Company: TCMFF
Filing Date: 2025-05-13
Form Type: 6-K
Source: 0001104659-25-047837
Chunk: 34

Company: TELECOM ARGENTINA SA
Filing Date: 2025-05-13
Form: 6-K
Chunk 34
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144,593 |
| Components of service revenues not included in the ARPU calculation: 
 Connection and Reconnection fees and others                          |     |       -74 |
| Adjusted total service revenues included in the ARPU calculation     |     |   144,519 |
| Average number of customers during 3M25 (millions)                   |     |       3.2 |

Fixed and Data Services

Revenues generated by fixed and data services amounted to $154,859 million in 3M25(equivalent to 12.0% of total consolidated services revenues),
increasing $5,558 million or 3.7% as compared to 3M24. The effect generated by the restatement in current currency as of March 31, 2025
included in fixed and data services revenues amounted to $6,106 million and $63,403 million in 3M25 and 3M24, respectively.

The increase in Argentina offixed and data services revenues in 3M25 was mainly due to the consolidation of TMA as of March 31, 2025, which contributed
$35,809 million. Excluding the impact of the consolidation of TMA, the decrease was mainly due to a 4.8% decrease in the customer base
of fixed telephony services.

The customer base of fixed telephony services amounted to 2.7 million in 3M25 of which 1.9 million were IP customers, decreasing 4.8% compared to
3M24. The customer base decreased mainly due to changes in consumption behavior of customers.

Other services revenues

Other services revenues generated by other services
amounted to $15,350 million in 3M25, increasing $3,131 million or 25.6% compared to 3M24. The effect generated by the restatement in current
currency as of March 31, 2025 included in other services revenues amounted to $511 million and $5,008 million in 3M25 and 3M24, respectively.

These services include mainly revenues related
to fintech services, revenues from billing remuneration and collection management on behalf of third parties, administrative revenues
and revenues from the sale of advertising space, among others.

The increase in other services revenue in 3M25
was mainly due to an increase in fintech services in Argentina, principally due to the growth in the use of the "Personal Pay"
digital wallet and the increase of 55