Company: TCMFF
Filing Date: 2025-02-27
Form Type: 6-K
Source: 0001104659-25-018326
Chunk: 10

Company: TELECOM ARGENTINA SA
Filing Date: 2025-02-27
Form: 6-K
Chunk 10
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 Principal                  
 repayment                  | Interest 
 rate     | Interest   
 payment    |
| 23    | US$      |            75 | Nov-24      | Nov-28   | In                         
 1 payment at maturity date | Fixed:   
 7%       | Semiannual |

Conductive proceedings for a merger On December 4, 2024, the Company’s Board of Directors, along with the Boards of its controlled companies Negocios y Servicios S.A.U. (“NYSSA”) and AVC Continente Audiovisual S.A. (“AVC”), approved the initiation of the process of corporate reorganization involving the merger by absorption of NYSSA and AVC (as the absorbed companies) by Telecom Argentina (as the absorbing company), effective January 1, 2025, the date from which the operations of NYSSA and AVC will be considered to be performed by Telecom Argentina. Additionally, the timely preparation of the Special Consolidated Financial Statements of the merger of Telecom Argentina, NYSSA and AVC as of December 31, 2024, has been entrusted, based on the respective Financial Statements of the Company to be prepared as of the same date.

| TELECOM ARGENTINA | 8 |

Redemption of Class 1 Notes

In December 2024, the Company carried out a partial redemption of its Class 1 Notes for an amount equivalent to US$120 million. As of December 31, 2024, following the cancellations made, the outstanding nominal principal of the Class 1 Notes stands at US$162.7 million.

Relevant events after December 31, 2024

Acquisition of Telefónica Móviles Argentina

On February 24, 2025, the Company acquired 86,460,983,849 ordinary shares of Telefónica Móviles Argentina S.A. (“TMA”), representing 99.999625% of its share capital. TMA is a company incorporated in the Republic of Argentina and provides mobile and fixed telephony, fixed broadband, and video services on a national scale in Argentina.

The total consideration for this acquisition was US$1.245 billion, which was settled as follows: a) By assuming a debt of US$126 million that the seller had with TMA; and b) The remaining balance of US$1.119 billion was paid through funds obtained from two loans:

i) A Syndicated Loan granted by Banco Bilbao Vizcaya Argentaria S.A., Deutsche Bank AG