Company: TCMFF
Filing Date: 2025-11-12
Form Type: 6-K
Source: 0001104659-25-110392
Chunk: 11

Company: TELECOM ARGENTINA SA
Filing Date: 2025-11-12
Form: 6-K
Chunk 11
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| Deferred tax                                                             |       210,198 |   -527,162 |
| Income tax benefit (expense)                                             |        64,409 |   -556,137 |

(*) Includes $(972) million and $3,572 million for
the nine-month periods ended September 30, 2025 and 2024, respectively, corresponding to adjustments made in the respective 2024
and 2023 tax returns. It also includes $282 million for the nine-month period ended September 30, 2024, related to a creditable withholding
originated in the subsidiary MFH, which is not an income tax liable entity.

<div align='center'>F-24

TELECOM ARGENTINA S.A.</div>

NOTE 9 – PROVISIONS AND ALLOWANCES

The evolution of the allowances deducted from the asset is detailed below:

|                                               | Trade receivables |          | Other receivables |          | Inventories |          |
|                                               |          09.30.25 | 09.30.24 |          09.30.25 | 09.30.24 |    09.30.25 | 09.30.24 |
| At the beginning of the year                  |          -115,535 |  -93,287 |            -1,645 |   -4,658 |      -9,494 |   -3,630 |
| Increases                                     |           -97,299 |  -77,335 |            -1,498 |   -1,101 |      -6,167 |   -3,351 |
| Acquisitions through business combination (*) |          -120,152 |     -161 |                 - |        - |           - |        - |
| Uses and others                               |            36,959 |   10,351 |               735 |    1,112 |         979 |      277 |
| RECPAM and currency translation adjustments   |            36,988 |   59,058 |               230 |    2,378 |         -14 |        - |
| At the end of the period                      |          -259,039 | -101,374 |            -2,178 |   -2,269 |     -14,696 |   -6,704 |

(*) See Note 16.

The evolution of provisions as of September 30, 2025, and 2024 is as follows:

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