2025) reached P$22,538.5 (vs. P$19,854.9 in