Company: TCMFF
Filing Date: 2025-05-19
Form Type: 6-K
Source: 0001104659-25-050264
Chunk: 14

Company: TELECOM ARGENTINA SA
Filing Date: 2025-05-19
Form: 6-K
Chunk 14
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0.3 |
| ARPU (in P$/month) pay TV services                  |     |      | 11,058.8 |     |      | 13,140.9 |
| Number Mobile services customers (millions)         |     |      |     17.8 |     |      |     17.7 |
| ARPU Mobile (in P$/month)                           |     |      |  6,859.2 |     |      |  6,467.3 |

Price of services

In compliance with its specific
functions, the ENACOM acting as the designated enforcement authority under the Digital Argentina Law, has regulated various aspects related
to the provision of ICT services, as well as audiovisual communication services. These regulations include procedures for filing complaints,
contracting regimes, billing, service quality and licensing matters, some of which have been subject to appeals by TMA. Notwithstanding
recent regulatory changes affecting rates regulation, ENACOM retains broad supervisory authority over technical, operational, and user
protection aspects of ICT services.

Decree No. 302/24 dated April 10, 2024, expressly repealed Decree No. 690/2020 and re-established the freedom of ICT service licensees to set their own prices on a fair and reasonable manner, allowing them to cover operating costs and a reasonable operating margin.
While this regulatory shift revoked the public service status previously imposed on ICT services, the national regulatory authority (ENACOM)
retains significant oversight powers in non-tariff matters such as licensing, quality of service, and spectrum management. The impact
of the service price adjustments on TMA’s results of operations is particularly relevant in light of persistent inflationary pressures
on TMA’s cost structure. It is worth noting that several legal challenges have been filed questioning the constitutionality of Decree
No. 302/24, and therefore its full implementation may be subject to judicial review. For additional information, see “Item
4—Information on the Company—Regulatory Authorities and Framework” in the TEO 2024 20-F and Note 18 to the TMA Financial
Statements.

Competition

The main competitors of TMA
are detailed below by type of service as of December 31, 2024:

Mobile Services:

The market for residential,
corporate and wholesale mobile telecommunications services in Argentina is characterized by intense competition. Operators are free from
regulation to determine the pricing of services, except that ENAC