Company: TCMFF
Filing Date: 2025-05-19
Form Type: 6-K
Source: 0001104659-25-050264
Chunk: 90

Company: TELECOM ARGENTINA SA
Filing Date: 2025-05-19
Form: 6-K
Chunk 90
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 to support their position, but in the event of a final judgment contrary to the evaluation made by them,
they consider that it could have a significant impact on the Company, of approximately 2,266 million pesos.

VAS BT (value added services of the basic telephone service) subscription

In 2014, the NGO Centro de Orientación, Defensa y Educación del Consumidor (a consumer protection organization, “CODEC”) filed a class action against TASA,
a company now merged with TMA, seeking to declare null and void and cease all charges made based on account of the VAS BT Subscription,
and requesting reimbursement to all consumers who have not expressly requested it, plus interest, the fine under Section 29 of the
RGCSBT (Regulations for Basic Telephone Services), and the civil fine under Section 52 bis of the Consumer Protection Law.

CODEC's claim is based on the argument that such
subscription has not been expressly requested by users, unless TASA can prove it has validly obtained their consent before starting to
charge such amounts.

TASA based it defense on the price freedom applicable
to VAS, which is an value-added service additional to basic telephone services, non-public and competitive, more beneficial for the user,
which was notified to customers before it started to be charged, and on the fact that there have not been any complaints in respect thereof.
It was also stated that a similar complaint had been filed with the regulatory authority (the “ENACOM”) by the Ombudsman against
TASA, where the cease and reimbursements of VAS charges had been ordered.

In August 2023, the Judge issued an unfavorable
ruling for TASA, upholding most of CODEC's claims. This decision was appealed by TASA based on the above referred defenses and the opinion
issued by ENACOM's Legal Affairs Department of 2019, in the administrative file relating to such complaint, which concluded that TASA
did not breach the General Tariff Structure ("EGT") and that the claim should be rejected.

On November 7, 2024, the Court of Appeals
confirmed the first-instance ruling. The Company filed an extraordinary appeal.

TMA’s Management and legal counsel believe
that the Company has solid arguments to continue defending its position. However, given that the first-instance ruling has been unfavorable
to TMA, there is a possibility of costs arising from this litigation, particularly regarding a potential increase in the civil fine due
to the amendment of Section