Company: TCMFF
Filing Date: 2025-03-05
Form Type: 6-K
Source: 0001104659-25-020826
Chunk: 11

Company: TELECOM ARGENTINA SA
Filing Date: 2025-03-05
Form: 6-K
Chunk 11
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 Audit Committee’s activities of annual               
 oversight and evaluation of Independent Auditors, whose essential objective is to achieve          
 reliability in the financial information that the Company provides to control entities, investors, 
 and markets.                                                                                       |

| · | The                                                                                        
 profile of PwC as a firm of local and international recognized prestige, with a vast and   
 outstanding professional record, and with procedures that meet stringent levels of quality 
 and independence at its audited companies.                                                 |

| · | The                                                                                         
 firm’s sound knowledge of the business of Telecom Argentina S.A., and of its administrative 
 systems and control structure.                                                              |

Therefore, the Audit Committee, based on the background of the proposed firm, its performance in previous years and the abovementioned considerations, UNANIMOUSLY resolves to submit to the Board of Directors a favorable opinion on the proposal to appoint PwC as Independent External Auditors for the fiscal year 2025.

| IV. | AUDIT COMMITTEE EXPENSES –  
 2024 REPORT AND 2025 BUDGET |

The Board of Directors has also requested the Audit Committee to report the amount of expenses incurred in its operation, functioning and training activities during the fiscal year 2024. Said total expenses have amounted to AR$44,187,993.00,of an originally approved budget of AR$127,958,619.00.

The Audit Committee was also asked to provide a forecast of the resources estimated to perform its duties during the fiscal year 2025, so as to request the General Meeting to approve the corresponding budget.

On this topic, Mr. Cazzasa submits a report on the expenses incurred by the Committee during the fiscal year 2024 and budgetary period. The Committee members review the different items of the report.

Continuing with discussions concerning the budget, in view of the activities performed during the previous fiscal year, the regulatory training and advisory needs estimated for the current year, the hiring of adequate services required for the effective performance of its duties and responsibilities, and the advisability of maintaining an adequate financial autonomy, as well as the general evolution of costs, the members of the Audit Committee conclude UNANIMOUSLY on the convenience to request the Shareholders’ Meeting to approve an operating budget of AR$188,131,000.00for the fiscal year 2025. Said amount is consistent with the amounts budgeted using the currency of August 2024, adjusted by inflation as estimated by Telecom, at the currency of each of the months in which the expenditure is