Company: TCMFF
Filing Date: 2025-02-28
Form Type: 20-F
Source: 0001104659-25-019133
Chunk: 209

Company: TELECOM ARGENTINA SA
Filing Date: 2025-02-28
Form: 20-F
Item: Item 10
Chunk 209
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 nominal value, if the former is lower;
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(vi)   sales of BOPREAL Bonds obtained in a primary subscription.
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When the client is a legal entity, Communication “A” 7327 (as amended by Communication “A” 7766) establishes the same requirements in relation to its direct controlling and holders (defined in accordance with the BCRA rules indicated therein). Besides identifying in detail the persons or legal entities that exercise a direct control relationship over it, it must indicate the legal entities with which it forms part of the same economic group. And, for this purpose, the companies that share a control relationship of the type defined in the rules of “Large exposures to credit risk” must be considered as members of the same economic group.
Also, Communication “A” 7142 established that securities transactions arranged abroad may not be settled in Pesos in the country, and only those transactions arranged in the country may be settled in Pesos in the country.

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PART I - ITEM 10 ADDITIONAL INFORMATION   TELECOM ARGENTINA S.A.
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Duly registered securities that are denominated and payable in foreign currency in Argentina between residents
In accordance with Section 3.6 of Communication “A” 8035, access to the FX Market for the payment of foreign currency denominated obligations between Argentine residents executed as of September 1, 2019 is prohibited, except for payments, as from their maturity, of principal and interest of (i) loans in foreign currency granted by local financial entities (including payments of credit cards); (ii) the issuance of debt securities for the refinancing of the debt transactions entered into as of September 1, 2019 that result in an increase in the average life of the debt; (iii) the issuance of debt securities with public registry in Argentina as of November 29, 2019, denominated, subscribed and payable in foreign currency, to the extent the proceeds have been settled through the FX Market; (iv) promissory notes with a public offering issued under the terms of CNV General Resolution No. 1003/24 and related resolutions, denominated and underwritten in foreign currency, with principal and interest payments payable in foreign currency in the country, provided that all funds obtained have been settled in the foreign exchange market.; (v) the issuance of debt securities with public registration in the country, (a) with an average life of not less than two years, denominated in