Company: TCMFF
Filing Date: 2025-05-13
Form Type: 6-K
Source: 0001104659-25-047837
Chunk: 10

Company: TELECOM ARGENTINA SA
Filing Date: 2025-05-13
Form: 6-K
Chunk 10
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 Argentina – TMA Network”     |          1,309,948 |                n/a |
| Fixed and intangible assets corresponding to the segment “Other segments”                                       |            419,232 |            432,310 |
| Borrowings corresponding to the segment “ICT Services provided in Argentina – Telecom Network”                  |          4,086,991 |          3,073,392 |
| Borrowings corresponding to the segment “ICT Services provided in Argentina – TMA Network”                      |                  1 |                n/a |
| Borrowings corresponding to the segment “Other segments”                                                        |             33,726 |             51,231 |

| c) | Net earnings per share |

Basic earnings per share is calculated by dividing
the net income attributable to the Controlling Company by the weighted average number of ordinary shares outstanding during the period.
On the other hand, diluted earnings per share is computed by dividing the net income attributable to the Controlling Company for the period
by the weighted average number of common shares issued and to be potentially issued at the end of the period. Since the Company has no
dilutive potential common stock outstanding, basic and dilutive earnings per share amounts do not differ.

For the three-month period ended March 31, 2025,
and 2024, the weighted average number of shares outstanding amounted to 2,153,688,011.

| d) | Financial reporting in hyperinflationary 
 economies                                |

Since Argentina has been considered a high-inflation
economy for accounting purposes in accordance with IAS 29 since July 1, 2018, the financial information expressed in Argentine pesos is
restated in current currency of March 31, 2025.

The table below shows the evolution of the indexes
as of March 31, 2025, and 2024 and December 31, 2024 according to official statistics (INDEC) in accordance with Resolution No. 539/18
of the FACPCE and the devaluation of the Argentine peso vs. de US dollar for the same years / periods:

| National Consumer Price Index (National CPI) (December 2016=100) | As of March 
    31, 2024 
     5,357.1 |        As of 
 December 31, 
         2024 
      7,694.0 | As of March 
    31, 2025 
     8,353.3 |
|