Company: TCMFF
Filing Date: 2025-02-27
Form Type: 6-K
Source: 0001104659-25-018326
Chunk: 7

Company: TELECOM ARGENTINA SA
Filing Date: 2025-02-27
Form: 6-K
Chunk 7
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 Costs

Consolidated Operating Costs (including Depreciation, Amortization and Impairment of Fixed Assets) totaled P$4,284,063 million in FY24 (-P$472,255 million or -9.9% vs. FY23). Excluding Depreciation, Amortization and Impairment of Fixed Assets, operating costs experienced a reduction of 7.7% in real terms during the same period. The cost breakdown was as follows:

| ● | Employee                                                                             
 benefits and severance payments: P$1,023,755 million in FY24 (-8.6% vs. FY23). Total 
 employees amounted to 19,987 as of December 31, 2024.                                |

| ● | Interconnection                                                                          
 and transmission costs (including roaming, international settlement charges and lease of 
 circuits): P$118,525 million (-10.5% vs. FY23).                                          |

| ● | Fees                                                                                  
 for services, maintenance and materials: P$550,457 million in FY24 (-2.3% compared to 
 FY23).                                                                                |

| ● | Taxes                                                                        
 and fees paid to regulatory authorities: P$325,622 million (-5.5% vs. FY23). |

| ● | Commissions                                                                          
 and advertising (commissions paid to agents, collection fees and other commissions): 
 These costs totaled P$232,226 million in FY24 (-11.6% vs. FY23).                     |

| ● | Cost                                                                                   
 of handsets sold: P$197,049 million (-18.5% vs. FY23). This variation is mainly due to 
 a decrease in the number of units sold compared to FY23.                               |

| ● | Programming                                            
 and content costs: P$239,016 million (-5.5% vs. FY23). |

| ● | Other                                                                                
 Costs totaled P$286,069 million (-6.0% vs. FY23), of which bad debt expenses totaled 
 P$85,217 million (-12.4% vs. FY23).                                                  |

| ● | Other                                                                                     
 operating costs, including charges for lawsuits and other contingencies, energy and other 
 public services, insurance, rents and internet capacity, among others, totaled P$200,852  
 million (-3.0% vs. FY23).                                                                 |

| ● | Depreciation,                                                                                        
 amortization and impairment of fixed assets amounted to P$1,311,344 million (-14.