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

Company: TELECOM ARGENTINA SA
Filing Date: 2025-08-12
Form: 6-K
Chunk 25
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MA, representing 99.999625% of its capital stock, acquiring control. TMA is a company
incorporated in the Republic of Argentina, providing mobile and fixed telephony, fixed broadband, and video services on a national scale
in Argentina.

The purpose of the acquisition was to enhance the
quality of existing services and to expand the coverage and capacity of both mobile and fixed networks.

The contractual purchase price for this transaction
was US$1,245 million ($1,452,434 million in current currency as of June 30, 2025), which was settled in the following manner: (a) by assuming
a debt owed by the seller to TMA in the amount of US$126 million ($146,890 million in current currency as of June 30, 2025); and (b) as
consideration transferred (“consideration paid”), pursuant to IFRS 3, the remaining balance of US$1,119 million ($1,305,544
million in current currency as of June 30, 2025), which was paid in cash using funds obtained from two loans (See Note 7).

The assets and liabilities in millions recognized
as a result of the acquisition are as follows:

<div align='center'>F-30

TELECOM ARGENTINA S.A.</div>

|                                       |     | (In current currency at the 
           acquisition date) |     | (In current currency as of 
             June 30, 2025) |
|:--------------------------------------|:----|----------------------------:|:----|---------------------------:|
| Cash and cash equivalents             |     |                     149,678 |     |                    164,589 |
| Investment                            |     |                      88,434 |     |                     97,248 |
| Trade receivables                     |     |                     335,696 |     |                    369,152 |
| Other receivables                     |     |                      69,289 |     |                     76,195 |
| Inventories                           |     |                      61,851 |     |                     68,015 |
| Assets classified as held for sale    |     |                       2,366 |     |                      2,602 |
| Deferred income tax assets            |     |                     313,988 |     |                    343,912 |
| PP&E                                  |     |                     797,587 |     |                    868,422 |
| Intangible assets                     |