Company: TCMFF
Filing Date: 2025-11-12
Form Type: 6-K
Source: 0001104659-25-110392
Chunk: 38

Company: TELECOM ARGENTINA SA
Filing Date: 2025-11-12
Form: 6-K
Chunk 38
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 months | Between 4.00% and 7.00% | Quarterly basis |
| Bilateral loan  | US$          |           200 |              31 | Between 02/2028 and 02/2030 | Semiannually from 02/2028           | Variable annual rate: SOF 3 months | 4.00%                   | Quarterly basis |

On May 29, 2025 the Company applied proceeds
from Notes Series 24 to: (i) prepay a principal amount equal to US$650 million and interest equal US$0.3 million under the Syndicated
Loan (equivalent to $828,858 million in current currency as of September 30, 2025) and, (ii) prepay a principal amount equal
to US$134 million and interest equal to US$0.1 million under the Bilateral Loan (equivalent to $170,610 million in current currency as
of September 30, 2025). As of September 30, 2025 the outstanding balance of these loans amounts to $215,692 million.

On July 30, 2025, the Company applied the
funds from the reopening of Notes Series 24 to: (i) prepay a principal amount equivalent to US$168.8 million and interest equivalent
to US$2.8 million under the Syndicated Loan (equivalent to $234,604 million in current currency as of September 30, 2025) and, (ii) prepay
an amount of principal equivalent to US$34.8 million and interest equivalent to US$0.6 million under the Bilateral Loan (equivalent to
$47,422 million in current currency as of September 30, 2025).

For further information, see Note 7 to the unaudited
condensed consolidated financial statements.

| · | Cash Flow |

The table below summarizes, for the nine-months
period ended September 30, 2025, and September 30, 2024, Telecom’s consolidated cash flows.

|                                                                      |     |       9M25 |     |     9M24 |     |  Variation |
|                                                                      |     |          $ 
    million |     |          |     |            |
| Cash                                                                 
 flows from operating activities                                      |     |  1,296,377 |     |  631,125 |     |    665,252 |
| Cash