Company: TCMFF
Filing Date: 2025-08-12
Form Type: 6-K
Source: 0001104659-25-076939
Chunk: 8

Company: TELECOM ARGENTINA SA
Filing Date: 2025-08-12
Form: 6-K
Chunk 8
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 held for collection of contractual cash flows and for selling, where the assets’ cash flows represent solely payments of principal     
 and interest, are measured at fair value through other comprehensive income. Movements in the carrying amount are taken through other  
 comprehensive income, except for the recognition of impairment gains or losses, interest income and foreign exchange gains and losses, 
 which are recognized in profit or loss, within “Other financial results, net”. When the financial asset is derecognized, the           
 cumulative gain or loss previously recognized in other comprehensive income is reclassified from equity to profit or loss,             |

| (ii) | Investment properties, which is recorded initially                                                                                               
 at cost, and then at cost less accumulated depreciation, and comprise primarily land and buildings that are not occupied for its own operations, 
 and the depreciation is calculated on a straight-line basis for the estimated useful life of 50 years, (calculated in accordance with            
 technical studies, periodically reviewed) and                                                                                                    |

| (iii) | termination benefits plans: additionally to what                                                                                             
 is mentioned in Note 3.o) to the annual financial statements as of December 31, 2024, Telecom recognizes costs for a restructuring according 
 to IAS 37 (i.e., it has a detailed formal plan for the restructuring, and it has raised a valid expectation in those affected that it        
 will carry out the restructuring) and when involves the payment of terminations benefits. These termination benefit plans correspond to      
 the TMA subsidiary and are recognized in the line “Salaries and social security payables” in the consolidated statements of                  
 financial position. In addition to the termination benefits plans in effect at the time of the acquisition of TMA, during the six- and       
 three-month periods ending June 30, 2025 this subsidiary recognized a new restructuring plan, which had an impact of $52,314 million on      
 results, recognized as “Employee benefit expenses and severance payments” for the six and three-month periods ended on June                  
 30, 2025. The balance of the mentioned termination plan currently in execution amounted to $18,830 million as of June 30, 2025.              |

These unaudited condensed consolidated financial
statements were prepared including in the consolidation process the following companies:

<div align='center'>F-10

TELECOM ARGENTINA S.A.</div>

| Company             | Main activity                                           | Country   | Telecom         
 Argentina's     
 direct/indirect 
 interest in     
 capital stock   
 and votes