Company: TCMFF
Filing Date: 2025-05-19
Form Type: 6-K
Source: 0001104659-25-050264
Chunk: 88

Company: TELECOM ARGENTINA SA
Filing Date: 2025-05-19
Form: 6-K
Chunk 88
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 in which public service agreements are contracted does not allow for the execution thereof,
and TASA began charging for the message consultation service in 2006, after prior notification in the invoices and brochures sent to customers.
In addition to this, the home maintenance service is based on Decrees No. 62/90 and 2332/90, and both the service and the price increase
have been duly explained to customers.

TMA and its legal counsel consider that the main
issue to be determined is whether the Company is required to enter into written contracts with service users and whether users have given
valid consent. Additionally, they must assess whether the information provided to customers was sufficient. Given the early stage of the
claim, in the event of a ruling against the evaluation made by Management and its legal counsel, they consider that this could have a
significant impact on TMA of approximately 14,018 million pesos. No accounting provision has been recorded in connection with this matter.

Labor jurisdiction interest

In September 2022, the National Court of
Appeals on Labor Matters (CNAT) issued Memorandum No. 2764, establishing the interest rates applicable to ongoing cases without a
final judgment. Through this and the subsequent Memorandum No. 2768/22, the CNAT decided to maintain the interest rates set in Memorandums
No. 2601/14, 2630/16 and 2658/17, with annual capitalization starting from the service of the claim. This resolution proposed an
interest structure for cases without a final ruling and for credits without a specific legal regime. However, the annual capitalization
resulted in disproportionate and unreasonable results, leading to multiple challenges before the Supreme Court of Justice of the Nation
(CSJN) by the obligors.

Upon this situation, on February 29, 2024,
the CSJN ruled that the periodic capitalization set forth in Memorandum No. 2764 lacked legal grounds under the Civil and Commercial
Code of the Nation. In particular, Article 770 of such code prohibits anatocism (interest capitalization), except in the exceptions
expressly provided for.

Following this ruling, the CNAT issued Memorandums
No. 2783 and No. 2784, proposing a new interest calculation structure. However, they were disallowed by a new ruling of the
CSJN. Finally, on August 21, 2024, the CNAT issued Memorandum No.