Company: TCMFF
Filing Date: 2025-08-11
Form Type: 6-K
Source: 0001104659-25-076236
Chunk: 4

Company: TELECOM ARGENTINA SA
Filing Date: 2025-08-11
Form: 6-K
Chunk 4
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2.8 million (+287 thousand or +11.6%). The postpaid base increased by 3.1% vs. 1H24, while the prepaid base grew by 1.9%. As of June 30,
2025, postpaid accesses represented 48% of total mobile accesses. TMA’s average monthly churn stood at 1.6% in 1H25 (vs. 2.0% average
in 1H24).

In 1H25,
mobile service revenues in Argentina reached P$1,532,029 million (+P$684,175 million or +80.7% vs. 1H24). This increase was primarily
driven by the consolidation of TMA’s results in 1H25, which totaled P$572,126 million. Excluding the impact of TMA’s consolidation,
the growth was mainly attributable to a 12.6% real increase in ARPU.

The average monthly
revenue per user (“ARPU”) for Telecom was P$7,444.0 in 1H25 (+12.6% in real terms vs. 1H24). The effect
of restatement to the current measuring unit as of June 30, 2025 included in ARPU amounted to P$375.3 and P$2,514.6 in 1H25 and 1H24,
respectively. Average monthly churn stood at 2.1% in 1H25 (vs. 1.6% average in 1H24).

The average monthly
revenue per user (“ARPU”) for TMA was P$7,187.7 in 1H25 (+8.9% in real terms vs. 1H24). The effect of restatement to the current
measuring unit as of June 30, 2025 included in ARPU amounted to P$367.2 and P$2,551.2 in 1H25 and 1H24, respectively.

Personal in Paraguay
(“Núcleo”)

As of June 30, 2025,
Núcleo’s subscriber base totaled 2.7 million, increasing 10.1% compared to 1H24. Of the total accesses, 72% corresponded
to the prepaid segment and 28% to the postpaid segment, whereas as of June 30, 2024, prepaid accesses represented 74% and postpaid