Company: TCMFF
Filing Date: 2025-11-12
Form Type: 6-K
Source: 0001104659-25-110392
Chunk: 29

Company: TELECOM ARGENTINA SA
Filing Date: 2025-11-12
Form: 6-K
Chunk 29
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 million and $199,976 million in 9M25 and 9M24, respectively.

The increase in Cable television service revenues in 9M25 was mainly due to the consolidation of TMA’s results, which contributed $63,729 million. The customer base for the segment “ICT Services provided in Argentina – TMA Networks” amounted to 0.4 million as of September 30, 2025, representing a 5.8% decrease since the acquisition date. Prices remained in line with the accumulated inflation since the acquisition date.

Excluding the impact of the consolidation of TMA, the increase was mainly due to a 3.2% increase in ARPU and 1.4% increase in customer base.

The ARPU for the segment “ICT Services provided in Argentina – Telecom Networks” amounted to $17,264.4 as of September 30, 2025, compared to an ARPU of $16,731.3 as of September 30, 2024. The increase in ARPU is due to higher prices and less discounts granted during 9M25. The effect generated by the restatement in constant currency as of September 30, 2025, included in ARPU amounts to $808.8 and $5,887.8 as of September 30, 2025, and 2024, respectively.

As of September 30, 2025, the customer base for the segment “ICT Services provided in Argentina – Telecom Networks” amounted to 3.2 million customers, increasing a 1.4% compared to September 30, 2024. This increase was driven by the Flow Full and Flow Flex products, with Flow Flex (which is fully digital and does not require a set-top box or installation) becoming the main product starting in 3Q24. Out of this customer base, 1.7 million are subscribed to Flow Flex, and the average monthly cable TV churn rate stood at 1.5% and 1.8% in 9M25 and 9M24, respectively.

ARPU of Cable Television Services in Argentina - Segment “ICT Services provided in Argentina – Telecom Networks”

An important monthly operational measure used in the Cable Television services is ARPU, which we calculate by dividing adjusted total service revenues—excluding connection and administration fees, advertising services and others— (divided by nine months) by the average number of customers during 9M25. ARPU is not a measure calculated in accordance with I