Company: TCMFF
Filing Date: 2025-05-12
Form Type: 6-K
Source: 0001104659-25-047387
Chunk: 2

Company: TELECOM ARGENTINA SA
Filing Date: 2025-05-12
Form: 6-K
Chunk 2
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 the exclusion of                                                                                      
 the consolidated results from the segment “ICT Services Provided in Argentina – TMA Networks,” as presented in Table 
 3. The same criterion will apply going forward to any results labeled as “Telecom (excluding TMA).”                  |

| TELECOM ARGENTINA | 1 |

*(Figures may not add up due to rounding)

** (in constant currency - includes right-of-use assets for P$43,688 million as of March 31, 2025, and for P$63,626 million as of March 31, 2024)

| 1-                    
 Consolidated Revenues 
 (in million P$)       | 3- Operating Income      
 before D, A & I (EBITDA) 
 (in million P$)          |
| 2- Quarterly Service  
 Revenues              
 (in million P$)       | 4- Net Income            
 (Loss)                   
 (in million P$)          |

| TELECOM ARGENTINA | 2 |

Buenos Aires, May 12, 2025 - Telecom Argentina S.A. (“Telecom Argentina”, “Telecom” or the “Company”)
- (NYSE: TEO; BYMA: TECO2), announced today a Net Income of P$93,202 million for the period ended March 31, 2025, the result was primarily
explained by an increase in operating income and by foreign exchange gains in real terms included in Financial Results. Net Income attributable
to the Controlling Shareholder amounted to P$89,060 million.

Comparative figures
for the previous fiscal year have been restated by inflation so that the resulting information is presented in terms of the current measurement
unit as of March 31, 2025.

The following table
shows the evolution of the national consumer price index (National CPI - according to INDEC’s official statistics) as of December
31, 2024, and as of March 31, 2024, and 2025:

|                                     | As of March 31, 
 2024            | As of December 31, 
 2024               | As of March 31, 
 2025            |
|:------------------------------------|:----------------|:-------------------|:----------------|
| Annual                              | 287.9%          | 117.8%             | 55.9%           |
| 3-month cumulative (since December) | 51.6%