Company: TCMFF
Filing Date: 2025-08-12
Form Type: 6-K
Source: 0001104659-25-076939
Chunk: 21

Company: TELECOM ARGENTINA SA
Filing Date: 2025-08-12
Form: 6-K
Chunk 21
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 1,242 |   1,242 |
| Non-current Assets                                                    |         |         |         |
| Other receivables: Compensation received for company acquisitions (3) |       - |   2,782 |   2,782 |
| Total assets                                                          | 120,327 |   4,024 | 124,351 |
| Liabilities                                                           |         |         |         |
| Current Liabilities                                                   |         |         |         |
| Other liabilities: Debt for acquisition of NYSSA (3)                  |       - |     740 |     740 |
| Non-current Liabilities                                               |         |         |         |
| Other liabilities: Debt for acquisition of NYSSA (3)                  |       - |     692 |     692 |
| Total liabilities                                                     |       - |   1,432 |   1,432 |

| (1) | The Mutual funds are included in Cash and cash equivalents,                                                                        
 Investments and Guarantee of financial operations included in Other receivables. The Government bonds are included in Investments. |

| (2) | The fair value is based on information                                                                                                 
 obtained from active markets and corresponds to quoted market prices as of period-end. A market in which transactions for the asset or 
 liability take place with sufficient frequency and volume to provide pricing information on an ongoing basis.                          |

| (3) | The fair value was determined                                                                                    
 by the variation between the quoted values of certain public securities in foreign currency and Argentine pesos. |

| (4) | DFI for forward purchases of US                                                                                    
 dollars, calculated by the variation between the market prices at the end of the period and the time of agreement. |

In relation to the fair values set forth above,
as of June 30, 2025, there were no changes in the methods and assumptions used with respect to what was reported in Note 22 to the consolidated
financial statements as of December 31, 2024.

The Company also has certain financial instruments
that are not measured at fair value for which the book value approximates their fair value, except for:

Borrowings

As of June 30, 2025, the fair
value of borrowings is as follows:

|                  | Carrying Value | Fair Value |
| Notes            |      3,328,903 |  3,238,817 |
| Other borrowings |      1,087,497 |  1,137,137 |