Company: TCMFF
Filing Date: 2025-05-13
Form Type: 6-K
Source: 0001104659-25-047837
Chunk: 21

Company: TELECOM ARGENTINA SA
Filing Date: 2025-05-13
Form: 6-K
Chunk 21
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 discounts on assets, debts and others                                    |     |                          |  -5,830 |     |     |      -419 |
| RECPAM                                                                             |     |                          |  34,020 |     |     |    82,175 |
| Total other financial results, net                                                 |     |                          |  15,322 |     |     |   180,130 |
| Total financial results, net                                                       |     |                          | 100,956 |     |     | 1,424,208 |

(*) Includes $1,030 million corresponding to net income generated by
IFD for the three-month period ended March 31, 2024.

(**) Related to Notes issued in UVA.

(***) Include $108 million and $(1,322) million
corresponding to net exchange differences generated by IFD for the three-month periods ended March 31, 2025, and 2024, respectively.

NOTE 15 - BALANCES AND TRANSACTIONS WITH RELATED PARTIES

| a) | Controlling Company |

CVH is the controlling company of Telecom Argentina.

| b) | Balances with Related parties |

| · | Associates and joint venture |

| CURRENT ASSETS    |     |               |     | March 31, |    |     | December 31, |    |
| Trade receivables |     |               |     |      2025 |    |     |         2024 |    |
| OPH               |     | Joint venture |     |           | 49 |     |              | 50 |
|                   |     |               |     |           | 49 |     |              | 50 |

| CURRENT LIABILITIES       |     |               |     | March 31, |       |     | December 31, |       |
| Trade payables            |     |               |     |      2025 |       |     |         2024 |       |
| La Capital Cable          |     | Associate     |     |           |   197 |     |              |   225 |
| OPH                       |     | Joint venture |     |           |   174 |     |              |   517 |
|                           |     |               |     |           |   371 |     |              |   742 |
| Other liabilities         |     |               |     |           |       |     |              |       |
| OPH                       |     | Joint venture |