Company: TCMFF
Filing Date: 2025-08-12
Form Type: 6-K
Source: 0001104659-25-076939
Chunk: 43

Company: TELECOM ARGENTINA SA
Filing Date: 2025-08-12
Form: 6-K
Chunk 43
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 parties’ mobile networks, roaming and cost of international outbound calls and lease of circuits)amounted to $94,450 million in 1H25, increasing
$20,065 million or 27.0% compared to 1H24.
The increase was mainly due to the consolidation of TMA’s results as of June 30, 2025, which contributed $52,568
million. Excluding the impact of the consolidation of TMA, the decrease was mainly due to the new dynamics of the business that imply
an optimization of links and sites and lower levels of interconnection traffic. Additionally, the increase in costs due to the rise in
the exchange rate for services denominated in US dollars was lower than the accumulated inflation over the past twelve months of 39.4%.

The effect generated by the restatement in constant currency as of June 30, 2025, included in Interconnection and transmission costs amounted to $4,815
million and $29,447 million in 1H25 and 1H24, respectively.

Fees for services, maintenance, materials and supplies

Fees for services, maintenance, materials and suppliesamounted to $425,083 million in 1H25, increasing
$105,849 million or 33.2% compared to 1H24.
The consolidation of TMA’s results as of June 30, 2025, contributed $121,613 million.
Excluding the impact of the consolidation of TMA, the decrease was mainly due to lower cost of maintenance, materials and supplies for
$9,791 million and lower service fees for $6,158 million as compared to 1H24.

The effect generated by the restatement in constant currency as of June 30, 2025, included Fees for services, maintenance, materials and supplies amounted to $32,149 million and $138,280 million
in 1H25 and 1H24, respectively.

Taxes and fees with the Regulatory Authority

Taxes and fees with the Regulatory Authority, including turnover tax, municipal taxes and other taxes,amounted to $289,138
million in 1H25, increasing $108,836 million or 60.4
% compared to 1H24. Taxes and fees with the Regulatory Authority represent 8.6% and 7.8%
of revenues in 1H25 and 1H24, respectively. The increase was mainly due to the consolidation of TMA’s results