Company: TCMFF
Filing Date: 2025-02-28
Form Type: 20-F
Source: 0001104659-25-019133
Chunk: 89

Company: TELECOM ARGENTINA SA
Filing Date: 2025-02-28
Form: 20-F
Item: Item 4
Chunk 89
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 COMPANY   TELECOM ARGENTINA S.A.
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It should be noted, as background, that the Supreme Court of Justice denied the appeals against the rulings issued by the Federal Administrative Litigation Chamber.
As supported by the preliminary injunctions granted, the Company, during the last three years, has increased the prices of its services in order to continue to match the increase in its costs due to inflation.
On November 17, 2023, Telecom was notified of the first instance ruling that resolves the nullity of Decree No. 690/20 and ENACOM Resolutions No. 1,466/20 and 1,467/20. Among the main arguments, and in order to resolve, the judge considered that the fact of establishing permanent measures through a Decree affects the principle of reasonableness between the purpose of the norm and the means used. By providing that private activity be removed from the private sector, it has an expropriation nature since acquired rights constitutionally protected by the Section 17 of the Argentine Constitution. Likewise, it concluded that the increase in costs due to the implementation of the PBU, together with the price freeze provided for by the Decree, are burdensome measures for licensees and potentially harmful for users which, contrary to the purpose sought by the norm, would result in in lower investment and lower quality of service, violating constitutionally protected rights. This decision was fully upheld by the Federal Administrative Court of Appeals on June 19, 2024. 
On July 4, 2024, the PEN filed an extraordinary appeal against the Court of Appeals’ decision. In September 2024, the Second Chamber of the Federal Court of Appeal for Administrative Matters dismissed the extraordinary appeals filed by PEN and ENACOM.
The Federal Administrative Court No. 8 considered the case closed on October 16, 2024.
For further information, see “Item 4 —Regulatory Authorities and Framework—Significant 2024 Events—Decree No. 690/20 - Amendment to the LAD” 
Separately, through Emergency Decree No. 302/24, the PEN repealed Decree No. 690/20. Furthermore, on June 25, 2024, through ENACOM Resolution No. 13/24, the ENACOM revoked the regulations that limited price increases for internet, mobile telephony, and cable television services.
Telecom’s License
According to the LAD, Telecom holds a non-expiring Unique Argentine Digital License (