Company: TCMFF
Filing Date: 2025-05-12
Form Type: 6-K
Source: 0001104659-25-047387
Chunk: 11

Company: TELECOM ARGENTINA SA
Filing Date: 2025-05-12
Form: 6-K
Chunk 11
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4, restated by inflation. This increase is primarily explained by the loans taken for the acquisition of TMA. * Contemplates rate swaps and NDF (non-delivery forwards) agreements. Investments in PP&E, intangible assets and rights of use assets As of March 31, 2025, consolidatedCAPEX (additions to Property, Plant and Equipment and intangible assets) totaled P$176,721 million, (+ 8.3% compared to 1Q24). Including right-of-use assets, total CAPEX amounted to P$220,409 million, of which P$21,759 million corresponding to TMA. The investments were focused on:

| · | Expansion                                                                                        
 of cable TV and internet services to improve transmission and access speed offered to customers. |

| · | Deployment and modernization of our 4G mobile access sites to improve coverage                                                             
 and increase mobile network capacity. The deployment of 4G/LTE reached a coverage of 98% of the population. Our mobile subscribers with    
 access to our 4G network, according to Ookla's latest March 2025 benchmark, perceived a better service experience, reaching average speeds 
 of 76Mbps, compared to 40Mbps during the same period in 2024.                                                                              |

| · | During the first months of 2025, we continued the expansion of our 5G network 
 with the addition of 31 sites.                                                |

| · | Additionally, we continued to deploy mobile site connectivity to achieve better         
 quality and capacity, replacing radio links with high-capacity fiber optic connections. |

Relevant financial events of the period Merger between Telecom Argentina, AVC and NYSSA With respect to the information disclosed in Note 28.d) to the individual financial statements as of December 31, 2024, it should be noted that: On February 27, 2025, the Board of Directors of Telecom Argentina (the absorbing company) and the Boards of Directors of the absorbed companies (NYSSA and AVC) resolved to approve the corporate reorganization whereby Telecom Argentina, as the absorbing and continuing company, incorporated its subsidiaries NYSSA and AVC through a merger.

<div align='center'>Investments (in billion
P$) (includes rights of
use assets)</div>

| TELECOM ARGENTINA | 8 |

The effective date of the merger was January 1, 2025, from which date the entire assets and liabilities of the absorbed companies were deemed to have been transferred