Company: TCMFF
Filing Date: 2025-05-12
Form Type: 6-K
Source: 0001104659-25-047387
Chunk: 6

Company: TELECOM ARGENTINA SA
Filing Date: 2025-05-12
Form: 6-K
Chunk 6
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1Q24).
The effect of the inflation adjustment to the measuring unit as of March 31, 2025, included in the ARPU amounts to P$722 in 1Q25 and P$8,296
in 1Q24.

Additionally, in 1Q25,
TMA’s broadband ARPU (restated in constant currency as of March 31, 2025) reached P$20,940.9 (vs. P$15,795.0 in 1Q24). The effect
of restatement in terms of the current unit of measure as of March 31, 2025, included in ARPU, amounts to P$672.2 and P$6,730.8 for 1Q25
and 1Q24, respectively.

As
of March 31, 2025, Telecom accesses () with a service of 100 Mb or more accounted for 90% of the total subscriber
base (vs. 85% as of March 31, 2024).

Cable TV Services

Consolidated cable
TV service revenues amounted to P$172,674 million in 1Q25 (+P$14,524 million or +9.2% vs. 1Q24). The number of TV subscribers for Telecom,
and including Uruguay and Paraguay, reached 3.4 million (+21 thousand or +0.6% vs. 1Q24). TMA’s TV subscribers
totaled 0.4 million (-10 thousand or -2.3% vs. 1Q24).

Telecom’s cable
TV service revenues ( increased by +3.9% in real terms during 1Q25 vs. 1Q24, while TMA’s standalone cable TV
service revenues increased +48.5% during the same period.

Telecom’s subscriber
base in Argentina reached 3.1 million accesses as of March 31, 2025, reflecting an increase of +0.7% compared to
1Q24, driven by the Flow Full and Flow Flex products, with the latter being fully digital (no set-top box or installation required). Of
this customer base, 1.6 million are subscribed to Flow, and the number of Premium subscriptions as of 1Q25 reached 1.2 million, decreasing
-1.1% compared to 1Q24.

Telecom’s monthly
TV ARPU (restated in constant currency as of March 31