Company: TCMFF
Filing Date: 2025-02-28
Form Type: 20-F
Source: 0001104659-25-019133
Chunk: 359

Company: TELECOM ARGENTINA SA
Filing Date: 2025-02-28
Form: 20-F
Item: Item 18
Chunk 359
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. Consequently, there are no significant positions with any one single counterpart.
Telecom serves a wide range of customers, including residential customers, businesses and governmental agencies. As such, Telecom’s account receivables are not subject to significant concentration of credit risk.
Liquidity risk
Liquidity risk represents the risk that Telecom and its subsidiaries have no funds to accomplish its obligations of any nature (labor, commercial, fiscal and financial, among others).
Telecom has an excellent credit rating and has several financing sources and several offers from first-class institutions to diversify its current funding structure, which includes accessing to capital market and obtaining competitive bank loans in what relates to terms and financial costs, in all cases, both at the domestic and international level, with the objective of covering its investments, operative working capital, and other corporative expenses and refinancing part of its borrowings. For further information on bank loans agreements, bank loans payments and bank loans restructured, see Note 13.
The Company’s management evaluates the national and international macroeconomic context (including regulatory restrictions and foreign exchange restrictions) to take advantage of market opportunities to presser the financial health for the benefit of its investors.

F-

TELECOM ARGENTINA S.A.

The table below contains a breakdown of financial liabilities into relevant maturity groups based on the remaining period at the date of the consolidated statement of financial position to the contractual maturity date. The amounts disclosed in the table are the contractual undiscounted cash flows.
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​                                 ​      Trade   ​            ​   ​        Leases   ​   Other         ​         Total as of
Maturity Date                         payables       Borrowings       liabilities       liabilities       December 31, 2024
Due                                     23,002                —                 —       —                            23,002
January 2025 thru December 2025        421,685        1,075,243            77,729       14,165                    1,588,822
January 2026 thru December 2026         11,674          668,889            50,688       3,359                       734,610
January 2027 thru December 2027          4,623          375,230            38,593       —                           418,446
January 2028 and thereafter       179                 1,283,