Company: TCMFF
Filing Date: 2025-05-13
Form Type: 6-K
Source: 0001104659-25-047837
Chunk: 7

Company: TELECOM ARGENTINA SA
Filing Date: 2025-05-13
Form: 6-K
Chunk 7
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,
applying the guidance in IAS 29. (See Note 1.d).

We have not recast our annual financial statements
to measure them in terms of current pesos as of March 31, 2025, the most recent financial period for which consolidated financial statements
are available. Therefore, the annual financial statements and the unaudited condensed consolidated financial statements are not comparable.

These unaudited condensed consolidated financial
statements were prepared following the same accounting policies as in the most recent annual financial statements, except for those policies
incorporated due to the acquisition of TMA:

| (i) | measurement of financial assets: assets that are                                                                                       
 held for collection of contractual cash flows and for selling, where the assets’ cash flows represent solely payments of principal     
 and interest, are measured at fair value through other comprehensive income. Movements in the carrying amount are taken through other  
 comprehensive income, except for the recognition of impairment gains or losses, interest income and foreign exchange gains and losses, 
 which are recognized in profit or loss, within “Other financial results, net”. When the financial asset is derecognized, the           
 cumulative gain or loss previously recognized in other comprehensive income is reclassified from equity to profit or loss,             |

| (ii) | Investment properties, which is recorded initially                                                                                               
 at cost, and then at cost less accumulated depreciation, and comprise primarily land and buildings that are not occupied for its own operations, 
 and the depreciation is calculated on a straight-line basis for the estimated useful life of 50 years, (calculated in accordance with            
 technical studies, periodically reviewed) and                                                                                                    |

| (iii) | termination benefits plans: additionally to what                                                                                             
 is mentioned in Note 3.o) to the annual financial statements as of December 31, 2024, the company recognizes costs for a restructuring       
 according to IAS 37 (i.e., it has a detailed formal plan for the restructuring, and it has raised a valid expectation in those affected      
 that it will carry out the restructuring) and when involves the payment of terminations benefits. These termination benefit plans correspond 
 to the TMA subsidiary, are recognized in the line “Salaries and social security payables” in the consolidated statements of                  
 financial position and amounted to $1,362 million as of March 31, 2025.                                                                      |

These unaudited condensed consolidated financial
statements were prepared including in the consolidation process the following companies:

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