Company: TCMFF
Filing Date: 2025-02-28
Form Type: 20-F
Source: 0001104659-25-019133
Chunk: 365

Company: TELECOM ARGENTINA SA
Filing Date: 2025-02-28
Form: 20-F
Item: Item 18
Chunk 365
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                      (2,706)                       (3,498)
Net identifiable assets acquired                       2,288                         3,092
Less: non-controlling interests                      (1,394)                       (1,883)
Add: goodwill                                         13,689                        18,037
Net assets acquired                                   14,583                        19,246

(1)   PP&amp;E: For the determination of fair values, were used the cost approach (replacement cost new of the identified assets adjusted for physical deterioration, functional and economic obsolescence).
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(2)   Correspond to the Customer relationship, for the determination of fair values, the income approach (discounted cash flow method).
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Revenue and profit contribution
The acquired business contributed revenues of $7,351 million and net income of $3,076 million for the period from May 1, 2024 to December 31, 2024. 
2.2) Transaction non-controlling interest 
On July 17, 2024, Televisión Dirigida exercised the call option to purchase the remaining shares, accounting for 49% of Naperville for US$ 15.8 million. 
Also, on that same day, the Company exercised the call option to purchase 100% of Saturn for US$9.8 million (including US$1.2 million of a premium for the Saturn call option, which the Company retained, to be deducted from said price).
After these acquisitions, Televisión Dirigida holds 100% ownership of Naperville, Saturn, Manda, and RISSAU as of December 31, 2024.
As of December 31, 2024, Televisión Dirigida paid 100% of the amounts established for both acquisitions.
This operation represents a transaction between controlling and non-controlling shareholders in the consolidated financial statements. Therefore, the Company recorded a $1,691 million adjustment to the non-controlling interest balance as of December 31, 2024 and the difference arising from the total purchase price of $24,706 million was recorded in “Other comprehensive income” under Equity attributable to controlling shareholders as of that date, as provided under IFRS 10.
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F-

TELECOM ARGENTINA S.A.

NOTE 29 – SUBSEQUENT EVENTS
On February 24, 2025, the Company acquired 86,460,983,849 ordinary shares of Telefónica Móviles Argentina