Company: TCMFF
Filing Date: 2025-02-28
Form Type: 20-F
Source: 0001104659-25-019133
Chunk: 76

Company: TELECOM ARGENTINA SA
Filing Date: 2025-02-28
Form: 20-F
Item: Item 4
Chunk 76
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 The comprehensive strategy addresses not only staff augmentation but also resource optimization, excellence in internal development, strategic collaboration, and adaptability to emerging technological trends. This presentation reflects Personal Pay’s transparency and commitment to efficiency and excellence in all areas of its fintech business.

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PART I - ITEM 4 INFORMATION ON THE COMPANY   TELECOM ARGENTINA S.A.
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Competition
The fintech ecosystem in Argentina has been expanding in recent years and is one of the industries with the greatest evolution and innovation, with positive changes in consumer payment behavior. 
According to information from the BCRA and the fintech chamber, electronic payments are increasing, while cash payments are decreasing.
In Argentina there are more than 134 digital wallets, but the consolidated players with comprehensive solutions and use case portfolios are Mercado Pago, Naranja X and Ualá.
ØSubsidiaries in Paraguay and Uruguay
Paraguay
We provide mobile telecommunications services nationwide and distribution of audio and satellite signals to customers’ homes in Paraguay through our subsidiary Núcleo, under the “Personal” brand. Núcleo obtained licenses to provide commercial mobile services, Internet access, Flow service and videoconferencing and data transmission services in Paraguay.
As of December 31, 2024, Núcleo had approximately 2.6 million mobile customers, 0.3 million internet customers and 0.1 million cable television customers.
Regarding postpaid mobile services, during 2024, Núcleo maintained its customer acquisition strategy through aggressive offers and focus on convergent customers. Regarding prepaid mobile services, Núcleo continued to offer packs that included advantages in the use of data, as well as unlimited calls to all operators.
In terms of internet services, in Paraguay we continued expanding our FTTH network, delivering high speed internet leveraged on the fastest fiber optic network in the country.
Network and Equipment
In Paraguay, the mobile access network continued to expand with the addition of 23 new sites. The installation, commissioning, and operational testing of the 5G trial node were completed in October 2024, marking a key milestone ahead of the upcoming tender for the 3,500 MHz band spectrum, scheduled for early 2025. In December 2024, CONATEL released the draft terms and conditions, inviting interested parties to submit queries and suggestions for consideration.
Regarding internet services, in 2024, Núcleo continued with the deployment of its fixed network, which