Company: TCMFF
Filing Date: 2025-08-11
Form Type: 6-K
Source: 0001104659-25-076236
Chunk: 6

Company: TELECOM ARGENTINA SA
Filing Date: 2025-08-11
Form: 6-K
Chunk 6
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6% in real terms vs. 1H24). The
effect of restatement to current measurement units as of June 30, 2025 included in ARPU amounted to P$1,093.8 and P$7,158.8 for 1H25 and
1H24, respectively.

As of June 30, 2025,
accesses with internet speeds of 100 Mbps or higher represented 92% of the total subscriber base (vs. 86% as of June 30, 2024).

Cable TV Services

revenues from cable television services reached P$386,699 million in 1H25 (+P$47,827 million or +14.1% vs. 1H24). The number of TV subscribers
for Telecom , including Uruguay and Paraguay, totaled 3.4 million (+62 thousand or +1.9% vs. 1H24). TV subscribers
for TMA amounted to 0.4 million (-27 thousand or -6.1% vs. 1H24).

The positive revenue
variation in Argentina was mainly driven by the consolidation of TMA’s results in 1H25, which contributed P$34,110 million. Excluding
the impact of TMA’s consolidation, the 4.0% increase for Telecom was primarily due to a 5.3% increase in
ARPU and a 1.9% growth in the customer base compared to 1H24.

The subscriber base
in Argentina for Telecom reached 3.2 million accesses as of June 30, 2025, reflecting a 2.3% increase vs. 1H24.
This growth was supported by Flow Full and Flow Flex products, the latter being fully digital (no decoder or installation required). Of
this customer base, 1.6 million were subscribed to Flow, and Premium subscriptions totaled 1.2 million as of 1H25, increasing 2.1% vs.
1H24.

Flow continues to
strengthen its positioning in the entertainment segment, enhancing customer experience through services such as the recent launch of Flow+
(a flexible entertainment offering that includes two interchangeable subscriptions every 30 days among Pack Fútbol, HBO, Disney+
Premium, and Universal+, all under a single plan).

The monthly TV ARPU
for Telecom expressed in constant currency as of June 30, 2025, reached P$16,297.1 in 1H25 (+