Company: TCMFF
Filing Date: 2025-05-13
Form Type: 6-K
Source: 0001104659-25-047837
Chunk: 12

Company: TELECOM ARGENTINA SA
Filing Date: 2025-05-13
Form: 6-K
Chunk 12
---
,774 |                     92 |                 -242 |               14,624 |

|                  |    Balances as of 
 December 31, 2023 | Earnings (loss) of 
         the period | Dividends from 
     associates |    Currency 
 translation 
 adjustments | Balances as of 
 March 31, 2024 |
|:-----------------|------------------:|-------------------:|---------------:|------------:|---------------:|
| Ver TV           |            24,807 |             -1,143 |           -438 |           - |         23,226 |
| TSMA             |             9,017 |                -20 |              - |           - |          8,997 |
| La Capital Cable |             5,316 |                101 |              - |           - |          5,417 |
| OPH              |            17,145 |             -1,057 |              - |      -2,370 |         13,718 |
|                  |            56,285 |             -2,119 |           -438 |      -2,370 |         51,358 |

| F-15 |

| TELECOM        
 ARGENTINA S.A. |

NOTE 3 – GOODWILL

Movements in Goodwill are as follows:

|                                  | March 31, |           |
|                                  |      2025 |      2024 |
| At the beginning of the year     | 3,661,699 | 3,650,303 |
| Currency translation adjustments |       712 |    -6,008 |
| At the end of the period         | 3,662,411 | 3,644,295 |

NOTE 4 – PP&E

|                                                        | March 31, | December 31, |
|                                                        |      2025 |         2024 |
| PP&E                                                   | 5,454,136 |    4,751,539 |
| Allowance for obsolescence and impairment of materials |   -35,330 |      -35,026 |
| Accumulated impairment of others PP&E                  |   -15,520 |      -14,919 |
|                                                        | 5,403,286 |    4,701,594 |

Movements in PP&E (without allowance for obsolescence
and impairment of materials and accumulated impairment of others PP&E) are as follows:

|                                                          | March 31,