Company: TCMFF
Filing Date: 2025-05-19
Form Type: 6-K
Source: 0001104659-25-050264
Chunk: 1

Company: TELECOM ARGENTINA SA
Filing Date: 2025-05-19
Form: 6-K
Chunk 1
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 Companythrough cash on hand and two loans totaling US$1,170 million (collectively, the “Existing
Loans”):

| · | An unsecured syndicated loan granted by Banco Bilbao Vizcaya Argentaria S.A., Deutsche Bank AG, London 
 Branch and Banco Santander, S.A., governed by New York law (the “Syndicated Loan”); and                |

| · | An unsecured bilateral loan granted by Industrial and Commercial Bank of China (Argentina) S.A.U., governed 
 by Argentine law (the “Bilateral Loan”).                                                                    |

The Existing Loans contain terms and conditions that are customary for similar financings, as described further onthe Company’s
annual report on Form 20-F for the year ended December 31, 2024, filed with the SEC on February 28, 2025 (the “TEO
2024 20-F”).

The Acquired Business

TMA is a corporation (sociedad anónima) organized under the laws of Argentina in 1994 with a term of existence of 99
years from its initial registration. Prior to the Acquisition, TMA was an indirect wholly-owned subsidiary of Telefónica, S.A.,
a corporation (sociedad anónima) organized under the laws of the Kingdom of Spain (“Telefónica Parent”).
Prior to the Acquisition, TMA conducted its business under the commercial name “Telefónica” and was part of the Telefónica
Parent’s “Telefónica Hispam” reporting segment, which included Telefónica Parent’s operators in
Colombia, Mexico, Venezuela, Ecuador, Argentina, Chile, Peru and Uruguay.

TMA has several agreements with Telefónica Parent governing the use of several of Telefónica Parent’s brands (including Movistar), trademarks and other intellectual property in Argentina. These contracts are renewed periodically.As of the date of
this Form 6-K (the “TMA 6-K”), TMA continues to use the “Telefónica,” “Movistar” and “Tuenti”
Trademarks under the Trademark License Agreement. For additional information, see “—Trademark License Agreement” below.

Since its incorporation, TMA
has gone through a series of transactions and corporate reorganizations, the most significant being (i) the acquisition and subsequent
merger of TMA with Compañía de Radiocomunicaciones Móviles, S.A. in 2005, and (ii) TMA