Company: TCMFF
Filing Date: 2025-02-28
Form Type: 20-F
Source: 0001104659-25-019133
Chunk: 36

Company: TELECOM ARGENTINA SA
Filing Date: 2025-02-28
Form: 20-F
Item: Item 3
Chunk 36
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 build and maintain parts of our network, affect our suppliers in providing the necessary products and services to ensure the quality and coverage of our network, or require us to incur significant costs to enhance the climate resilience of our infrastructure. Any of these situations could delay our network deployment plans, disrupt service to our customers, increase our costs, and negatively impact our operational results. While we do not currently consider the potential losses or costs associated with the physical effects of climate change to be material, accurately and precisely forecasting future impacts remains challenging due to the dynamic nature of climate change and its effects on the environment and we can provide no assurances that such losses or costs will not become material in the future.
Stakeholders’ evolving expectations regarding our ESG practices may impose additional costs or expose us to new risks.
Customers, regulators, investors, and other stakeholders are increasingly focused on the ESG practices of companies across all sectors. Concerns about these issues may lead to new or heightened legal and/or regulatory requirements. 
The market demonstrates significant interest in the constantly evolving ESG trends. Our business reputation could be damaged if we fail to adapt or to meet these changing expectations, or if it is perceived that we have not adequately responded to the growing concern for ESG issues, regardless of whether there is a legal requirement to do so.
Operational risks could adversely affect our reputation and our profitability.
Telecom faces significant digital security risks and challenges, operating in an environment attractive to cybercriminals, due to the high volume of data and transactions. This necessitates robust prevention, detection, and control measures to mitigate the risks of internal and external fraud, including the loss or misuse of confidential information.
Telecom also prioritizes physical security across all Company sites, as well as of its employees. To this end, we are tasked with implementing measures to protect employee health and safety, including preventing illnesses, accidents and other life-threatening hazards.
Additionally, our infrastructure is geographically dispersed throughout Argentina, therefore, exposed to various risks, including vandalism, extreme weather events (e.g., high temperatures, heatwaves and storms) and other physical threats. These risks can result in physical injuries, property damage, service interruptions, and reputational harm. While we are actively upgrading our systems, there may be delays or unforeseen issues during shutdowns and system stabilization potentially impacting operational capacity.
In addition to managing legal, regulatory, compliance, competition, process, labor, and economic-financial risks, we recognize and address social risks related to operating in a diverse and inclusive environment, considering factors such as gender,