Company: TCMFF
Filing Date: 2025-11-12
Form Type: 6-K
Source: 0001104659-25-110392
Chunk: 28

Company: TELECOM ARGENTINA SA
Filing Date: 2025-11-12
Form: 6-K
Chunk 28
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.5 as of September 30, 2025, and 2024, respectively.

The customer base for the segment “ICT Services provided in Argentina – Telecom Networks” increased amounting to 4.1 million customers as of September 30, 2025 (a 2.5% increase compared to September 30, 2024). The churn rate per month amounted to 1.2% and 1.6% in 9M25 and 9M24, respectively.

ARPU of Internet Services in Argentina - Segment “ICT Services provided in Argentina – Telecom Networks”

A monthly operational measure used in internet services is ARPU, which we calculate by dividing adjusted total service revenues -excluding connection and rehabilitation fees revenues and others- (divided by nine months) by the average number of customers during 9M25. ARPU is not a measure calculated in accordance with IFRS Accounting Standards and our measure of ARPU may not be calculated in the same manner as similarly titled measures used by other companies. In particular certain components of service revenues are excluded from Internet’s ARPU calculations presented in this operating and financial review and prospects as of September 30, 2025. Management believes that this measure is helpful in assessing the development of the subscriber base of Internet services. The following table shows the reconciliation of total service revenues to such revenues included in the ARPU calculations of 9M25:

|                                                          |     |      9M25 |
|                                                          |     | $ million |
| Total                                                    
 Internet service revenues                                |     |   925,049 |
| Components                                               
 of service revenues not included in the ARPU calculation |     |    -1,017 |
| Adjusted                                                 
 total service revenues included in the ARPU calculation  |     |   924,032 |
| Average                                                  
 number of customers during 9M25 (millions)               |     |       4.1 |
| ARPU                                                     
 of Internet service revenues in Argentina                |     |  25,041.5 |

Cable Television Services

Cable television services revenues amounted to $631,457 million in 9M25 (equivalent to 11.9% of total consolidated services revenues), increasing $86,302 million or 15.8% as compared to revenues in 9M24. The effect generated by the restatement in constant currency as of September 30, 2025, included in cable television services revenues, amounted to $46,155