Company: TCMFF
Filing Date: 2025-08-12
Form Type: 6-K
Source: 0001104659-25-076939
Chunk: 35

Company: TELECOM ARGENTINA SA
Filing Date: 2025-08-12
Form: 6-K
Chunk 35
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 Telecom Networks” amounted to $7,444.0
in 1H25 (compared to $6,613.4 in 1H24). The increase in ARPU is due to higher prices and
less discounts granted during 1H25. The effect generated by the restatement in current currency as of June 30, 2025, included in ARPU
amounted to $375.3 and $2,514.6 in 1H25 and 1H24, respectively.

Our mobile customers for the segment “ICT
Services provided in Argentina – Telecom Networks” amounted to 20.9 million and 21.2 million as of June 30, 2025, and 2024,
respectively. Out of the total mobile customers as of June 30, 2025, 61% were prepaid customers
and 39% were postpaid customers, whereas as of June 30, 2024, 62% were prepaid customers
and 38% were postpaid customers. We observed a change in customer behavior, resulting in a decrease in prepaid services customers of 2.8%
and an increase of 1.1% in the postpaid services customers as of June 30, 2025. Additionally,
the average churn rate per month amounted to 2.1% in 1H25 (compared to a 1.6% average in
1H24).

ARPU of Mobile Services in Argentina - Segment “ICT Services provided in Argentina – Telecom Networks”

A monthly operational measure used in the mobile services is ARPU, which we calculate by dividing adjusted total service revenues—excluding out
collect wholesale roaming, cell site rental and reconnection fees revenues and others (divided by six months) by the average number of
customers during 1H25. ARPU is not a measure calculated in accordance with IFRS Accounting Standards and our measure of ARPU may not be
calculated in the same manner as similarly titled measures used by other companies. In particular, certain components of service revenues
are excluded from Argentina’s ARPU calculations presented in this Operating and Financial Review and Prospects as of June 30, 2025.
Management believes that this measure is helpful in assessing the development of the subscriber base of mobile services. The following
table shows the reconciliation of total service revenues to such revenues included in the ARPU calculations of 1H25:

|                                                                                                                                                                |     |      1H25 |
|