Company: TCMFF
Filing Date: 2025-02-28
Form Type: 20-F
Source: 0001104659-25-019133
Chunk: 232

Company: TELECOM ARGENTINA SA
Filing Date: 2025-02-28
Form: 20-F
Item: Item 11
Chunk 232
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 a significant depreciation in the Peso against major foreign currencies may have a material adverse impact on our capital expenditure program and in our operating expenses denominated in foreign currencies.
b)       Interest Rate Risk
Within its structure of borrowings, Telecom has bank overdrafts denominated in Argentine Pesos accruing interest at rates that are reset at maturity, notes and other financial entities’ loans denominated in Argentine Pesos, U.S. dollar, RMB and Paraguayan Guaraníes that bear interest at fixed and variable rates, so it is exposed to the risk of interest rate fluctuation, mainly through the fluctuation of the SOFR.
c)       Price Risk
The Company’s investments in financial assets at fair value through profit or loss are subject to the risk of changes in market prices arising from fluctuations in the future value of these assets. The Company conducts an ongoing monitoring of the evolution of these assets’ prices.
See Note 26 to our Consolidated Financial Statements for a description of financial risk management.
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PART I – ITEM 11 QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK   TELECOM ARGENTINA S.A.
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