Company: TCMFF
Filing Date: 2025-11-10
Form Type: 6-K
Source: 0001104659-25-108893
Chunk: 5

Company: TELECOM ARGENTINA SA
Filing Date: 2025-11-10
Form: 6-K
Chunk 5
---
 9M25. The monthly churn
for internet services stood at 1.2% and 1.6% as of September 30, 2025 and 2024, respectively.

The revenue increase was mainly
driven by the consolidation of TMA’s results in 9M25, which totaled P$249,910 million. Excluding the impact of TMA’s consolidation,
Telecom registered a 3.1% increase, primarily due to higher ARPU and subscriber growth.

TMA’s subscriber base reached
1.6 million subscribers (+92 thousand or +6.0% vs. 9M24) during 9M25. The average monthly churn for internet services as of September 30,
2025 stood at 1.9% (vs. 1.9% in 9M24).

In 9M25, Telecom’s broadband
ARPU (restated in constant currency as of September 30, 2025) reached P$25,041.5 (+1.9% in real terms vs.
9M24). The effect generated by the restatement in terms of the current measurement unit as of September 30, 2025, included in ARPU
amounts to P$1,656.4 and P$8,895.5 for 9M25 and 9M24, respectively.

Additionally, in 9M25, TMA’s
broadband ARPU (restated in constant currency as of September 30, 2025) reached P$22,805.0 (+10.3% in real terms vs. 9M24). The effect
generated by the restatement in terms of the current measurement unit as of September 30, 2025, included in ARPU amounts to P$1,720.7
and P$7,628.4 for 9M25 and 9M24, respectively.

As of September 30, 2025,
accesses with speeds of 100 Mbps or higher represented 97% of the total subscriber base (vs. 87% as of September 30, 2024).

Cable TV Services

revenues from
cable television services reached P$631,457 million in 9M25 (+P$86,302 million or +15.8% compared to 9M24). The number of TV subscribers
for Telecom , including Uruguay and Paraguay, reached 3.4 million (+32