Company: TCMFF
Filing Date: 2025-05-13
Form Type: 6-K
Source: 0001104659-25-047837
Chunk: 29

Company: TELECOM ARGENTINA SA
Filing Date: 2025-05-13
Form: 6-K
Chunk 29
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,179
million (an increase of $186,182 million or 42.9% as compared to 3M24), being the principal contributor to our total services revenues
for 3M25 (48.2% of services revenues in 3M25 as compared to 42.7% in 3M24). Mobile internet services revenues accounted for 98% and 92%
of total mobile service revenues in 3M25 and 3M24, respectively.

The effect generated by the restatement in current
currency as of March 31, 2025 included in Mobile services revenues amounted to $15,319 million and $183,722 million in 3M25 and 3M24,
respectively.

Mobile services revenues in Argentina amounted
to $586,021 million (an increase of $198,515 million or 51.2% as compared to 3M24). This increase was mainly due to the consolidation
of TMA as of March 31, 2025 which contributed $138,425 million. Excluding the impact of the consolidation of TMA, the increase was mainly
due to a 13.2% increase in the ARPU (average revenue per user), and a 0.9% increase in the number of customers.

The ARPU for
the segment “ICT Services provided in Argentina – Telecom Networks” amounted to $6,837.1 in 3M25 (compared to $6,037.6
in 3M24). The increase in ARPU is due to the fact that the Company was able to pass on the effects of inflation to the price. The effect
generated by the restatement in current currency as of March 31, 2025 included in ARPU amounted to $216.27 and $2,543.43 in 3M25 and 3M24,
respectively).

Our mobile customers in Argentina for the segment
“ICT Services provided in Argentina – Telecom Networks” amounted to 21.4 million and 21.2 million as of March 31, 2025
and 2024, respectively. Out of the total mobile customers as of March 31, 2025, 62% were prepaid customers and 38% were postpaid customers,
whereas as of March 31, 2024, 61% were prepaid customers and 39% were postpaid customers. We observed a change in customer behavior, resulting
in an increase in prepaid