Company: TCMFF
Filing Date: 2025-08-12
Form Type: 6-K
Source: 0001104659-25-076939
Chunk: 39

Company: TELECOM ARGENTINA SA
Filing Date: 2025-08-12
Form: 6-K
Chunk 39
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, 2025, and 2024, respectively.

As of June 30, 2025, the customer base for the
segment “ICT Services provided in Argentina – Telecom Networks” amounted to 3.2 million customers, increasing a 2.3%
compared to June 30, 2024. This increase was driven by Flow Full and Flow Flex products. The last one, that is 100% digital (no decoder
or installation is required) began to be marketed as a main product during 3Q24. Our Flow digital platform’s customer base reached
1.6 million and our Premium Package’s customer base amounted to 1.2 million as of June 30, 2025, a 2.1% increase compared as June
30, 2024. The average churn rate per month amounted to 1.5% and 1.8% in 1H25 and 1H24, respectively.

ARPU of Cable Television Services in Argentina- Segment “ICT Services provided in Argentina – Telecom Networks”

An important monthly operational measure used in the Cable Television services is ARPU, which we calculate by dividing adjusted total service revenues—excluding
connection and administration fees, advertising services and others— (divided by six months) by the average number of customers
during 1H25. ARPU is not a measure calculated in accordance with IFRS Accounting Standards and our measure of ARPU may not be calculated
in the same manner as similarly titled measures used by other companies. In particular, certain components of service revenues are excluded
from Cable Television’s ARPU calculations presented in this operating and financial review and prospects as of June 30, 2025. Management
believes that this measure is helpful in assessing the development of the subscriber base of cable television services. The following
table shows the reconciliation of total cable television service revenues to such revenues included in the ARPU calculations of 1H25:

|                                                                      |     |      1H25 |
|                                                                      |     | $ million |
| Total Cable television service revenues                              |     |   310,001 |
| Components of service revenues not included in the ARPU calculation: 
 Connection and Reconnection fees and others                          |     |      -161 |
| Adjusted total service revenues included in the ARPU calculation     |     |   309,840 |
| Average number of customers during 1H25 (millions)                   |     |       3.2 |
| AR