Company: TCMFF
Filing Date: 2025-11-12
Form Type: 6-K
Source: 0001104659-25-110392
Chunk: 6

Company: TELECOM ARGENTINA SA
Filing Date: 2025-11-12
Form: 6-K
Chunk 6
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), the Company identified a new reportable segment, “ICT Services provided in Argentina – TMA Networks” corresponding to the provision of mobile and fixed telephony services, fixed broadband, and video services on a nationwide scale in Argentina, using its own networks, with its own infrastructure. The subsidiary TMA is managed as a separate business unit, and therefore, the Executive Committee and the CEO review its economic and financial information (stated in historic currency at the transaction date) separately.

Additionally, Telecom, through Micro Sistemas, develops activities in the fintech industry in Argentina. Telecom also carries out activities abroad (Paraguay, USA, Uruguay and Chile).

The operations that Telecom develops through Micro Sistemas, and those developed abroad, are not analyzed as a separate segment by the Executive Committee and the CEO, considering that they are not considered as individually significant. These operations do not meet the aggregation criteria established by the standard to be grouped within the "ICT Services provided in Argentina– Telecom Networks" segment and considering that they do not exceed any of the quantitative thresholds identified in the standard to qualify as reportable segments, they are grouped within the category "Other segments".

The Executive Committee and the CEO continue to monitor these businesses to evaluate the way its performance is reviewed and, eventually, its consideration as a separate reportable segment provided it complies with the requirements established by IFRS Accounting Standards to that effect.

As a result, segments as of September 30, 2025, are the following:

| - | ICT                                                                                          
 Services provided in Argentina – Telecom Networks: Corresponds to the operations carried     
 out by the Company and its subsidiaries located in Argentina (excluding TMA) engaged in the  
 provision of ICT services.                                                                   |
| - | ICT                                                                                          
 Services provided in Argentina – TMA Networks: Corresponds to the operations carried         
 out by the subsidiary TMA as from the acquisition date.                                      |
| - | Other                                                                                        
 segments: Corresponds to the operations for a) ICT services provided aboard (Paraguay, USA,  
 Uruguay and Chile) and b) the development of activities in the fintech industry, through     
 the subsidiaries Micro Sistemas and Personal Envíos in Argentina and Paraguay, respectively. |

The Executive Committee and the CEO evaluate the profitability for each reportable segment based on the measure of the Adjusted EBITDA. Adjusted EBITDA is defined as our net (loss) income less income tax, financial results, earnings (losses) from associates and joint ventures, and depreciation,