Company: TCMFF
Filing Date: 2025-08-12
Form Type: 6-K
Source: 0001104659-25-076939
Chunk: 27

Company: TELECOM ARGENTINA SA
Filing Date: 2025-08-12
Form: 6-K
Chunk 27
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financial statements, the Company has duly submitted the required filings in connection with the acquisition of TMA and has initiated
the necessary proceedings before CNDC and ENACOM in order to obtain, respectively, the approval of the Argentine Secretariat of Industry
and Trade (or any successor authority acting as the enforcement authority of Law No. 27,442) for the economic concentration resulting
from the acquisition of TMA, and the approval of ENACOM for the change of control. The filing with CNDC was made on March 3, 2025, and
the filing with ENACOM was made on March 7, 2025, in both cases in accordance with the applicable regulatory framework.

<div align='center'>F-31

TELECOM ARGENTINA S.A.</div>

Both administrative proceedings are currently pending.
On March 21, 2025, a Resolution has been issued by the Secretariat of Industry and Trade, whereby it ordered, as a provisional measure
pursuant to Article 44 of Law No. 27,442, that, for a period of six months or until the Secretariat of Industry and Trade issues a decision
regarding the approval, approval subject to conditions, or denial of the authorization of the transaction pursuant to Article 14 of such
law, whichever occurs first, the Company must refrain from carrying out any legal, corporate and/or commercial acts that would directly
or indirectly result in the integration or consolidation of TMA’s business with that of the Company. This includes any initiative
aimed at unifying or integrating the personnel of TMA and the Company, as well as any exchange of competitively sensitive information
with TMA, such as pricing and pricing strategies, costs and margins, business plans and commercial strategies, customer and supplier information,
investment plans, among others. The Company must also comply with the reciprocal infrastructure sharing agreements entered into by the
Company and TMA prior to the acquisition. The Resolution does not alter the manner in which the Company and TMA operate, since the Acquisition
Date, as they continue to be companies that conduct their business independently, and each has its own Board of Directors and management.

On April 6, 2025, the Company appealed this resolution
before the Secretary of Industry and Commerce and the CNDC. The Company has also appealed the note of the Secretary of Industry and Commerce
dated March 27, 2025, addressed to the CNDC, through which a monitoring agent of the Company and TMA