Company: TCMFF
Filing Date: 2025-02-28
Form Type: 20-F
Source: 0001104659-25-019133
Chunk: 30

Company: TELECOM ARGENTINA SA
Filing Date: 2025-02-28
Form: 20-F
Item: Item 3
Chunk 30
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 Argentina became increasingly important in the past. More recently, non-traditional technologies, including OTT services (which are services provided by a telecommunications provider through IP networks not necessarily owned by the provider, including communications, content and cloud-based offerings), such as technologies used by Netflix or other IP operators, have come to play a larger role in the Argentine telecommunications industry. These companies take advantage of the deregulation of the sector to provide their services through third-party networks without paying any fee or right to use it. These technology and new services areas are in the early stages of development, and growth may be inhibited for a number of reasons, including:

●   the cost of connectivity;
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●   concerns about security, reliability, and privacy;
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●   unexpected changes in the regulatory framework;
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●   the appearance of technological innovations;
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●   the ease of use; and
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●   the quality of service.
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Our business, financial condition and results of operations will be materially and adversely affected if these markets do not continue to grow or grow more slowly than we anticipate.
In addition, unlike the Argentine cable television industry, which has traditionally been dominated by companies located in Argentina, competitors in the other services we provide may be based outside of Argentina and enjoy certain competitive advantages such as scale and access to financial resources on terms that are better than those available to us.
Our revenues may be adversely affected by an increase in churn rates, with respect to mobile telephony, cable television and internet services, or reductions in fixed telephony lines in service, with respect to fixed telephony services.
Our revenues depend significantly on our ability to retain customers by limiting churn rates, with respect to mobile telephony, cable television and internet services, or net reductions in fixed telephony lines in service, with respect to fixed telephony services. Any substantial increase in churn rates, with respect to mobile telephony, cable television and internet services, or reductions in lines in service, with respect to fixed telephony services, may have a material adverse effect on our revenues and results of operations. For further information about churn rates see “Item 4—Information on the Company—Management of Churn” and “Item 5—Operating and Financial Review and Prospects—Consolidated Results of Operations—(A.1) 2024 Compared to 2023”.

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PART I - ITEM 3 KEY INFORMATION   TELECOM ARGENTINA S.A.
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Actual or perceived health risks or other problems relating to mobile