Company: TCMFF
Filing Date: 2025-02-28
Form Type: 20-F
Source: 0001104659-25-019133
Chunk: 137

Company: TELECOM ARGENTINA SA
Filing Date: 2025-02-28
Form: 20-F
Item: Item 5
Chunk 137
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2024, included in Employee benefit expenses and severance payments amounted to P$831,431 million and P$1,101,521 million in 2023 and 2022, respectively.
Interconnection and transmission costs
Interconnection and transmission costs (including charges for TLRD, Roaming and cost of international outbound calls and lease of circuits) decreased P$19,891 million, amounting to P$132,385 million in 2023 as compared to P$152,276 million in 2022, respectively. The decrease was mainly due to new dynamics of the business that imply an optimization of links and sites and partially offset by increases in the foreign exchange rate in relation to fixed services denominated in U.S. dollars, which have accelerated since August 2023.
The effect generated by the restatement in current currency as of December 31, 2024, included in Interconnection and transmission costs amounted to P$98,496 million and P$135,657 million in 2023 and 2022, respectively.
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PART I - ITEM 5 OPERATING AND FINANCIAL REVIEW AND PROSPECTS   TELECOM ARGENTINA S.A.
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Fees for services, maintenance, materials and supplies
Fees for services, maintenance, materials and supplies decreased P$36,458 million, or 6.1%, amounting to P$563,391 million in 2023 as compared to P$599,849 million in 2022. The variation is mainly explained by the efficiency and management of resources through which maintenance and material costs decreased by P$21,090 compared to 2022 and lower costs of call center fees and other fees for services for P$15,368 compared to 2022.
The effect generated by the restatement in current currency as of December 31, 2024, included in Fees for services, maintenance, materials and supplies amounted to P$423,183 million and P$535,818 million in 2023 and 2022, respectively.
Taxes and fees with the Regulatory Authority
Taxes and fees with the Regulatory Authority, including turnover tax, municipal taxes and other taxes, decreased P$35,214 million or 9.3%, amounting to P$344,478 million in 2023 as compared to P$379,692 million in 2022. The variation was mainly due to the decrease in sales in 2023. Taxes and fees with the Regulatory Authority represent