Company: TCMFF
Filing Date: 2025-02-28
Form Type: 20-F
Source: 0001104659-25-019133
Chunk: 309

Company: TELECOM ARGENTINA SA
Filing Date: 2025-02-28
Form: 20-F
Item: Item 18
Chunk 309
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51,878
Total investments                                                                                                                              47,193                                                                                         321,837

(a)   Information on Investments in associates and joint ventures is detailed below:
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Financial position information:
​

         ​             ​         ​         ​                    ​                    ​       ​       ​            ​           ​         ​         ​         ​      
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​                          ​                   ​                                         ​                Percentage              ​                   ​            
​                      ​   ​               ​   ​                                     ​   ​           ​    (direct and         ​   ​               ​   ​            
​                      ​   ​               ​   ​                                     ​   ​           ​    indirect) of        ​   ​               ​   ​            
​                      ​   ​               ​   ​                                     ​   ​           ​    capital stock       ​   ​               ​   ​            
​                      ​   Nature of       ​   ​                                     ​   ​           ​    owned and           ​   Valuation as    ​   Valuation as 
Companies              ​   relationship    ​   Main activity                         ​   Country     ​    voting rights (%)   ​   of 12.31.2024   ​   of 12.31.2023
Ver TV (1) (3)         ​   Associate       ​   Community Closed-circuit television   ​   Argentina   ​    —                   ​   —               ​   22,850       
TSMA (1) (2) (3)       ​   Associate           Community Closed-circuit television       Argentina        —                       —                   8,343        
La Capital Cable (1)   ​   Associate           Closed-circuit television                 Argentina   50.00                        4,711               4,898        
OPH (1) (4) (5)        ​   Joint venture   ​   Holding                               ​   USA         ​    50.00               ​   8,897           ​   15,786       
Total                  ​   ​                                                                                                      13,608              51,877       
​

F-

TELECOM ARGENTINA S.A.

Earnings (loss) information:
​

                       ​                          ​       ​        ​        ​       ​       ​  
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​                                                 ​                    Years ended December 31,
​                                                 2024            2023             2022        
Ver TV                                            ​     (7,182)   ​      (3,859)   ​      2,800
TSMA                                                      (156)          (1,