Company: TCMFF
Filing Date: 2025-08-12
Form Type: 6-K
Source: 0001104659-25-076939
Chunk: 19

Company: TELECOM ARGENTINA SA
Filing Date: 2025-08-12
Form: 6-K
Chunk 19
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593 |
| Total                              | 182,475 |

Labor contingencies mainly derive from:

| · | Joint and several liabilities 
 in labor matters;             |

| · | Occupational accidents and diseases; 
 and                                  |

| · | Salary differences and other compensation 
 payments.                                 |

Tax contingencies mainly derive from
claims from ARCA, provincial tax authorities and municipalities. In this case, they primarily relate to:

| · | Municipal fees; and |

| · | National and provincial taxes. |

<div align='center'>F-24</div>

| TELECOM        
 ARGENTINA S.A. |

Civil and regulatory contingencies relate to civil, commercial, administrative
litigation, regulatory, and other matters. In this case, they primarily relate to:

| · | damages; |

| · | regulatory claims; |

| · | claims relating to accountability; 
 and                                |

| · | fines imposed by regulatory authorities. |

Given the nature of the risks covered by these provisions,
it is not possible to precisely determine the probable dates of potential payments.

In addition to the aforementioned contingencies,
there are other claims filed against TMA by different customer associations related to the industry and market common issues, some of
which are in their initial stages. Considering the time elapsed since the acquisition, these claims are being analysed for the purpose
of making an appropriate estimation and valuation to be considered in the final allocation of the PPA within the timeframes provided by
IFRS 3, given that these estimations involve significant judgments that require more time and additional information for their final allocation.
However, based on this preliminary assessment, the final impact of these contingencies, if they occur, is not expected to significantly
affect the Company's financial position, results of operation or liquidity.

NOTE 10 – ADDITIONAL INFORMATION OF FINANCIAL ASSETS AND LIABILITIES

Financial assets and liabilities denominated in foreign currencies

Financial assets and liabilities denominated in
foreign currencies as of June 30, 2025, and December 31, 2024 are the following:

|                 |                                06.30.2025 | 12.31.2024 |
|                 | In equivalent millions of Argentine pesos |            |
| Assets          |                                   464,701 |    409,138 |
| Liabilities     |                                -4,715,823 | -3,024,694 |
| Net Liabilities |                                -4,251,122 | -2,615,556 |

Offsetting of financial