<SEC-DOCUMENT>0001193125-13-173804.txt : 20130425
<SEC-HEADER>0001193125-13-173804.hdr.sgml : 20130425
<ACCEPTANCE-DATETIME>20130425162025
ACCESSION NUMBER:		0001193125-13-173804
CONFORMED SUBMISSION TYPE:	6-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20130425
FILED AS OF DATE:		20130425
DATE AS OF CHANGE:		20130425

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			TELECOM ARGENTINA SA
		CENTRAL INDEX KEY:			0000932470
		STANDARD INDUSTRIAL CLASSIFICATION:	TELEPHONE COMMUNICATIONS (NO RADIO TELEPHONE) [4813]
		IRS NUMBER:				000000000
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		6-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-13464
		FILM NUMBER:		13783139

	BUSINESS ADDRESS:	
		STREET 1:		ALICIA MOREAU DE JUSTO 50
		CITY:			BUENOS AIRES
		STATE:			C1
		ZIP:			C1107AAB
		BUSINESS PHONE:		54-11-4968-4000

	MAIL ADDRESS:	
		STREET 1:		ALICIA MOREAU DE JUSTO 50
		CITY:			BUENOS AIRES
		STATE:			C1
		ZIP:			C1107AAB

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	TELECOM ARGENTINA STET FRANCE TELECOM SA
		DATE OF NAME CHANGE:	19950809
</SEC-HEADER>
<DOCUMENT>
<TYPE>6-K
<SEQUENCE>1
<FILENAME>d528285d6k.htm
<DESCRIPTION>FORM 6-K
<TEXT>
<HTML><HEAD>
<TITLE>Form 6-K</TITLE>
</HEAD>
 <BODY BGCOLOR="WHITE">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

 <P STYLE="line-height:0px;margin-top:0px;margin-bottom:0px;border-bottom:0.5pt solid #000000">&nbsp;</P>
<P STYLE="line-height:3px;margin-top:0px;margin-bottom:2px;border-bottom:0.5pt solid #000000">&nbsp;</P> <P STYLE="margin-top:4px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="5"><B>SECURITIES AND EXCHANGE
COMMISSION </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="3"><B>Washington, D.C. 20549 </B></FONT></P>
<P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P><center> <P STYLE="line-height:6px;margin-top:0px;margin-bottom:2px;border-bottom:1pt solid #000000;width:21%">&nbsp;</P></center>
<P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="5"><B>FORM 6-K </B></FONT></P> <P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P><center>
<P STYLE="line-height:6px;margin-top:0px;margin-bottom:2px;border-bottom:1pt solid #000000;width:21%">&nbsp;</P></center> <P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="3"><B>Report of
Foreign Issuer </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="3"><B>Pursuant to Rule 13a-16 or 15d-16 </B></FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="3"><B>of the Securities Exchange Act of 1934 </B></FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="center"><FONT
STYLE="font-family:Times New Roman" SIZE="2"><B>For the month of April 2013 </B></FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>Commission File Number: 001-13464
</B></FONT></P> <P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P><center> <P STYLE="line-height:6px;margin-top:0px;margin-bottom:2px;border-bottom:1pt solid #000000;width:21%">&nbsp;</P></center>
<P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="6"><B>Telecom Argentina S.A. </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT
STYLE="font-family:Times New Roman" SIZE="2"><B>(Translation of registrant&#146;s name into English) </B></FONT></P> <P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P><center>
<P STYLE="line-height:6px;margin-top:0px;margin-bottom:2px;border-bottom:1pt solid #000000;width:21%">&nbsp;</P></center> <P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>Alicia Moreau
de Justo, No.&nbsp;50, 1107 </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>Buenos Aires, Argentina </B></FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="1"><B>(Address of principal executive offices) </B></FONT></P> <P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P><center>
<P STYLE="line-height:6px;margin-top:0px;margin-bottom:2px;border-bottom:1pt solid #000000;width:21%">&nbsp;</P></center> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">Indicate by check mark whether
the registrant files or will file annual reports under cover of Form 20-F or Form 40-F: </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2">Form 20-F&nbsp;&nbsp;<FONT
STYLE="FONT-FAMILY:WINGDINGS">&#120;</FONT>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Form 40-F&nbsp;&nbsp;<FONT STYLE="FONT-FAMILY:WINGDINGS">&#168;</FONT> </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT
STYLE="font-family:Times New Roman" SIZE="2">Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="center"><FONT
STYLE="font-family:Times New Roman" SIZE="2">Yes&nbsp;&nbsp;<FONT STYLE="FONT-FAMILY:WINGDINGS">&#168;</FONT>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;No&nbsp;&nbsp;<FONT STYLE="FONT-FAMILY:WINGDINGS">&#120;</FONT>
</FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2">Yes&nbsp;&nbsp;<FONT STYLE="FONT-FAMILY:WINGDINGS">&#168;</FONT>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
No&nbsp;&nbsp;<FONT STYLE="FONT-FAMILY:WINGDINGS">&#120;</FONT> </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">Indicate by check mark whether by furnishing the information contained in this
Form, the Registrant is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934: </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="center"><FONT
STYLE="font-family:Times New Roman" SIZE="2">Yes&nbsp;&nbsp;<FONT STYLE="FONT-FAMILY:WINGDINGS">&#168;</FONT>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;No&nbsp;&nbsp;<FONT STYLE="FONT-FAMILY:WINGDINGS">&#120;</FONT>
</FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">If &#147;Yes&#148; is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b): <U>N/A</U>
</FONT></P> <P STYLE="font-size:8px;margin-top:0px;margin-bottom:0px">&nbsp;</P> <P STYLE="line-height:3px;margin-top:0px;margin-bottom:0px;border-bottom:0.5pt solid #000000">&nbsp;</P>
<P STYLE="line-height:3px;margin-top:0px;margin-bottom:2px;border-bottom:0.5pt solid #000000">&nbsp;</P>

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<h5 align="left"><a href="#toc">Table of Contents</a></h5>

 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>Telecom Argentina S.A. </B></FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><A NAME="toc"></A>TABLE OF CONTENTS </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT
STYLE="font-family:Times New Roman" SIZE="2"><B><U>Item </U></B></FONT></P> <P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
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<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman" SIZE="2">1.</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2"><A HREF="#tx528285_1">English translation of notice regarding appointment of Directors, Members of the Supervisory Committee, and Members of the Audit Committee </A>
</FONT></TD></TR></TABLE>
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<TD WIDTH="4%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman" SIZE="2">2.</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2"><A HREF="#tx528285_2">English translation of Summary of the Resolutions approved by the General Ordinary Shareholders Meeting held on April&nbsp;23, 2013</A>
</FONT></TD></TR></TABLE>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2">2 </FONT></P>


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<IMG SRC="g528285g01n02.jpg" ALT="LOGO">
 </P> <P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>Item 1 </B></FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT
STYLE="font-family:Times New Roman" SIZE="2"><B><U><A NAME="tx528285_1"></A>FREE TRANSLATION </U></B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B><U>FOR IMMEDIATE RELEASE
</U></B></FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">Buenos Aires, April&nbsp;24, 2013 </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT
STYLE="font-family:Times New Roman" SIZE="2"><U>SECURITIES AND EXCHANGE COMMISSION </U></FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">Dear Sirs, </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B><I><U>RE.: APPOINTMENT OF DIRECTORS, MEMBERS OF THE SUPERVISORY COMMITTEE, AND MEMBERS OF THE AUDIT COMMITTEE </U></I></B></FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">I am writing you as Attorney-in-fact of Telecom Argentina S.A (&#147;Telecom Argentina&#148; or the &#147;Company&#148;) to inform you of the resolutions
adopted by the Ordinary Shareholders&#146; Meeting held on April&nbsp;23, 2013 and the Board of Directors Meeting held the same day, with respect to the composition of the Board of Directors, the Supervisory Committee, and the Audit Committee of
Telecom Argentina S.A. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>BOARD OF DIRECTORS</B>: <B>Chairman:</B> Enrique Garrido. <B>Vice-Chairman:</B> Gerardo Werthein. <B>Directors:</B>
Enrique Llerena, Andrea Mangoni, Patrizio Graziani, Piergiorgio Peluso, Francesca Petralia, Esteban Gabriel Macek, Esteban Ariel Santa Cruz, Federico Horacio Gosman and Mariana Laura Gonz&aacute;lez. <B>Alternate Directors:</B> Aldo Ra&uacute;l
Bruzoni, Eduardo Federico Bauer, Maria Virginia C. Genov&eacute;s, Jorge Luis P&eacute;rez Alati, Jorge Alberto Firpo, Lorenzo Canu, Gianfranco Ciccarella, Pablo Alberto Guti&eacute;rrez, Eduardo Setti, Juan Massolo and Ver&oacute;nica Daniela
&Aacute;lvarez. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">The members of the Board of Directors will hold office for three fiscal years (through the date of the Shareholders&#146;
Meeting which will consider the documentation for fiscal year 2015.). </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>SUPERVISORY COMMITTEE: Regular Members: </B>Evelina Leon&iacute;
Sarrailh (President), Gustavo Adri&aacute;n Enrique Gen&eacute;, Susana Margarita Chiaramoni, Gerardo Prieto and Ra&uacute;l Alberto Garr&eacute;. <B>Alternate Members:</B> Gonzalo Francisco Oliva Beltr&aacute;n, Alberto Gustavo Gonzalez, Jacqueline
Berz&oacute;n, Guillermo Feldberg and Silvia Alejandra Rodriguez. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">Members of the Supervisory Committee will hold office through the date of
the Shareholders&#146; Meeting which will consider the documentation for fiscal year 2013. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>AUDIT COMMITTEE:</B> Enrique Garrido, Esteban
Gabriel Macek (&#147;financial expert&#148; of the Audit Committee) and Federico Horacio Gosman. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">Members of the Audit Committee will hold
office until the date of the Shareholders&#146; Meeting which will consider the documentation for fiscal year 2013. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">Yours sincerely,
</FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>Mar&iacute;a Delia Carrera Sala </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT
STYLE="font-family:Times New Roman" SIZE="2"><B>Attorney-in-fact </B></FONT></P>

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 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>Item&nbsp;2 </B></FONT></P> <P STYLE="margin-top:24px;margin-bottom:0px" ALIGN="center"><FONT
STYLE="font-family:Times New Roman" SIZE="2"><B><U>TELECOM ARGENTINA S.A. </U></B></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B><U><A NAME="tx528285_2"></A>Summary of the
Resolutions approved by the General Ordinary </U></B></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B><U>Shareholders Meeting held on April&nbsp;23, 2013 </U></B></FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">The following resolutions were adopted upon reviewing each of the points included in the Agenda: </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>1&deg;) Appointment of two shareholders to approve and sign the Minutes of the Meeting. </B></FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT
STYLE="font-family:Times New Roman" SIZE="2"><I></I>Maria de los Angeles Blanco Salgado, the representative of Nortel Inversora S.A., and Osvaldo Pibida, the representative of JPMorgan Chase Bank, National Association, the Company&#146;s ADR program
administrator, were appointed to approve and sign the Minutes. The President resolved also that the Minutes were to be approved and signed by Mr.&nbsp;Cristian&nbsp;A. Girard, representative of the <I>Administraci&oacute;n Nacional de Seguridad
Social &#150; Fondo de Garant&iacute;a de Sustentabilidad &#150; Ley N&deg;26.425 </I>(or &#147;ANSeS&#148;).<I> </I></FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>2&deg;) Review the
documents provided for in section 234, subsection 1 of Law 19,550, the Rules of Comision Nacional de Valores and the Listing Regulations of the Buenos Aires Stock Exchange (Bolsa de Comercio de Buenos Aires), and of the accounting documents in
English required by the Rules of the U.S. Securities and Exchange Commission for the twenty-fourth fiscal year ended on December&nbsp;31, 2012 (&#147;Fiscal Year 2012&#148;). </B></FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT
STYLE="font-family:Times New Roman" SIZE="2">All of the documentation submitted for consideration by the shareholders was approved without amendment, as presented to the Board of Directors, the Audit Committee and the Supervisory Committee and as
approved by the Board of Directors in its meeting held on February&nbsp;27, 2013 and filed with the regulatory entities. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>3&deg;) Analysis
of the allocation of Retained Earnings as of December&nbsp;31, 2012 (P$ 3,055 million). The Board of Directors proposes the allocation of: (i)&nbsp;P$ 153&nbsp;million to the Legal Reserve; (ii)&nbsp;P$ 351&nbsp;million to &#147;Special Reserve for
the adoption of IFRS/NIIF&#148; (CNV Resolution N&deg; 609/12); (iii)&nbsp;P$ 1,000&nbsp;million to &#147;Reserve for Future Cash Dividends&#148;; (iv)&nbsp;P$ 1,200&nbsp;million to &#147;Voluntary Reserve for Future Capital Operations&#148;;
(v)&nbsp;P$ 351&nbsp;million to &#147;Voluntary Reserve for Future Investments&#148;. Delegation of powers to the Board of Directors to determine the allocation of the Reserve for Future Cash Dividends and the Voluntary Reserve for Future Capital
Operations for their specific purposes. </B></FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">It was resolved to adjourn until May&nbsp;21st, 2013 at 10:00 a.m., to consider the third item of
the Agenda. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>4&deg;) Performance review of the members of the Board of Directors and Supervisory Committee from April&nbsp;27, 2012 to the
date of this Shareholders&#146; Meeting. </B></FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">The Shareholders&#146; Meeting approved the performance of all the members of the Board of
Directors and of the Supervisory Committee acting as of April&nbsp;27, 2012 to the date of this Meeting. </FONT></P>

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 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>Item 2 </B></FONT></P>
<p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>5&deg;) Review of Board of Directors&#146; compensation for the services rendered during Fiscal Year
2012 (from the Shareholders&#146; Meeting of April&nbsp;27, 2012 to the date of this meeting). Proposal to pay the aggregate amount of P$ 8,500,000.-, which represents 0.29% of &#147;accountable earnings,&#148; calculated under section 2 of Chapter
III of the Rules of Comision Nacional de Valores. </B></FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">The aggregate compensation of P$ 8,500,000 was approved for the Board of Directors
acting from the Shareholders&#146; Meeting of April&nbsp;27, 2012 to the date of this Meeting, to be distributed in the manner provided for by the Company&#146;s Board of Directors, taking into consideration the advance payments of fees that the
Directors have received. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>6&deg;) Determination of the number of Directors and alternate Directors who will serve from the date of this
Shareholders&#146; Meeting for three fiscal years. </B></FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">11 regular directors and 11 alternate directors were designated who will serve from
the date of this Shareholders&#146; Meeting for three fiscal years. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>7&deg;) Election of such Directors. </B></FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">The following were appointed as regular directors: Messrs. Enrique Garrido, Enrique Llerena, Andrea Mangoni, Patrizio Graziani, Piergiorgio Peluso,
Francesca Petralia, Gerardo Werthein, Esteban Gabriel Macek, Esteban Ariel Santa Cruz, Federico Horacio Gosman and Mariana Laura Gonz&aacute;lez. Messrs. Santa Cruz, Gosman and Ms. Gonz&aacute;lez were proposed by the shareholder ANSeS. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">Messrs. Enrique Llerena, Esteban Gabriel Macek, Esteban Ariel Santa Cruz, Federico Horacio Gosman and Ms Mariana Laura Gonz&aacute;lez qualify as
&#147;independent&#148; directors both under the Rules of the Comisi&oacute;n Nacional de Valores and of the U.S. Securities&nbsp;&amp; Exchange Commission and Mr.&nbsp;Enrique Garrido qualifies as an &#147;independent&#148; director under the Rules
of the U.S. Securities&nbsp;&amp; Exchange Commission. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">All other regular directors designated qualify as &#147;non- independent&#148;.
</FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>8&deg;) Election of such alternate Directors. </B></FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT
STYLE="font-family:Times New Roman" SIZE="2">The following were designated as alternate directors: Mr.&nbsp;Aldo Ra&uacute;l Bruzoni (as alternate to Mr.&nbsp;Enrique Garrido), Ms.&nbsp;Maria Virginia C. Genov&eacute;s (as alternate to
Mr.&nbsp;Enrique Llerena), Messrs. Jorge Luis P&eacute;rez Alati, Jorge Alberto Firpo, Lorenzo Canu, Gianfranco Ciccarella (as alternate to Messrs. Andrea Mangoni, Patrizio Graziani, Piergiorgio Peluso and Francesca Petralia, indistinctly);
Mr.&nbsp;Eduardo Federico Bauer (as alternate to Mr.&nbsp;Gerardo Werthein); Mr.&nbsp;Pablo Alberto Gutierrez (as alternate to Mr.&nbsp;Esteban Gabriel Macek) and Mr.&nbsp;Eduardo Setti (as alternate to Mr.&nbsp;Esteban A.Santa Cruz); Mr Juan
Massolo (as alternate to Federico Horacio Gosman) and Ms.&nbsp;Ver&oacute;nica Daniela &Aacute;lvarez (as alternate to Mariana Laura Gonz&aacute;lez). </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT
STYLE="font-family:Times New Roman" SIZE="2">Messrs. Eduardo Setti, Juan Massolo and Ms Ver&oacute;nica Daniela &Aacute;lvarez were proposed by the shareholder ANSeS. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT
STYLE="font-family:Times New Roman" SIZE="2">Ms.&nbsp;Maria Virginia C. Genov&eacute;s and Ms Ver&oacute;nica Daniela &Aacute;lvarez and Messrs. Mr.&nbsp;Pablo Alberto Gutierrez, Eduardo Setti and Juan Massolo qualify as &#147;independent&#148;
directors both under the Rules of the Comisi&oacute;n Nacional de Valores and of the U.S. Securities&nbsp;&amp; Exchange Commission. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">The
alternate director Mr.&nbsp;Aldo R Bruzoni qualify as &#147;independent&#148; director under the Rules of the U.S. Securities&nbsp;&amp; Exchange Commission. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT
STYLE="font-family:Times New Roman" SIZE="2">All other alternate directors designated qualify as &#147;non-independent&#148;. </FONT></P>

<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>Item 2 </B></FONT></P>
<p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>9&deg;) Authorize the Board of Directors to make advance payments of fees for up to P$ 9,000,000.- to
those Directors acting during Fiscal Year 2013 (from the date of this Shareholders&#146; Meeting through the date of the Shareholders&#146; Meeting reviewing the documents of such fiscal year and contingent upon the decision passed at such Meeting).
</B></FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">The Board of Directors was authorized to make advance payments of fees to the members of the Board of Directors acting during Fiscal Year
2013 for up to an aggregate amount of P$9,000,000, contingent upon the decision adopted at the Shareholders&#146; Meeting, which considers the documentation for such fiscal year. The Board of Directors was authorized to increase such amount based on
reasonable standards in case of inflation. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>10&deg;) Review of the Supervisory Committee&#146;s compensation for the services rendered
during Fiscal Year 2012 (as from the Shareholders&#146; Meeting of April&nbsp;27, 2012 through the date of this meeting). Proposal to pay the aggregate amount of P$ 2,436,925.- </B></FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT
STYLE="font-family:Times New Roman" SIZE="2">Total compensation of P$2,436,925 was approved for the Supervisory Committee members acting from the Shareholders Meeting held on April&nbsp;27, 2012 to the date of this Meeting, taking in consideration
the advance payments of fees that the members of the Supervisory Committee have received. Such amount shall be distributed equally between the regular members who, in each case, shall proportionally distribute it in favor of their respective
alternates that effectively served and in such manner as determined by the regular members. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>11&deg;) Decide the number of members and
alternate members of the Supervisory Committee for Fiscal Year 2013. </B></FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">It was resolved that the Supervisory Committee acting during Fiscal
Year 2013 will be composed of five (5)&nbsp;regular members and five (5)&nbsp;alternate members. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>12&deg;) Election of members of the
Supervisory Committee. </B></FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">The following persons were elected as regular members: </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT
STYLE="font-family:Times New Roman" SIZE="2">Evelina Leon&iacute; Sarrailh, Gustavo Adri&aacute;n Enrique Gen&eacute;, Susana Margarita Chiaramoni, Gerardo Prieto and Ra&uacute;l Alberto Garr&eacute;. Mr Garr&eacute; was proposed by the shareholder
ANSeS. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">Ms Evelina Leon&iacute; Sarrailh and Ms Susana M. Chiaramoni and Mr Ra&uacute;l Alberto Garr&eacute; are lawyers and are considered
&#147;independent&#148; as none of the circumstances included in Article 11 of Chapter III of the Rules of the Comisi&oacute;n Nacional de Valores are registered in relation to them. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT
STYLE="font-family:Times New Roman" SIZE="2">Messrs. Gustavo Adri&aacute;n Enrique Gen&eacute; and Gerardo Prieto are certified accountants and are not included in the categories described under Technical Resolution No.&nbsp;15 of the
<I>Federaci&oacute;n de Consejos Profesionales de Ciencias Econ&oacute;micas</I> (Federation of Professional Councils in Economic Sciences) that establishes the cases under which an accountant is considered &#147;non-independent&#148;, nor in any of
the categories mentioned in the third paragraph of section 4 of Chapter XXI of the Rules of the Comisi&oacute;n Nacional de Valores. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">It was
also stated that none of the elected members, the law firms that they are members of or other members of such law firms have been external auditors of Telecom Argentina and will not be nominated for such purpose. </FONT></P>

<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>Item 2 </B></FONT></P>
<p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>13&deg;) Election of alternate members of the Supervisory Committee. </B></FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">The following persons were elected as alternate members: </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT
STYLE="font-family:Times New Roman" SIZE="2">Gonzalo Francisco Oliva Beltr&aacute;n (as alternate to Evelina L. Sarrailh), Alberto Gustavo Gonzalez as (as alternate to Gustavo Adri&aacute;n Enrique Gen&eacute;), Jacqueline Berz&oacute;n (as
alternate to Susana Margarita Chiaramoni), Guillermo Feldberg (as alternate to Gerardo Prieto) and Silvia Alejandra Rodriguez (as alternate to Ra&uacute;l Alberto Garr&eacute;). Ms Silvia A. Rodriguez was proposed by the shareholder ANSeS.
</FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">Mr Oliva Beltr&aacute;n and Ms Berz&oacute;n and Ms Rodriguez are lawyers and are considered &#147;independent&#148; as none of the
circunstances included in Article 11 of Chapter III of the Rules of the Comisi&oacute;n Nacional de Valores are registered in relation to them. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">Messrs Alberto Gustavo Gonzalez and Guillermo Feldberg are certified accountants and are not included in the categories described under Technical
Resolution No.&nbsp;15 of the <I>Federaci&oacute;n de Consejos Profesionales de Ciencias Econ&oacute;micas</I> (Federation of Professional Councils in Economic Sciences) that establishes the cases under which an accountant is considered
&#147;non-independent&#148;, nor in any of the categories mentioned in the third paragraph of section 4 of Chapter XXI of the Rules of the Comisi&oacute;n Nacional de Valores. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT
STYLE="font-family:Times New Roman" SIZE="2">It was also stated that none of the elected alternate members, the law firms that they are members of or other members of such law firms have been external auditors of Telecom Argentina and will not be
nominated for such purpose. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>14&deg;) Authorize the Board of Directors to make advance payments of fees of up to P$ 2,436,925.-, to those
Supervisory Committee members acting during Fiscal Year 2013 (from the date of this Shareholders&#146; Meeting through the date of the Shareholders&#146; Meeting reviewing the documents of such fiscal year and contingent upon the decision passed at
such Meeting). </B></FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">The Board of Directors was authorized to make advance payment of fees to the members of the Supervisory Committee acting
during Fiscal Year 2013 for up to an aggregate of P$2,436,925 contingent upon the decision adopted at the Meeting reviewing the documents of such fiscal year. The Board of Directors was authorized to increase such amount based on reasonable
standards in case of inflation. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>15&deg;) Appointment of independent auditors for Fiscal Year 2013 financial statements and determination
of their compensation as well as of the compensation due to those acting in Fiscal Year 2012 </B></FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">The accounting firm &#147;Price
Waterhouse&nbsp;&amp; Co SRL&#148; was appointed Independent Auditor of the financial statements for Fiscal Year 2013. Alejandro Pablo Frechou was designated as the regular certifying accountant and Carlos Nestor Martinez as his alternate. Also it
was decided that their compensation should be determined at the Shareholders&#146; Meeting reviewing the financial statements for that fiscal year, and the audit committee was delegated the authority to determine how their service would be rendered
and to make fee advance payments. </FONT></P>

<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>Item 2 </B></FONT></P>
<p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">The compensation of the Independent Auditor acting during the fiscal year ended on December&nbsp;31,
2012 was set in the aggregate amount of P$ 5,250,000, excluding VAT, of which P$2,650,000 was assigned to the financial statement audit fees and P$ 2,600,000 to the audit tasks related to certification under Section&nbsp;404 of the Sarbanes-Oxley
Act. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>16&deg;) Review of the Audit Committee&#146;s budget for Fiscal Year 2013. </B></FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">The budget for the Audit Committee operation for the Fiscal Year ending December&nbsp;31, 2013 was set in the amount of P$1,500,000. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">All resolutions where passed by the majority of computable votes (except the resolution taken to adjourn the consideration of the third item of the
Agenda, which was approved by 100 percent of the computable votes), after deducting the voluntary abstentions of the calculation base. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">The
Shareholders&#146; Meeting was attended by Maria Ines Pont Lezica on behalf of the Comisi&oacute;n Nacional de Valores and accountant Alejandro Romano on behalf of the Buenos Aires Stock Exchange. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B><I>Mar&iacute;a Delia Carrera Sala </I></B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT
STYLE="font-family:Times New Roman" SIZE="2"><B><I>Attorney-at-law and in-fact </I></B></FONT></P>

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<h5 align="left"><a href="#toc">Table of Contents</a></h5>

 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2">SIGNATURES </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT
STYLE="font-family:Times New Roman" SIZE="2">Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized. </FONT></P>
<P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE">


<TR>
<TD WIDTH="44%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="6%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="4%"></TD>
<TD VALIGN="bottom"></TD>
<TD WIDTH="43%"></TD></TR>


<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="3"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>Telecom Argentina S.A.</B></FONT></TD></TR>
<TR>
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Date: April 25, 2013</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">By:</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-top:0px;margin-bottom:1px;border-bottom:1px solid #000000"><FONT STYLE="font-family:Times New Roman" SIZE="2">/s/ Enrique Garrido</FONT></P></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">Name:</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">Enrique Garrido</FONT></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">Title:</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">Chairman</FONT></TD></TR>
</TABLE>
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end
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
