Company: TCMFF
Filing Date: 2025-08-12
Form Type: 6-K
Source: 0001104659-25-076939
Chunk: 14

Company: TELECOM ARGENTINA SA
Filing Date: 2025-08-12
Form: 6-K
Chunk 14
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NOTE 4 – PP&E

|                                                        |  June 30, | December 31, |
|                                                        |      2025 |         2024 |
| PP&E                                                   | 5,719,015 |    5,037,236 |
| Allowance for obsolescence and impairment of materials |   -38,457 |      -37,132 |
| Accumulated impairment of others PP&E                  |   -15,469 |      -15,817 |
|                                                        | 5,665,089 |    4,984,287 |

Movements in PP&E (without allowance for obsolescence
and impairment of materials and accumulated impairment of others PP&E) are as follows:

<div align='center'>F-19</div>

| TELECOM        
 ARGENTINA S.A. |

|                                                         |  June 30, |           |
|                                                         |      2025 |      2024 |
| At the beginning of the year                            | 5,037,236 | 5,755,453 |
| Acquisitions through business combination (*)           |   868,422 |     2,546 |
| CAPEX                                                   |   430,744 |   289,612 |
| Currency translation adjustments                        |     4,945 |  -170,459 |
| Net carrying value of decreases                         |      -951 |      -537 |
| Reclassified to Assets classified as held for sale (**) |       -98 |    -2,483 |
| Depreciation of the period                              |  -621,283 |  -593,709 |
| At the end of the period                                | 5,719,015 | 5,280,423 |

(*) For June 30, 3025, it corresponds to the acquisition
of TMA (see Note 16). For June 30, 2024, it corresponds to the acquisition of Naperville.

(**) Corresponds to properties that the Company
has considered available for sale and meet the requirements of IFRS 5 for their classification.

Movements in the allowance for obsolescence and
impairment of materials are as follows:

|                                  | June 30, |         |
|                                  |     2025 |    2024 |
| At the beginning of the year     |  -37,132 | -55,123 |
| (Increases)/Decreases            |   -1,303 |   9,198 |