Company: TCMFF
Filing Date: 2025-02-28
Form Type: 20-F
Source: 0001104659-25-019133
Chunk: 54

Company: TELECOM ARGENTINA SA
Filing Date: 2025-02-28
Form: 20-F
Item: Item 4
Chunk 54
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 as the development of payment networks, with the aim of participating in and investing in companies related to financial activities. 
On December 9, 2024, our subsidiary Opalker acquired the company Parklet in Uruguay (with a 100.00% ownership). Parklet’s main activity will be the development and provision of digital platform services.
As of the date of this Annual Report, these companies are dormant entities.
For further information on newly acquired and established subsidiaries, see Note 28 of our Consolidated Financial Statements.
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PART I - ITEM 4 INFORMATION ON THE COMPANY   TELECOM ARGENTINA S.A.
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Significant 2024 Events
Decree No. 690/20 - Amendment to the LAD
On November 17, 2023, the Federal Court on Administrative Litigation Matters No. 8 issued a judgment nullifying Decree No. 690/20 and ENACOM Resolutions Nos. 1,466/20 and 1,467/20. This judgment was subsequently fully upheld on June 19, 2024, by Chamber II of the Court of Appeals on Federal Administrative Matters, which also declared Decree No. 690/20 and the aforementioned ENACOM Resolutions unconstitutional.
Finally, on October 16, 2024, the Federal Administrative Court No. 8 concluded the case and placed it in its records.
Separately, Decree No. 690/20 was repealed by Emergency Decree No. 302/24, published in the Official Gazette on April 9, 2024. Moreover, on June 25, 2024, ENACOM revoked its regulations limiting price increases for internet, mobile telephony, and cable television services through ENACOM Resolution No. 13/24.
For further information, see Note 2 of our Consolidated Financial Statement and “Item 4 — Information on the Company—Regulatory Authorities and Framework— Regulatory Framework— Decree No. 690/20 - Amendment to the LAD - Controversy”.
Financial events
On July 18, 2024, we issued US$500 million aggregate principal amount of 9.500% senior amortizing notes due 2031 (the “2031 Notes”) in a new money offering (the net amount received by the Company was US$492 million). 
On July 26, 2024, and August 9, 2024, we issued US$115.3 million and US