Company: TCMFF
Filing Date: 2025-05-12
Form Type: 6-K
Source: 0001104659-25-047387
Chunk: 8

Company: TELECOM ARGENTINA SA
Filing Date: 2025-05-12
Form: 6-K
Chunk 8
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 in usage of the Personal Pay digital wallet and an increase in the client base, which reached 3.9 million in 1Q25 vs. 2.5 million in 1Q24. Additionally, other service revenues include P$3,077 million corresponding to TMA. Revenues from equipment sales Consolidated equipment sales revenues totaled P$77,871 million in 1Q25 (+P$27,905 million or +55.8% vs. 1Q24). This variation was mainly driven by a +64% increase in the number of mobile devices sold compared to 1Q24. Equipment sales revenues in 1Q25 include P$15,686 million corresponding to TMA. Consolidated Operating Costs Consolidated Operating Costs, including Depreciation, Amortization, and Impairment of Fixed Assets, amounted to P$1,251,454 million in 1Q25 (+P$144,253 million or +13.0% vs. 1Q24). Excluding Depreciation, Amortization, and Impairment of Fixed Assets, consolidated operating costs increased by P$167,959 million or 22.6% in real terms during the same period. The operating costs of 1Q25 include P$159,850 million corresponding to TMA. The cost breakdown was as follows:

| · | Employee benefits and severance payments: P$286,847 million in 1Q25 (+P$40,752                                                          
 million or +16.6% vs. 1Q24). The increase is primarily due to the consolidation of TMA as of March 31, 2025, which contributed P$43,492 
 million. The total headcount was 19,800 employees as of March 31, 2025.                                                                 |

| · | Interconnection and transmission costs (including roaming, international settlement                                                        
 charges and lease of circuits): P$44,275 million (+P$5,155 million or +13.2% vs. 1Q24). The increase is primarily due to the consolidation 
 of TMA as of March 31, 2025, which contributed P$20,095 million.                                                                           |

| · | Fees for services, maintenance and materials: P$172,012 million in 1Q25                                                                   
 (+P$16,024 million or +10.3% vs. 1Q24). The increase is primarily due to the consolidation of TMA as of March