Company: TCMFF
Filing Date: 2025-05-19
Form Type: 6-K
Source: 0001104659-25-050264
Chunk: 24

Company: TELECOM ARGENTINA SA
Filing Date: 2025-05-19
Form: 6-K
Chunk 24
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 |     |              |   3.4 |   |     |              | (35,392 | ) |
| Operating costs (without depreciation, amortization and impairment losses) |     |              | (2,248,275 | ) |     |      | (2,498,275 | ) |     |              | (10.0 | ) |     |              | 250,000 |   |

Total operating costs (without
depreciation, amortization and impairment losses) decreased P$250,000 million or 10% in 2024, amounting to P$2,248,275 million, as compared
to 2023.

Despite being in a context
in which year-on-year inflation was 117.8%, TMA has managed to make its operating costs more efficient and achieve a cost reduction.

The effect generated by the
restatement in current currency as of December 31, 2024, included in operating costs (without depreciation, amortization and impairment
losses) amounted to P$473,876 million and P$1,897,552 million in 2024 and 2023, respectively.

Supplies

Supplies decreased P$115,349
million to P$497,576 million in 2024 as compared to P$612,925 million in 2023, mainly due to (i) a decrease in the cost of goods
sold compared to the previous year due to the reduction in the volume of handsets sold, (ii) a decrease in telephone service and
access charges, (iii) a decrease in other supplies and (iv) a decrease in rent and expenses.

The effect generated by the
restatement in current currency as of December 31, 2024, included in supplies costs amounted to P$108,069 million and P$491,782 million
in 2024 and 2023, respectively.

Employee benefit expenses and severance payments

Employee benefit expenses and severance payments decreased P$173,201 million to P$607,062 million in 2024, as compared to P$780,263 million in 2023. The decrease was mainly due to headcount reduction throughvoluntary exit programs and organizational simplification plans
implemented in 2022, which continued throughout 2023 and 2024. This decrease was partially offset by increases in salaries agreed by TMA
with several trade unions for unionized employees, and for non-unionized employees, together with related social