Company: TCMFF
Filing Date: 2025-05-13
Form Type: 6-K
Source: 0001104659-25-047837
Chunk: 37

Company: TELECOM ARGENTINA SA
Filing Date: 2025-05-13
Form: 6-K
Chunk 37
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 as of March 31, 2025 included in employee benefit expenses and severance payments amounted to $7,911 million and $105,605 million
in 3M25 and 3M24, respectively.

Interconnection and transmission costs

Interconnection and transmission costs (including charges for termination from third parties’ mobile networks, roaming and cost of international outbound calls and lease of circuits)amounted to $44,275 million in 3M25, increasing $5,155 million or 13.2% compared to 3M24. The increase
was mainly due to the consolidation of TMA as of March 31, 2025, which contributed $22,427 million. Excluding the impact of the consolidation
of TMA, the decrease was mainly due to the new dynamics of the business that imply an optimization of links and sites and at lower levels
of interconnection traffic, partially offset by increases in the exchange rate in relation to services set in dollars.

The effect generated by the restatement in current
currency as of March 31, 2025 included in Interconnection and transmission costs amounted to $846 million and $16,789 million in 3M25
and 3M24, respectively.

Fees for services, maintenance, materials and supplies

Fees for services, maintenance, materials and suppliesamounted to $172,012 million in 3M25, increasing $16,024 million or 10.3% compared to 3M24.
The consolidation of TMA as of March 31, 2025, contributed $27,308 million. Excluding the impact of the consolidation of TMA, the decrease
was mainly due to lower cost of maintenance, materials and supplies for $7,136 million as compared to 3M24.

The effect generated by the restatement in current
currency as of March 31, 2025 included in Fees for services, maintenance, materials and supplies amounted to $11,515 million and $72,951
million in 3M25 and 3M24, respectively.

Taxes and fees with the Regulatory Authority

Taxes and fees with the Regulatory Authority, including turnover tax, municipal taxes and other taxes,amounted to $113,911 million in 3M25, increasing
$31,736 million or 38.6% compared to 3M24. Taxes and fees with the Regulatory Authority represent 8.4% of revenues in 3M25 and 3