Company: TCMFF
Filing Date: 2025-11-10
Form Type: 6-K
Source: 0001104659-25-108893
Chunk: 1

Company: TELECOM ARGENTINA SA
Filing Date: 2025-11-10
Form: 6-K
Chunk 1
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excluding rights of use) represented 15.1% of consolidated revenues in 9M25. |

| · | Consolidated                                                                         
 Net Financial Debt totaled P$4,433,988 million as of September 30, 2025, increasing  
 in real terms (+44.3% in constant currency vs. December 31, 2024). This increase was 
 mainly driven by the financing obtained for the acquisition of TMA.                  |

| (1) | Market                                
 capitalization as of November 7, 2025 |

| (2) | Unaudited                 
 non-financial information |

| (3) | This                                                                               
 refers to the exclusion of the consolidated results from the segment “ICT Services 
 Provided in Argentina – TMA Networks,” as presented in Table 3. The same criterion 
 will apply going forward to any results labeled as “Telecom (excluding TMA).”      |

| TELECOM ARGENTINA | 1 |

* Figures may not add up due to rounding.
** In constant currency – includes additions from rights of use as of September 30, 2025 for P$140,390 million and as of September 30, 2024 for P$218,871 million.
*** Telecom figures include IP telephony lines, which totaled approximately 2.15 million and 1.78 million as of September 30, 2025 and September 30, 2024, respectively. TMA figures include IP telephony lines, which totaled approximately 1.54 million and 1.39 million as of September 30, 2025 and September 30, 2024, respectively.

****ARPUs in constant currency as of September 30, 2025, were calculated by applying the corresponding average inflation index to the historical ARPU of each segment.

| 1-                         
 Consolidated Revenues      
 (in                        
 millions P$)               |     | 3-                                        
 Operating Income before D, A & I (EBITDA) 
 (in                                       
 millions P$)                              |
| 2-                         
 Quarterly Service Revenues 
 (in                        
 millions P$)               |     | 4-                                        
 Net Income (Loss)                         
 (in                                       
 millions P$)                              |

| TELECOM ARGENTINA | 2 |

Buenos Aires, November 10, 2025 - Telecom Argentina S.A. (“Telecom Argentina”, “Telecom” or the “Company”) - (NYSE: TEO; BY