Company: TCMFF
Filing Date: 2025-02-28
Form Type: 20-F
Source: 0001104659-25-019133
Chunk: 180

Company: TELECOM ARGENTINA SA
Filing Date: 2025-02-28
Form: 20-F
Item: Item 6
Chunk 180
---
 to increase salaries in Argentine Pesos as a response to high inflation rates in Argentina. Wage negotiations were conducted in a cooperative environment, and we were the object of just one strike and a few direct action measures, both of which took place during salary negotiations. Collective bargaining agreements were executed with the Argentine Association of Cable Television for the employees represented by SATSAID and SALCo, and directly with the Trade Union Unity that groups the different telephone trade unions (FATEL, FOEESITRA, FOPPSTA, CEPETEL), UPJET and press worker unions.
As of December 31, 2024, the total number of Telecom employees was 19,987, as compared to 21,262 employees as of December 31, 2023, and 21,729 employees as of December 31, 2022. As of December 31, 2024, 19,380 employees were located in Argentina, 456 employees were located in Paraguay, 148 employees were located in Uruguay, two employees were located in the United States and one employee was located in Chile. As of December 31, 2023, 20,663 employees were located in Argentina, 448 employees were located in Paraguay, 149 employees were located in Uruguay and two employees were located in the United States. As of December 31, 2022, 21,131 employees were located in Argentina, 441 employees were located in Paraguay, 155 employees were located in Uruguay and two employees were located in the United States.
Share Ownership
Share Ownership by directors, executive officers, and Supervisory Committee members
Capital stock of Telecom Argentina held by members of the Board of Directors and Supervisory Committee is as follows:

●   Alejandro A. Urricelqui: 113,814 Class B Shares and 69,200 ADRs;
--------------------------------------------------------------------

●   Mariano M. Ibáñez: 4,370 ADRs;
----------------------------------

●   Baruki L.A. González: 188,500 Class B Shares; and
-----------------------------------------------------

●   Pablo G. San Martín: 740 Class B Shares.
--------------------------------------------
Capital stock of Telecom Argentina held by the senior management is as follows:

●   Mr. Roberto Nóbile: 11,000 Class B Shares;
----------------------------------------------

●   Mr. Gabriel Blasi: 3,500 ADRs;
----------------------------------

●   Mr. Fernando Cravero: 7,401 Class