Company: TCMFF
Filing Date: 2025-02-28
Form Type: 20-F
Source: 0001104659-25-019133
Chunk: 312

Company: TELECOM ARGENTINA SA
Filing Date: 2025-02-28
Form: 20-F
Item: Item 18
Chunk 312
---
014                                                         
​          ​   ​                                        ​   ​                  ​        ​                     

(1)   Pursuant to the powers delegated by the shareholders of Telecom Argentina at the Ordinary and Extraordinary Shareholders’ Meeting held on April 25, 2024, on November 11, 2024, the Board of Directors resolved to partially reverse the “Voluntary reserve to maintain the Company’s level of capital expenditures and its current solvency level” to distribute as non-cash dividends for $118,854 million.
-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

(2)   Pursuant to the powers delegated by the shareholders of Telecom Argentina at the Ordinary and Extraordinary Shareholders’ Meeting held on April 27, 2023, on May 3, 2023, the Board of Directors resolved to partially reverse the “Voluntary reserve to maintain the Company’s level of capital expenditures and its current solvency level” to distribute as non-cash dividends for $227,443 million.
-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

(3)   Pursuant to the powers delegated by Telecom Argentina’s Ordinary and Extraordinary Shareholders’ Meeting held on April 27, 2022, on June 2, 2022 the Board resolved to partially reverse the “Voluntary reserve to maintain the Company’s level of capital expenditures and its current solvency level” to distribute as non-cash dividends for $ 306,909 milion.
-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Dividends paid to non-controlling interests in subsidiaries 
​
Brief information on cash dividends distributed and paid is provided below:
​
​

 ​     ​          ​          ​           ​            ​          ​             ​              ​            ​              ​               ​              ​           
---------------------------------------------------------------------------------------------------------------------------------------------------------------------
​      ​   ​                 ​   ​                    ​   Distributed amount                               ​   ​                          ​                         ​
​      ​   ​                 ​   ​                    ​   ​                  ​          Current currency   ​   ​                          ​         Dividends paid in
​      ​   Paying            ​   ​                    ​   Currency of the    ​        as of December 31,   ​   ​                          ​          current currency
Year       company               Distribution month       transaction date   2024                              Payment month                  as of December 31, 2024
2024   ​   Núcleo            ​   April, 2024          ​   6,468              ​                     8,535   ​   April, 202