Company: TCMFF
Filing Date: 2025-08-12
Form Type: 6-K
Source: 0001104659-25-076939
Chunk: 34

Company: TELECOM ARGENTINA SA
Filing Date: 2025-08-12
Form: 6-K
Chunk 34
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 June 30, 2025, which contributed $957,634
million of total revenues.

Services revenues amounted to $3,160,986 million in 1H25, representing a 44.2%
increase compared to $2,192,512 million in 1H24. The contribution from the consolidation
of TMA’s results amounted to $885,368 million and represented 94.2% of total revenues.
Equipment revenues amounted to $196,018 million in 1H25 as compared to $131,592
million in 1H24, with TMA contributing $72,266 million, representing 5.8% of total revenues.

Revenues included $158,520 million and $888,227 million
in 1H25 and 1H24, respectively related to the effect generated by the restatement in current currency as of June 30, 2025.

Consolidated revenues for 1H25 and 1H24 are comprised
as follows:

Mobile Services

Mobile services revenues in 1H25 amounted to $1,604,897
million (an increase of $667,424 million or 71.2%
as compared to 1H24), being the principal contributor to our total services revenues for 1H25 (50.8%
of services revenues in 1H25 as compared to 42.8% in 1H24). Mobile internet services revenues accounted for 98%
and 93% of total mobile service revenues in 1H25 and 1H24, respectively.

The effect generated by the restatement in current
currency as of June 30, 2025, included in Mobile services revenues amounted to $67,065 million
and $358,899 million in 1H25 and 1H24, respectively.

Mobile services revenues in Argentina amounted to $ 1,532,029million (an increase of $ 684,175million or 80.7% as compared to 1H24). This increase was mainly due to the consolidation ofTMA’s results as of June 30, 2025, which contributed $572,126 million. Excluding
the impact of the consolidation of TMA, the increase was mainly due to a 12.6% increase in the ARPU (average revenue per user), partially
offset by a 1.3% decrease in the number of customers.

The ARPU for
the segment “ICT Services provided in Argentina –