Company: TCMFF
Filing Date: 2025-05-19
Form Type: 6-K
Source: 0001104659-25-050264
Chunk: 22

Company: TELECOM ARGENTINA SA
Filing Date: 2025-05-19
Form: 6-K
Chunk 22
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120,497 |     |     | 183,332 |
| Average number of customers during the year 
 (millions)                                  |     |                         |     2.2 |     |     |     2.3 |

Movistar TV

Movistar TV revenues in 2024
amounted to P$56,296 million, an increase of P$1,287 million or 2.3% as compared to 2023). The effect generated by the restatement in
current currency as of December 31, 2024, included in Movistar TV revenues amounted to P$9,067 million and P$41,067 million in 2024
and 2023, respectively.

ARPU of Movistar TV reached
P$11,058.8 in 2024 as compared to P$13,140.9 in 2023. This decrease in ARPU is mainly due to the change in commercial offers made to customers.
The effect generated by the restatement in current currency as of December 31, 2024, included in ARPU amounted to P$1,781.3 and P$9,810.3
as of December 31, 2024 and 2023, respectively.

The customer base increment
is the result of TMA’s efforts regarding the deployment of the FTTH network.

ARPU of Movistar TV

The following table shows
the Movistar TV ARPU calculations of 2024 and 2023:

|                                             |     | Year ended December 31, |   2024 |     |     |   2023 |
|:--------------------------------------------|:----|:------------------------|-------:|:----|:----|-------:|
|                                             |     | -P$ millions            |        |     |     |        |
| Total Movistar TV revenues                  |     |                         | 56,296 |     |     | 55,009 |
| Average number of customers during the year 
 (millions)                                  |     |                         |    0.4 |     |     |    0.3 |

Handset Sales

Revenues generated by handset
sales amounted to P$296,210 million in 2024 (representing 11.8% of TMA revenues), decreasing P$100,503 million as compared to P$396,713
million in 2023. The decrease was mainly due to a decrease in the sale of handsets compared to