Company: TCMFF
Filing Date: 2025-02-28
Form Type: 20-F
Source: 0001104659-25-019133
Chunk: 264

Company: TELECOM ARGENTINA SA
Filing Date: 2025-02-28
Form: 20-F
Item: Item 18
Chunk 264
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 ​            (6,596)
CASH AND CASH EQUIVALENTS AT THE END OF THE YEAR                                             ​               318,319                347,930                271,606
​

                 ​                     ​       ​       ​        ​        ​        ​    
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(*)                                    ​    Years ended December 31,                   
​                                      2024           ​          2023   ​          2022
Corresponding to Controlling Company        —                 (1,442)          (61,379)
Corresponding to subsidiaries               (7,376)           (9,710)           (7,301)
​                                           (7,376)          (11,152)          (68,680)
​
See Note 4.b for additional information on the consolidated statements of cash flows.
The accompanying notes are an integral part of these consolidated financial statements.
​
​
​

F-

TELECOM ARGENTINA S.A.

NOTE 1 - DESCRIPTION OF BUSINESS AND BASIS OF PREPARATION OF THE CONSOLIDATED FINANCIAL STATEMENTS
a)    The Company and its Operations
Telecom Argentina was created through the privatization of ENTel, the state-owned company that provided telecommunication services in Argentina.
Telecom Argentina’s license, as originally granted, was exclusive to provide telephone services in the northern region of Argentina since November 8, 1990 through October 10, 1999. As of October 10, 1999, the Company also began providing telephone services in all the country.
In November 2017, the Company merged with Telecom Personal, so, since that date, it provides directly mobile telecommunications services.
As a consequence of the merger with Cablevisión (accounted for as a reverse acquisition on January 1, 2018), the Company provides cable television services through networks installed in different localities in Argentina and Uruguay. 
Therefore, the Company mainly provides fixed and mobile telephony services, cable television services, data and Internet services, among others, in Argentina. Additionally, through its subsidiaries, it also provides diverse ICT Services in Uruguay, Paraguay, USA and Chile.
Moreover, through its controlled companies Micro Sistemas, Personal Envíos and CrediPay, the Company provides fintech services related to the use of electronic means of payment, transfers and/or electronic use of money, among others.
As of December 31, 2024, the following are the subsidiaries included in the consolidation process and the respective equity