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

Company: TELECOM ARGENTINA SA
Filing Date: 2025-05-19
Form: 6-K
Chunk 19
---
 restatement in current currency as of December 31, 2024, included in mobile services revenues amounted
to P$249,402 million and P$1,021,226 million in 2024 and 2023, respectively.

Movistar’s ARPUamounted to P$6,859.2 as of December 31, 2024 (compared to P$6,467.3 as of December 31, 2023), mainly due to the
fact that the increase in mobile service revenues was higher than the inflation rate for the year.

Movistar’s mobilecustomers amounted to 17.8 million and 17.7 million as of December 31, 2024, and 2023, respectively. Out of the total
mobile customers as of December 31, 2024, 49% were prepaid customers and 51% were postpaid customers, whereas as of December 31,
2023, 51% were prepaid customers and 49% were postpaid customers.

ARPU of Mobile Services.

The following table shows
of total service revenues to such included in the ARPU calculations of 2024 and 2023:

|                                             |     | Year ended December 31, |      2024 |     |     |      2023 |
|:--------------------------------------------|:----|:------------------------|----------:|:----|:----|----------:|
|                                             |     | -P$ millions            |           |     |     |           |
| Total Mobile services revenues              |     |                         | 1,467,273 |     |     | 1,371,183 |
| Average number of customers during the year 
 (millions)                                  |     |                         |      17.8 |     |     |      17.7 |

Fixed revenues

Fixed revenues in 2024amounted to P$743,330 million (a decrease of P$10,821 million or 1.4% as compared to 2023), being the second contributor
to TMA’s total revenues for 2024 (29.6% of revenues in 2024 as compared to 29.8% in 2023).

Fixed service revenue includes
fixed telephony (voice), internet, Movistar TV, data service, interconnection, wholesale services and others.

TMA’s management does
not calculate ARPU for revenues related to data, interconnection, and wholesale services. Therefore, for the ARPU analysis