Company: TCMFF
Filing Date: 2025-08-12
Form Type: 6-K
Source: 0001104659-25-076939
Chunk: 37

Company: TELECOM ARGENTINA SA
Filing Date: 2025-08-12
Form: 6-K
Chunk 37
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 revenues amounted to $744,556
million in 1H25 (equivalent to 23.6% of total consolidated services revenues), increasing $161,678 million or 27.7% as compared to 1H24.
The effect generated by the restatement in constant currency as of June 30, 2025, included in internet services revenues amounted to $34,825
million and $221,614 million in 1H25 and 1H24, respectively.

The increase in internet services revenues in Argentina
in 1H25 was mainly due to the consolidation of TMA’s results as of June 30, 2025, which contributed $131,955 million. Excluding
the impact of the consolidation of TMA, the increase was mainly due to the increase of 6.3% in the ARPU and 1.5% in the customer base.

The ARPU for the segment “ICT Services provided in Argentina – Telecom Networks” reached $23,755.4 in 1H25 as compared to $22,354.9 in 1H24. This increase in ARPU is mainly explained by the price increases for this service. The effect generated by the restatement
in constant currency as of June 30, 2025 included in ARPU amounted to $1,216.4 and $8,483.1 as of June 30, 2025, and 2024, respectively.

The customer base for the segment “ICT Services provided in Argentina – Telecom Networks” increased amounting to 4.1 million customers as of June 30, 2025(a 1.5% increase compared to June 30, 2024). The churn rate per month amounted to 1.2% and 1.9% in 1H25 and
1H24, respectively.

ARPU of Internet Services in Argentina -Segment “ICT Services provided in Argentina – Telecom Networks”

A monthly operational measure used in internet services is ARPU, which we calculate by dividing adjusted total service revenues-excluding connection
and rehabilitation fees revenues and others- (divided by six months) by the average number of customers during 1H25. ARPU is not a measure
calculated in accordance with IFRS Accounting Standards and our measure of ARPU may not be calculated in the same manner as similarly
titled measures used by other companies. In particular, certain components of service revenues are excluded from Internet’s ARPU
calcul