Company: TCMFF
Filing Date: 2025-02-28
Form Type: 20-F
Source: 0001104659-25-019133
Chunk: 94

Company: TELECOM ARGENTINA SA
Filing Date: 2025-02-28
Form: 20-F
Item: Item 4
Chunk 94
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 524,940   ​    ​          621,137   ​    ​    814,236
Licenses                                                                               ​   ​        489   ​    ​          378,930   ​    ​      9,142
Incremental Cost from the acquisitions of contracts                                    ​   ​      9,130   ​    ​           11,563   ​    ​     22,534
Other                                                                                  ​   ​     34,792   ​    ​           40,598   ​    ​     10,355
Subtotal intangible capital expenditures                                               ​   ​     44,411   ​    ​          431,091   ​    ​     42,031
Total capital expenditures in PP&amp;E and intangible assets                           ​   ​    569,351   ​    ​        1,052,228   ​    ​    856,267
Right of use assets                                                                    ​   ​    237,298   ​    ​          186,447   ​    ​    142,387
Total capital expenditures in PP&amp;E and intangible assets and Right of use assets   ​   ​    806,649   ​    ​        1,238,675   ​    ​    998,654
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PART I - ITEM 4 INFORMATION ON THE COMPANY   TELECOM ARGENTINA S.A.
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Our capital expenditures were P$806,649 million in 2024, P$1,238,675 million in 2023 and P$998,654 million in 2022, and represented 19.5%, 27.6% and 20.2% of our consolidated revenues, respectively. We estimate that our capital expenditures in 2025 will be approximately P$946,963 million, without considering the Telefónica Móviles acquisition described under “Item 4—Information on the Company—Recent Developments—Acquisition of Telefónica Móviles.” See “Item 5—Operating and Financial Review and Prospects—Liquidity and Capital Resources—Capital Expenditures”.
We expect to finance these expenditures through cash flows generated by our operations and financing provided by third parties.
PP&E
As detailed below, our principal physical properties consist of transmission equipment, access facilities, outside plant (external wiring) and switching equipment. These assets are, at present, mainly located throughout AMBA and the Northern Region.