Company: TCMFF
Filing Date: 2025-05-19
Form Type: 6-K
Source: 0001104659-25-050264
Chunk: 79

Company: TELECOM ARGENTINA SA
Filing Date: 2025-05-19
Form: 6-K
Chunk 79
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 which are considered ordinary in the course of its business activities. Each such
situation involves a certain degree of uncertainty, and the outcome of any lawsuit or contingency cannot be predicted with certainty.
If, prior to the issuance of these Financial Statements there is information - considering the opinion of TMA’s external counsel
- indicating that it is probable that a liability has been incurred as of the reporting date, and the amount of the loss or the range
of probable loss, including the related court costs, can be reasonably estimated, such loss is recognized as a provision in the income
statement and accumulated under “Other provisions” in the statement of financial position.

As of 31, 2024 and 2023, the account “Other
provisions” includes the following:

| i) | Labor contingencies mainly derive from: |

| · | Joint and several laibility in labor matters; |

| · | Occupational accidents and diseases; and |

| · | Salary differences and other compensation payments. |

| ii) | Tax contingencies mainly derive from claims from the Revenue Office (“AFIP”), provincial tax 
 authorities and municipalities. In this case, they primarily relate to:                      |

| · | Municipal fees; and |

| · | National and provincial taxes. |

| iii) | Civil and regulatory contingencies relate to civil, commercial, administrative litigation, regulatory, 
 and other matters. In this case, they primarily relato to:                                             |

| · | damages; |

| · | regulatory claims; |

| · | claims relating to accountability; and |

| · | fines imposed by regulatory authorities. |

Increase of the turnover tax rate

In 2009, the Company was notified of a claim filed
by Unión de Usuarios y Consumidores (“Unión”), through which TMA was requested to reimburse the amounts
collected on account of “Turnover Tax Rate Increase.” Unión argues that this constitutes a surcharge that was neither
disclosed to customers nor detailed at the time of contracting, thereby violating Consumer Protection, Fair Trade, and Antitrust laws.
The claim was answered by the Company, emphasizing that the nature of the Turnover Tax is indirect and transferable to the customer and
that customers were duly informed of this in the Service Requests.

The Company's Management and legal counsel believe
that the Company has solid arguments to defend its position and seek the dismissal of the claim, as customers were properly informed and,
accordingly, no accounting provision has been recorded in connection with this matter. Given the nature of