Company: TCMFF
Filing Date: 2025-08-12
Form Type: 6-K
Source: 0001104659-25-076939
Chunk: 26

Company: TELECOM ARGENTINA SA
Filing Date: 2025-08-12
Form: 6-K
Chunk 26
---
     |                     311,686 |     |                    342,750 |
| Right of use assets                   |     |                     137,014 |     |                    150,669 |
| Investment properties                 |     |                      52,764 |     |                     58,023 |
| Trade payables                        |     |                    -430,015 |     |                   -462,862 |
| Salaries and social security payables |     |                    -139,583 |     |                   -153,494 |
| Other taxes payables                  |     |                    -193,325 |     |                   -212,592 |
| Leases liabilities                    |     |                    -106,991 |     |                   -117,654 |
| Other liabilities                     |     |                     -45,920 |     |                    -50,485 |
| Provisions                            |     |                    -217,291 |     |                   -238,946 |
| Net identifiable assets acquired      |     |                   1,187,228 |     |                  1,305,544 |

The preliminary fair value of the acquired trade
receivables is $369,152 million in current currency as of June 30, 2025. The gross contractual amount for trade receivables due is $482,537
million, with a loss allowance of $113,385 million recognized on acquisition.

The Company's management conducted a preliminary
assessment of the PPA. It should be noted that this is a preliminary assessment, since the valuation of certain assets and liabilities
involves significant judgments that require additional time and information. Therefore, as of the date of these unaudited condensed consolidated
financial statements, no goodwill has been recognized. Once the PPA determination is completed, within the timeframes provided for by
IFRS 3, any resulting effects will be recognized.

Impact on Operations for the period

The acquired business generated revenues from ordinary
activities in the amount of $968,814 million and net loss in the amount of $13,761 million from the acquisition date to June 30, 2025.
Had the acquisition been conducted as of January 1, 2025, the revenues from ordinary activities and net income contributed by the acquired
business would have amounted to $1,452,096 million and $105,220 million, respectively, (not including the effect of any reciprocal operations
that may exist).

Regulatory Impact of the Acquisition

As of the date of these unaudited condensed consolidated