Company: TCMFF
Filing Date: 2025-05-13
Form Type: 6-K
Source: 0001104659-25-047837
Chunk: 18

Company: TELECOM ARGENTINA SA
Filing Date: 2025-05-13
Form: 6-K
Chunk 18
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427 |       -868,897 |           -18,981 |
| Offsetting                                                 |               -7,325 |            -3,553 |          7,325 |             3,553 |
| Current and non-current assets (liabilities) – Book value  |              726,611 |            55,874 |       -861,572 |           -15,428 |

|                                                            | As of December 31, 2024 |                   |                |                   |
|:-----------------------------------------------------------|------------------------:|------------------:|---------------:|------------------:|
|                                                            |       Trade receivables | Other receivables | Trade payables | Other liabilities |
| Current and non-current assets (liabilities) - Gross value |                 339,669 |            25,434 |       -518,525 |           -22,883 |
| Offsetting                                                 |                 -17,844 |            -3,857 |         17,844 |             3,857 |
| Current and non-current assets (liabilities) – Book value  |                 321,825 |            21,577 |       -500,681 |           -19,026 |

Fair value hierarchy and other disclosures

The measurement at fair value of the financial
instruments of Telecom are classified according to the three levels set out in IFRS 13:

| - | Level 1: Fair value determined                                                       
 by quoted prices (unadjusted) in active markets for identical assets or liabilities. |

| - | Level 2: Fair value determined                                                                                                         
 based on inputs other than quoted prices included within Level 1 that are observable for the asset or liability, either directly (e.g. 
 as prices) or indirectly (e.g. derived from prices).                                                                                   |

| - | Level 3: Fair value determined                                                                
 by unobservable inputs where the reporting entity is required to develop its own assumptions. |

Financial assets and liabilities recognized at
fair value as of March 31, 2025, and December 31, 2024, and the level of hierarchy are listed below:

| As                                                              
 of March 31, 2025                                               |     |   Level 
       1 |     | Level 
     2 |     |   Total |
|:----------------------------------------------------------------|:----|--------:|:----|------:|:----|--------:|
| Assets                                                          |     |         |     |       |     |         |
| Current