Company: TCMFF
Filing Date: 2025-08-12
Form Type: 6-K
Source: 0001104659-25-076939
Chunk: 24

Company: TELECOM ARGENTINA SA
Filing Date: 2025-08-12
Form: 6-K
Chunk 24
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| · | Other Related parties |

|                       |     | Transaction                       |     | Six-month period 
 ended June 30,   |  2025 |     |     |  2024 |
|:----------------------|:----|:----------------------------------|:----|:-----------------|------:|:----|:----|------:|
|                       |     |                                   |     | Profit (loss)    |       |     |     |       |
|                       |     |                                   |     | Revenues         |       |     |     |       |
| Other related parties |     | Services and advertising revenues |     |                  | 3,517 |     |     | 3,428 |
|                       |     |                                   |     |                  | 3,517 |     |     | 3,428 |

|                       |     |                                       |     | Operating costs |         |   |     |         |
| Other related parties |     | Programming costs                     |     |                 | (20,691 | ) |     | -20,544 |
| Other related parties |     | Editing and distribution of magazines |     |                 | (1,834  | ) |     |  -2,575 |
| Other related parties |     | Advisory services                     |     |                 | (5,454  | ) |     |  -3,308 |
| Other related parties |     | Advertising purchases                 |     |                 | (962    | ) |     |    -698 |
| Other related parties |     | Other purchases and commissions       |     |                 | (6,206  | ) |     |  -1,850 |
|                       |     |                                       |     |                 | (35,147 | ) |     | -28,975 |

The transactions discussed above were made on an
arm length transaction basis. When Telecom’s transactions represented more than 1% of its total shareholders’ equity, they
were approved according to Law No. 26,831, the Bylaws and the Executive Committees’ Faculties and Performance Regulation.

NOTE 16 – RECENT DEVELOPMENTS CORRESPONDING TO THE SIX-MONTH PERIOD ENDED JUNE 30, 2025

| a) | Business combination: “Acquisition 
 of TMA”                            |

On February 24, 2025 (the “Acquisition Date”),
the Company acquired 86,460,983,849 common shares of T