Company: TCMFF
Filing Date: 2025-05-19
Form Type: 6-K
Source: 0001104659-25-050264
Chunk: 87

Company: TELECOM ARGENTINA SA
Filing Date: 2025-05-19
Form: 6-K
Chunk 87
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 concerning the applicable statute of
limitations for matters relating to profit-sharing bonds. The plenary ruling determined that the applicable statute of limitations is
the one set forth in Article 4027, subsection 3, of the Civil Code, i.e., five years, and that this term must be counted from the
date of the company’s general meetings approving balance sheets reflecting profits.

In February 2014, the Court of Appeals on
Civil and Commercial Matters, in the case "Parota v. National State and Telefónica de Argentina S.A.," determined that
the amount of PSB should be calculated on the basis of TASA’s taxable income, defining taxable income as the income subject to income
tax that the company must pay, which generally means gross revenues, including all revenues obtained during the fiscal year (including
contingent or extraordinary income), minus all ordinary and extraordinary expenses accrued during that fiscal year.

In June 2015, the Supreme Court, in the case
entitled "Ramolino v. Telecom Argentina S.A.," ruled that the benefits granted by Article 29 of Law 23,969 do not apply
to employees who joined the licensees after the privatization of ENTel.

Considering the information available to date
and the opinion of the company’s legal counsel regarding the aforementioned premises, TMA has recorded a provision for labor contingencies
of approximately 189 million pesos, representing the best estimate of the amount to be disbursed for failure to issue the PSB.

However, TMA’s Management considers that
the Company is not responsible for the failure to issue the PSB for which it might seek reimbursement from the National Government for
any amounts that it may ultimately be required to pay in connection with these claims.

“Memofácil” and home maintenance services

TASA, a company now merged with TMA, has been
individually sued by different consumer associations, in order to have TASA stop charging for the services called “Memofácil”
(call answering service) and “Home Maintenance”. They argue that the Memofácil service was promoted as free, with no
expiration date, and yet TASA has been charging for the calls made to check messages. Regarding the home maintenance service, the argument
is that this service is not mentioned in the contract with customers. The claim also seeks the reimbursement of the amounts charged to
the customers for these services

TASA's Management believes that there is no legal
basis for the Memofácil claim, as the way