Company: TCMFF
Filing Date: 2025-05-13
Form Type: 6-K
Source: 0001104659-25-047837
Chunk: 22

Company: TELECOM ARGENTINA SA
Filing Date: 2025-05-13
Form: 6-K
Chunk 22
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008 |
| Other related parties |     | Editing and distribution of magazines |     |            -833 |     |  -1,297 |
| Other related parties |     | Advisory services                     |     |          -2,371 |     |  -1,304 |
| Other related parties |     | Advertising purchases                 |     |            -237 |     |    -214 |
| Other related parties |     | Other purchases and commissions       |     |          -3,525 |     |  -1,179 |
|                       |     |                                       |     |         -17,295 |     | -13,002 |

The transactions discussed above were made on an
arm length transaction basis. When Telecom’s transactions represented more than 1% of its total shareholders’ equity, they
were approved according to Law No, 26,831, the Bylaws and the Executive Committees’ Faculties and Performance Regulation.

NOTE 16 – RECENT DEVELOPMENTS CORRESPONDING TO THE THREE-MONTH PERIOD ENDED MARCH 31, 2025

Business combination: “Acquisition of TMA”

On February 24, 2025 (the “Acquisition Date”),
the Company acquired 86,460,983,849 common shares of TMA, representing 99.999625% of its capital stock, acquiring control. TMA is a company
incorporated in the Republic of Argentina, providing mobile and fixed telephony, fixed broadband, and video services on a national scale
in Argentina.

The purpose of the acquisition was to enhance the
quality of existing services and to expand the coverage and capacity of both mobile and fixed networks.

The contractual purchase price for this transaction
was US$1,245 million ($1,370,063 million in current currency as of March 31, 2025), which was settled in the following manner: (a) by
assuming a debt owed by the seller to TMA in the amount of US$126 million ($138,559 million in current currency as of March 31, 2025);
and (b) as consideration transferred (“consideration paid”), pursuant to IFRS 3, the remaining balance of US$1,119 million
($1,231,504 million in current currency as of March 31, 2025), which was paid in cash using funds obtained from two loans (See Note 7).

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TELECOM ARGENTINA S