Company: TCMFF
Filing Date: 2025-08-12
Form Type: 6-K
Source: 0001104659-25-076939
Chunk: 36

Company: TELECOM ARGENTINA SA
Filing Date: 2025-08-12
Form: 6-K
Chunk 36
---
                                |     | $ million |
| Total Mobile service revenues                                                                                                                                  |     |   959,903 |
| Components of service revenues not included in the ARPU calculation: out collect (wholesale) roaming, cell sites rental, reconnection fees revenues and others |     |    -2,362 |
| Adjusted total service revenues included in the ARPU calculation                                                                                               |     |   957,541 |
| Average number of customers during 1H25 (millions)                                                                                                             |     |      21.4 |
| ARPU of Mobile Services in Argentina                                                                                                                           |     |   7,444.0 |

Mobile services revenues generated in Paraguay
amounted to $72,868 million in 1H25 (a $16,751 million or 18.7%% decrease compared to 1H24), this decrease is the result of a decrease
in the ARPU measured in constant pesos, partially offset by the appreciation of the guaraní against the Argentine peso and an increase
in the customer base.

Paraguay’s ARPU amounted to $6,292.0 in 1H25
(compared to $9,585.3 in 1H24), representing a 34.4% decrease. This decrease is due to the progressive reduction in the prepaid customer
base and recharge levels, attributed to the widespread use of Wi-Fi networks, which impacted mobile data usage. Additionally, it is worth
noting that mobile service prices, measured in constant pesos (as a result of the appreciation of the guaraní against the Argentine
peso), did not increase in line with inflation, which reached 39.4% over the last twelve months.

In 1H25, the customer base in Paraguay amounted
to 2.7 million customers, increasing a 10.1% compared to 1H24. This increases mainly due to the migration of customers from the prepaid
to the postpaid segment and the acquisition of new customers because of marketing campaigns. Out of the total mobile customers as of June
30, 2025, 72% were prepaid customers and 28% were postpaid customers, whereas as of June 30, 2024, 74% were prepaid customers, and 26%
were postpaid customers. The average churn rate per month amounted to 2.3% in 1H25 (compared to a 2.6% average in 1H24).

Internet Services

Internet services