Company: TCMFF
Filing Date: 2025-05-19
Form Type: 6-K
Source: 0001104659-25-050264
Chunk: 52

Company: TELECOM ARGENTINA SA
Filing Date: 2025-05-19
Form: 6-K
Chunk 52
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 of its taxable entities, considering all possible alternatives to achieve a result
and selecting the most tax-efficient option within the regulatory framework. This recoverability ultimately depends on TMA’s ability
to generate taxable income over the period in which the deferred income tax assets are deductible. The analysis takes into account the
estimated timing of deferred income tax liability reversals as well as estimates of taxable income, based on internal projections that
are continuously updated to reflect the most recent trends.

The recognition of tax-related items depends on
several factors, including the estimated timing and realization of deferred income tax assets, the tax rate applicable on each date, and
the expected timing of tax payments. The actual cash flows for income tax payments and collections of TMA’s subsidiaries may differ
from TMA’s estimates due to changes in tax legislation or unforeseen future transactions that may affect tax balances.

Provisions (Note 14)

Provisions are recorded when, as a result of a
past event, the company has a present obligation that is likely to require an outflow of resources and can be reliably estimated. Such
obligations may be legal or constructive, arising from factors including regulations, contracts, customary business practices or public
commitments that have created a valid expectation among third parties regarding the assumption of certain responsibilities. The provision
amount recorded represents the Company’s best estimate of the disbursement required to settle the obligation, considering all available
information as of the reporting date, including the opinion of independent experts such as legal advisors or consultants.

Due to the inherent uncertainties of the estimates
required to determine the amount of provisions, actual disbursements may differ from the originally recognized amounts based on these
estimates.

In general, TMA uses third-party spaces for the
installation of certain equipment. Since TMA is required to dismantle the assets placed on leased sites, a dismantling liability is recorded
based on the discounted value of dismantling costs. Upon initial recognition of this liability, TMA records this cost as a right-of-use,
which is depreciated over the shorter of the estimated life of the asset at the leased site or the lease term.

Revenue recognition (Note 17)

The offers of commercial packages that combine
different goods and services are analyzed to determine whether the different elements identified should be separated, applying the appropriate
revenue recognition criterion in each case. The total revenue from the package is allocated among the identified elements based on their
respective fair values.

Determining the fair values of each identified
element requires complex estimates due to