<SEC-DOCUMENT>0001193125-14-445804.txt : 20141218
<SEC-HEADER>0001193125-14-445804.hdr.sgml : 20141218
<ACCEPTANCE-DATETIME>20141217204505
ACCESSION NUMBER:		0001193125-14-445804
CONFORMED SUBMISSION TYPE:	6-K
PUBLIC DOCUMENT COUNT:		3
CONFORMED PERIOD OF REPORT:	20141217
FILED AS OF DATE:		20141218
DATE AS OF CHANGE:		20141217

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:		141294026

	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>d839470d6k.htm
<DESCRIPTION>FORM 6-K
<TEXT>
<HTML><HEAD>
<TITLE>Form 6-K</TITLE>
</HEAD>
 <BODY BGCOLOR="WHITE">

 <P STYLE="line-height:1.0pt;margin-top:0pt;margin-bottom:0pt;border-bottom:1px solid #000000">&nbsp;</P>
<P STYLE="line-height:3.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px solid #000000">&nbsp;</P> <P STYLE="margin-top:4pt; margin-bottom:0pt; font-size:18pt; font-family:Times New Roman" ALIGN="center"><B>SECURITIES AND EXCHANGE COMMISSION
</B></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center"><B>Washington, D.C. 20549 </B></P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><center>
<P STYLE="line-height:6.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1.00pt solid #000000;width:21%">&nbsp;</P></center> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:18pt; font-family:Times New Roman" ALIGN="center"><B>FORM 6-K
</B></P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><center> <P STYLE="line-height:6.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1.00pt solid #000000;width:21%">&nbsp;</P></center>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center"><B>Report of Foreign Issuer </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center"><B>Pursuant to Rule 13a-16 or 15d-16 </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center"><B>of the Securities Exchange Act of 1934 </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>For the month of December 2014 </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>Commission File Number: 001-13464 </B></P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><center>
<P STYLE="line-height:6.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1.00pt solid #000000;width:21%">&nbsp;</P></center> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:24pt; font-family:Times New Roman" ALIGN="center"><B>Telecom
Argentina S.A. </B></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>(Translation of registrant&#146;s name into English) </B></P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><center> <P STYLE="line-height:6.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1.00pt solid #000000;width:21%">&nbsp;</P></center>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>Alicia Moreau de Justo, No.&nbsp;50, 1107 </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>Buenos Aires, Argentina </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>(Address of principal executive offices) </B></P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><center>
<P STYLE="line-height:6.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1.00pt solid #000000;width:21%">&nbsp;</P></center> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Indicate by check mark whether
the registrant files or will file annual reports under cover of Form 20-F or Form 40-F: </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>
<TD WIDTH="35%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="9%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="5%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="9%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="34%"></TD></TR>


<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="top">Form 20-F</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="FONT-FAMILY:WINGDINGS">&#120;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom">Form 40-F</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="FONT-FAMILY:WINGDINGS">&#168;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD></TR>
</TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">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):
</P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>
<TD WIDTH="35%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="9%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="5%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="9%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="34%"></TD></TR>


<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="top" ALIGN="center">Yes</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="FONT-FAMILY:WINGDINGS">&#168;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center">No</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="FONT-FAMILY:WINGDINGS">&#120;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD></TR>
</TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">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):
</P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>
<TD WIDTH="35%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="9%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="5%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="9%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="34%"></TD></TR>


<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="top" ALIGN="center">Yes</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="FONT-FAMILY:WINGDINGS">&#168;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center">No</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="FONT-FAMILY:WINGDINGS">&#120;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD></TR>
</TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">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: </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>
<TD WIDTH="35%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="9%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="5%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="9%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="34%"></TD></TR>


<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="top" ALIGN="center">Yes</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="FONT-FAMILY:WINGDINGS">&#168;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center">No</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="FONT-FAMILY:WINGDINGS">&#120;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD></TR>
</TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">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> </P> <P STYLE="font-size:10pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="line-height:1.0pt;margin-top:0pt;margin-bottom:0pt;border-bottom:1px solid #000000">&nbsp;</P>
<P STYLE="line-height:3.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px solid #000000">&nbsp;</P>

<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>Telecom Argentina S.A. </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">TABLE OF CONTENTS </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B><U>Item </U></B></P>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">1.</TD>
<TD ALIGN="left" VALIGN="top">Press Release issued by Telecom Personal S.A. </TD></TR></TABLE>

<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>
<TD WIDTH="50%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="49%"></TD></TR>


<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B><U>FOR IMMEDIATE RELEASE</U></B></P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:Times New Roman">Buenos Aires, December&nbsp;17, 2014</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right">


<IMG SRC="g839470telecom.jpg" ALT="LOGO">
</TD></TR>
</TABLE> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><U>SECURITIES AND EXCHANGE COMMISSION </U></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Dear Sirs, </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B><I><U>RE.: Press Release issued by Telecom
Personal S.A. </U></I></B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">I am writing to you as Responsible for Market Relations of <B>Telecom Argentina S.A </B>(&#145;Telecom Argentina&#146;) to
attach a free translation of the letter submitted to the <I>Comisi&oacute;n Nacional de Valores</I> (&#147;CNV&#148;) by our controlled subsidiary <B>Telecom Personal S.A</B>. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Sincerely, </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><DIV ALIGN="right">
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="40%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt">


<TR>
<TD WIDTH="100%"></TD></TR>


<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" ALIGN="center"><B>Telecom Argentina S.A.</B></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:1pt; border-bottom:1px solid #000000; font-size:10pt; font-family:Times New Roman" ALIGN="center">/s/ Pedro G. Insussarry</P></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" ALIGN="center">Responsible for Market Relations</TD></TR>
</TABLE></DIV>

<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

 <P STYLE="margin-top:0pt;margin-bottom:0pt" ALIGN="right">


<IMG SRC="g839470personal.jpg" ALT="LOGO">
 </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B><U>FOR IMMEDIATE RELEASE </U></B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Buenos Aires, December&nbsp;17, 2014 </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Comisi&oacute;n Nacional
de Valores </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Att: Mr.&nbsp;Cristian Girard </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Dear Sir: </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Ref.: Payment of the frequency bands assigned in the framework of the Public Auction for the rendering of Personal Communication Services
(&#147;PCS&#148;), of Cellular Mobile Radiocommunication Services (&#147;SRMC&#148;) and Advanced Mobile Communication Services (&#147;SCMA&#148;) called by the Secretariat of Communications through Resolution 38/2014 (the &#147;Auction&#148;)
</B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">I am writing to you as Responsible for Market Relations <B>of Telecom Personal S.A</B> (&#145;Telecom Personal&#146; or &#147;the Company&#148;) in
reference to the matter informed on November&nbsp;3<SUP STYLE="font-size:85%; vertical-align:top">rd</SUP>, 2014. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">In this respect, we inform you that
today Telecom Personal has proceeded with the payment for the following frequency bands assigned to the Company through Resolutions 80/2014, 81/2014, 82/2014 and 83/2014 of the Secretariat of Communications (&#145;SC&#146;): </P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">i)</TD>
<TD ALIGN="left" VALIGN="top">For the <B>PCS </B>service, in <B><U>Lot N&deg; 5</U></B> (Band: 1890-1892.5 Mhz / 1970-1972.5 Mhz -Area I-) </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">ii)</TD>
<TD ALIGN="left" VALIGN="top">For the <B>SRMC </B>service, in <B><U>Lot N&deg; 2</U></B> (Band: 830.25-834 Mhz / 875.25/879 Mhz -Area II-) </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">iii)</TD>
<TD ALIGN="left" VALIGN="top">For the <B>PCS </B>service in <B><U>Lot N&deg; 6</U></B> (Band: 1862.5-1867.5 Mhz / 1942.5-1947.5 Mhz -Area III-) </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">iv)</TD>
<TD ALIGN="left" VALIGN="top">For the <B>SCMA </B>service, in <B><U>Lot N&deg; 8 &#150;Partial Assignment-</U></B> (Band: 1730-1745 Mhz / 2130-2145 Mhz -National Area-). </TD></TR></TABLE>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The payment of US$ 410,736,579 corresponds to the amounts offered for the assigned frequency bands and has been made to the accounts of the National State
informed by SC&#146;s Note 1474/14 on November&nbsp;12, 2014, and in accordance with the List of Conditions of the Auction (the &#147;List of Conditions&#148;) and the Clarification Note N 1. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The funds for this payment came from a capital increase paid-in by the shareholders of the Company, Telecom Argentina S.A. and Nortel Inversora S.A. (the
capital increase, approved by the Ordinary Shareholder&#146;s Meeting of Telecom Personal held on November&nbsp;17, 2014 that has been almost entirely paid-in), and also from proprietary funds and financing from financial entities. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The Company has requested to complete the assignment of the frequency bands for the SCMA services in Lot 8. This lot has been partially assigned through SC
Resolution N 83/2014 and the Company has reserved the applicable rights. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Sincerely, </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Pedro Insussarry </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Responsible for Market Relations </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Telecom Personal S.A. </P>

<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">SIGNATURES </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">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. </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt">


<TR>
<TD WIDTH="47%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="4%"></TD>
<TD VALIGN="bottom"></TD>
<TD WIDTH="47%"></TD></TR>


<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="3"><B>Telecom Argentina S.A.</B></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Date: December&nbsp;17, 2014</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom">By:</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-top:0pt; margin-bottom:1pt; border-bottom:1px solid #000000; font-size:10pt; font-family:Times New Roman">/s/ Enrique Garrido</P></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom">Name: Enrique Garrido</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom">Title: Chairman</TD></TR>
</TABLE>
</BODY></HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>2
<FILENAME>g839470personal.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 g839470personal.jpg
M_]C_X``02D9)1@`!``$`8`!@``#__@`?3$5!1"!496-H;F]L;V=I97,@26YC
M+B!6,2XP,0#_VP"$``@&!@<&!0@'!P<*"0@*#18.#0P,#1L3%!`6(!PB(1\<
M'QXC*#,K(R8P)AX?+#TM,#4V.3HY(BL_0SXX0S,X.3<!"0H*#0L-&@X.&C<D
M'R0W-S<W-S<W-S<W-S<W-S<W-S<W-S<W-S<W-S<W-S<W-S<W-S<W-S<W-S<W
M-S<W-S<W-__$`:(```$%`0$!`0$!```````````!`@,$!08'"`D*"P$``P$!
M`0$!`0$!`0````````$"`P0%!@<("0H+$``"`0,#`@0#!04$!````7T!`@,`
M!!$%$B$Q008346$'(G$4,H&1H0@C0K'!%5+1\"0S8G*""0H6%Q@9&B4F)R@I
M*C0U-C<X.3I#1$5&1TA)2E-455976%E:8V1E9F=H:6IS='5V=WAY>H.$A8:'
MB(F*DI.4E9:7F)F:HJ.DI::GJ*FJLK.TM;:WN+FZPL/$Q<;'R,G*TM/4U=;7
MV-G:X>+CY.7FY^CIZO'R\_3U]O?X^?H1``(!`@0$`P0'!00$``$"=P`!`@,1
M!`4A,08205$'87$3(C*!"!1"D:&QP0DC,U+P%6)RT0H6)#3A)?$7&!D:)B<H
M*2HU-C<X.3I#1$5&1TA)2E-455976%E:8V1E9F=H:6IS='5V=WAY>H*#A(6&
MAXB)BI*3E)66EYB9FJ*CI*6FIZBIJK*SM+6VM[BYNL+#Q,7&Q\C)RM+3U-76
MU]C9VN+CY.7FY^CIZO+S]/7V]_CY^O_``!$(`"<`@`,!$0`"$0$#$0'_V@`,
M`P$``A$#$0`_`.N@'CKQGJU_%+=7/AK2K=RB;(,/)@D<,2&/'\0.VO2?U>A%
M-+F9Q_OJK:^%'&Z):Z3XK\3II5MK'B)W<.RWDUPN#M&<[<$X/USR*ZZCG1I\
M[C'T.>')4GRIOU-#4]0\5?"O7K-)]7EU729OF5)B3O48W*`Q)1AD8P<<CW%9
MPC1QD':-F5*53#25W='M\;K)&LB'*,`5/J#7C;'I#J`"@`H`*`"@`H`*`"@`
MH`*`/#[N[UGXK^+KG3=/OVM-#M0>1DJ5!P'901N9CT!Z#\<^S&,,'24I*\F>
M:W+$S<4[11GZ-J.N?#3QQ#H^H7+/8.ZK(FXF)HV.!(@/0CV_ND5I4A3Q5'GB
MM?ZT(A*>'J<DGH>U^)K_`/LOPMJM\"`T%K(R9_O;3M'YXKQZ,>>I&/F>E4ER
MP;/%O@G`K^-IW*Y\JQ<J?0[T'\B:]C,7:DO4\S!:U&7/'VH_\+!\9:?X?T-3
M<16A9'N$Y7+%0[9_N*`.>YSC/&8PL/JU)U*G4TKR]O44(=#V^*-88DB081%"
MJ/85XS=W<]+8?2`J:EJ=EH]C)>ZA<QVUM']YY#@?0>I]AS50A*;Y8J[)E)15
MV8>@^/M!\1W<]OI\LY\E#(TDD+)'M'4[CP/QQ6]3#5*23D9PK0FVHG.ZO\8+
M*VDN?['TFYU2VM2!/=*WEQ+DX'S;3U/`)`SVS6]/`2=N>5F^AC/%*-^57L=!
MX3\>Z3XJT^6X1OL<T!"S0SN!MSG!!Z$'!_(\5A7PTZ,K;FM*O&I&Z.FCECFC
M$D3JZ'HRG(/XUSM6T9N/I`%`!0!C^++E[/P?K5Q$2LD=E*R$=CL.#^=:T%>K
M%/NB*CM!OR///@5;JFGZU<#[SRQ1_@H8_P#LU>AF3]Z*.+`KW6RC\;5677="
MAC`$S1N,CKRR@?KFKR[2$F3C=911U7QAU-++P*]IG]Y?3)$HSS@'>3]/E`_&
MN7`0YJU^QOBY<M*W<X/X:>"KSQ#IE]<-JTUCIDL@@FCMP!)/M&<;CT7Y_?/<
M<"N[&8B-*27+=_D<N%HN<6[V1U%QK$'AS6X?!?@'3+;^T)&`N;F7++&<9.X]
M6(!).3@=`">!S*FZL/;XAZ=$=#FH2]E16ISFF^._&(\>PZ1_:L>I1_;?L[*M
MN@210V&8;1D#`)SGMW%;SPU#V//:VES&%>K[7DO?4ZGXQ^)9=*TJRTVPOI;:
M^N)?-8P2%&$2@CDCD`L1]=IKFP%%3DY25TC;%U7"*47J<YX42Z^)/B.T759)
M)](T2VCS'*V[SI,8R_J6(8GV&.Y-=%>V%@^3>3,J3>(DN;9'IGCG2+O5_!&H
MZ=IIV3M&"B+QO"D$H/J`1^/I7G8::A54I';6BY4W&)Q'PBN]*U;PQJ'AB]MH
MGE#M+)$Z_P"NC.!D^ZD`>WRUVXZ,X5%5BSEPCC*#ILS/BOI&B6#Z+H>B:-&F
MHN6<"W3YBA^4`@<L21P3TVGUK3!3J2YISEH1BHQ5H06IR7AW_A(="M;_`%?1
M[B2";3)0M]:,I&%.0"R'[P!#`CJO!]QU5?95&H36^S.>E[2"<H]-T>Q:3\5?
M#5W8Z>;Z^6TO;E1OAV,RQMDK@L!@#(SSV()KR9X*K%OE5TCT8XFFTKNS9TGB
M/7;;PUH5UJMT"4A7Y4!P78G"J/J?RZUSTJ;JS4$;5)JG%R9Y)=^/?&]CI-GX
MGN;BS2QO)RD%AY(^=`#ELXW`<8SNSSG&*]2.&P\I.DD[KJ<#KU4E4>SZ'L&I
M6J:UX>O+1'&R]M7C#9XPZD`_K7DPE[.:?9GH27-%KN>2_!#41;:GJVC3Y2:1
M%E1&XP4)5Q]?F'Y&O5S&%XQFCS\%*SE!D>N747C/XUZ9:V;"6VL72-F'*L(R
M9)#_`#7\*=-.AA&Y;O\`70)M5<0DNA1^-.K?:_%L&GJV8["`9'H[_,?_`!W9
M5Y?#EIN7<SQLKS4>QZ)H-SI_P[^&^F/K#M!D!G`0LQEDR^W`[CI_P&O/J*6)
MKOD.V%J%)<QX3I_B/4=+O=1O;2?%W?1O$]P?OKO8,S*>S''7MDXYYKW)48S2
MB]D>4JLHMM;L[OPG?:%X9M`?#-O/XC\47$>W*6[I';@]N0"%]3WQU45PUXU*
MK_>^[!?B=E)PIK]W[TC*\<>$==T_2XO$GB"\$VH7EP(Y8EY$0*DJ,CC^'&!P
M/4UKAJ].4O94UHC+$49J/M)O4M>"Y=0T3X:^*M=T\/'<,T,44NW.%#89A]`Y
MY[8]JC$*-2O"G+;4JAS0HRDCJOA/XZ;4HGT+5[R274`S26\LS[C*O4KD\DCD
M_3Z5S8W#<C]I!:&^%K\ZY9/4YSQN!X,^+EIJ>G`CS]EU)$@Z[F99%'^]@GZM
M71A_W^&<)=-#&M^ZKJ2ZD>I>*(-+^-%YJ^KP3R0V+O#%'$`6`"%5.&(&#DMU
M[YIPHN>%4(=0E54<0Y2Z%KP5?S:MXB\8>(&L&72KBQG:1",H3D$)GN=H;/UJ
M<1%0A3IWU315%N4ISMI8Y+PWX-NO$WAW6;NR5WN[`Q&.(?\`+4$/O4?[6`I'
MY=ZZJV(5*<5+9G-2HNI&36Z+&O>/+SQ%X.L]%U%2UU:W`D^T9_UBA&4;A_>^
M;KW^M32PT:55SCLRJF(=2GR2W*6O>(;KQ1_9.GP6;)!I]LMO;V\>9&)"@,W`
MR2=H_`5=*E&CS2;W=R*E256T4MCU7P1\4-#_`.$9MK36+L6=W91+$2RL1*JC
M`92`<G`&1US7F8C!U/:-P5TSOHXF'(E)V:/,O%NMV-WXTNM7\,-<VRN"[2`>
M6Q<@AW7'(!![\Y)KT:%.4:2A5.*M-.IS4CO?@K8Z)%%/>K?Q2ZS*#']G)VM#
M&#G@'[V<`DC@<#UKAS"51M1M[IU8-02O?4RM/\#:CXY\::KJ]\XMM-6_D5F)
M#.^QL>6!VP`!D_AFM98F.'I1A'>Q"H.M4<Y;7/;YX(;F%H;B))8GX9'4,I^H
M->,FT[H])I/1F'JW@CPUK<R3:AI$,DJ*%#(6C.!T!VD9`]ZVAB*M-6C(SG1I
MS^)&IINE6&CVHM=.LX;6`<[(D"@GU/J?<UG.<IN\G<N,5%62);NRM;^W-O>6
MT5S"2"8YD#J2.1P>*F,G%WB[#:35F/D@AEMVMY(D>%E*-&R@J5(P01TQCM0F
MT[H+:6/)]9^"@:_^TZ!J8M8RVY89@Q\HY_A<<\=L\^]>I3S#W;5%<X9X-7O!
MV-K1_A7;PZG#JOB#5KK6;^)E93(Q"`KTSDEFP?<#U%8U,:W'DIKE1I##)/FF
M[LZZZ\-Z'>Z@;^ZTBSGNR`#++`K,<=.H_6N15:D8\JD['0Z<&[M&@]O"]LUL
MT2^0RE"F,#:1C&*B[3N596L9/AKPMIGA2RFM-+218Y9?-8R/N.<`8SZ`"M:M
M:59WD13IQIJT2Q%X?TB"[O+J+3;99[T8N7\L?O0>H/U[^O>I=6;23>VQ2A%-
MNVY+8:/IFE9_L_3K6TSU\B%4S^0I2J3G\3N"C&.R,/5/ASX5UB]>\NM*47$A
MR[12-'N/<D*0,^^,UM#%5H+E3T,Y4*<G=HV-*T#2=#MC;Z9I\%K&1AMB<O\`
M[S=6_$FLIU9U'>3N7&$8*T48<_PS\(SWPO/[)$,P</\`N)I(P"/0*P`_#%;+
,%UDN6YG]7IWO8__9
`
end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>3
<FILENAME>g839470telecom.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 g839470telecom.jpg
M_]C_X``02D9)1@`!``$`8`!@``#__@`?3$5!1"!496-H;F]L;V=I97,@26YC
M+B!6,2XP,0#_VP"$``@&!@<&!0@'!P<*"0@*#18.#0P,#1L3%!`6(!PB(1\<
M'QXC*#,K(R8P)AX?+#TM,#4V.3HY(BL_0SXX0S,X.3<!"0H*#0L-&@X.&C<D
M'R0W-S<W-S<W-S<W-S<W-S<W-S<W-S<W-S<W-S<W-S<W-S<W-S<W-S<W-S<W
M-S<W-S<W-__$`:(```$%`0$!`0$!```````````!`@,$!08'"`D*"P$``P$!
M`0$!`0$!`0````````$"`P0%!@<("0H+$``"`0,#`@0#!04$!````7T!`@,`
M!!$%$B$Q008346$'(G$4,H&1H0@C0K'!%5+1\"0S8G*""0H6%Q@9&B4F)R@I
M*C0U-C<X.3I#1$5&1TA)2E-455976%E:8V1E9F=H:6IS='5V=WAY>H.$A8:'
MB(F*DI.4E9:7F)F:HJ.DI::GJ*FJLK.TM;:WN+FZPL/$Q<;'R,G*TM/4U=;7
MV-G:X>+CY.7FY^CIZO'R\_3U]O?X^?H1``(!`@0$`P0'!00$``$"=P`!`@,1
M!`4A,08205$'87$3(C*!"!1"D:&QP0DC,U+P%6)RT0H6)#3A)?$7&!D:)B<H
M*2HU-C<X.3I#1$5&1TA)2E-455976%E:8V1E9F=H:6IS='5V=WAY>H*#A(6&
MAXB)BI*3E)66EYB9FJ*CI*6FIZBIJK*SM+6VM[BYNL+#Q,7&Q\C)RM+3U-76
MU]C9VN+CY.7FY^CIZO+S]/7V]_CY^O_``!$(`#P`>@,!$0`"$0$#$0'_V@`,
M`P$``A$#$0`_`.)^)W@._P#`+VD[ZZ]X+Z20A5#)LQ@^ISUH`]?^$'P_N_#,
M:Z[/K!O$U*RC*PE"/+W8;J2<^E`'C>HV46N?&'6=-O\`73I5H][/FX=_E3!)
M`Y('M0![%\*_"&D^']<O;K3?&,6N,]OY;1(P/EC<#NX8^F*`.$^,MQ-'\9](
M1)I%0QVV55B!_K#0!])T`?)$^FP>(/BWK^G:CXA_LBU^U7#^?(_R@ASA>2!0
M![#\*O"&D^']9OKG3?&$6N,\`1XD8'RQNSGACZ4`<'XD\2>)?BE\0Y_">B7S
M6>EQ2/'A6*J50_,[XY/L/I0!V_A#X0:GX0\56.J0^)Y;JV3<+F!U9-X*D#N0
M>2#S0!Q7C+Q!X@^(WQ.?P9I-^UIIT4QA(1B`VWEW?'7&#@4`4/%>@>)O@OJ%
MAJ>E^(9KFVN6VMNR`S+SM922""*`/4?B%K0UOX$76L6^8OM5M#*`IP5RZY%`
M'D/P:UN\T/XA:8EW+(;75XFA7<Q(.2=I_P"^EQ^-`$'Q<UN]U_Q_K$UG,XLM
M*5;<E'(`P<'\V)H`XV*\NO)3_29?NC_EH:`/:?VEO^/?P]_O3?R6@#V'P=_R
M).A?]>,/_H`H`^7+Z7P]#\9]9?Q1%)+I(O;CS%CSDG)QT.>N*`/9?A=J?PX?
M7KJU\&VMU!>RP;I3*&P45AZD]R*`/._CE<I9_%_3[F3/EPV\$C8ZX#L3_*@#
MU[PG\7O#WC'74TC38;Q+AT9P98P%PHR>AH`\#>;PQ#\8-??Q9#+-I?VJX!6(
M'._><="#ZT`>Q_"W5/AS)KEW:>#;6Y@O)8-\OFAL%%(]2>YH`\TD?4/@[\7;
MC4[RRDGTZX>3;(!CS8G.?E/3<#V]J`/8-!^,OACQ)KUCH^FK=M<W9(!DB"*F
M%+<G/MVH`\CUEKOX5_&Z37+JSDETZXFDE1A_RTCD^]@^H)Z>U`#OBMX_M/B3
M+I.B^&K.YN/+E+Y:/#.Y&``/SYH`]&\<Z1)H'[/,NE3,#+:VD$;G_:#KG]:`
M/(]1T^:W^$7@_P`469*7%A=RQEQV_>%D/X%3^=`$D6D.GP*UKQ%=?-=:KJ4?
MSD<E58_S8M^5`'!1$>2G(^Z*`/M[4-'TW51&-1T^VNQ'G;Y\2OMSUQD<4`6X
M8H[>%(8D6.-`%5%&`H'0`4`9<WA7P_<3R33Z'I\LLC%G=[9"S'U)(YH`FL=`
MT?3)S/8:59VLI7:7A@5&(],@4`)>^']'U*X$]_I5G=3!=OF30*[8],D4`)9^
M'M%TVY%Q8Z396TX!`DA@5&`/49`H`BE\*^'KB=YIM"T^261BSN]LA+$]23CD
MT`3V.@Z/IDYFL-*L[64KM+PP*A(],@4`6;NRM+^`P7EM%<1'JDJ!Q^1H`IVG
MAS1-/N!/9:/8VTPZ216Z*P_$"@"W>6%GJ$/DWUK#<Q?W)8PX_(T`5['0=(TN
M4RV&EVEK(1@M#`J''U`H`M7=G;7]J]M=V\=Q`_WHY5#*?J#0!6.AZ4=-&G?V
M9:?80=PM_)7R\YSG;C'6@!7T72Y-.73GTZU:Q3[MN8E,8_X#C%`%4>$O#@&!
MH.G`?]>R?X4`;-`!0`4`%`!0!%-/%;KNFD5%'=CBFDWLB7)1W,F?Q;H-L=LN
MIP@CL#G^5:JA4ELCGEC*$=Y%7_A._#HZ7V?I&W^%7]5J]B/K^'_F)(_&_AV0
MX&I(I_VE(_I2>&JKH-8Z@_M&G:ZOI][_`,>UY#)_NM63ISCNC:%:G/6++HJ#
M86@`H`*`"@`H`*`$[T`(65%+,0`.I/:A:BVW.3UKX@Z1I1:*%_M<XXVQ]`?<
MUUT\)4GJ]#SL1F-*CHM6<I/X^GO#_I%^;2'_`)YVB;GQ_O&NQ811V1YSS&4O
MB=O0I/XMT1"&&CS7DG]^\N"^?PZ57U>IMS6]#)XRBG\%WYBCXAF'BUT"PA';
M"=*?U)/XI,/[3Y?A@D._X6;J@Z6-F!_N&E]1AW'_`&M4_E0'XE7K\3:58R#T
M*4?4H=),/[5F_BBB,^-=,N#_`*5X9M<_WH3L/YBCZM..BF3]>I2UE31/%XOM
M(<-I]Y?V)_YYRMYT?Z\BE]6D_B29HL=%?`VOR-G3_B?$DBQ:G"I4\>=!T_$&
ML9X)_89T4LUC>TT=SIVK6&JP":QN4F3_`&3R/J*X)TY4_B1[%.M"JKP9>%9H
MU"F`4`%`&;JVLVNCVQFN'&<?*@ZFM*=-S=D85JT:2NSR'Q%XPU379GAC+PVG
M01H<9^IKV:&'A35WN?-8G&U*SLGH846F7$G\.!6[DD<D:<I:E^'P_(PRP-9^
MU2-5AF]R['X;/'R5'M[&RPI97PWC^#]*GVYHL+8D_P"$;_Z9_I2]L/ZL-;PW
MQ_J_TI^V\Q/"+L0/X:P/N4U7)>$\BK+X<8=%-6JQB\*4)=$G3D`GVK15$92P
M\EL1VL^HZ/<B>UDDAD7NIX/U]:<HPJ*S)A*I1=T>I^%?'::FBV^H@17/3<.C
M5Y-?"N&L3Z+"8]5/=GN=L""`0<BN$]5.XM`%._N_LD!91ECT%7"-V9U)\J//
M-4M;G5+@M(68DUZ,&H+0\6M&566HMEX3/4Q\_2B5?L%/!^1NVWA;;C*8KGE7
M.N.%MT-.+PY$HYP*S]LSH6&2+2:);KUQ^52ZK-%0BB4:3;CM4^T8_8Q'?V7;
M_P!VESL?L8@=+MS_``XHYV'LHD;:-;MV_2FJC0O8Q*\F@0MTQ5JJR/J\2C-X
M94@X45:K&,L*C&O/"F<_NOTK:.(L<L\&8K>'9+68.B$8-="K*2.7ZLX2NCM/
M#VH3(BV\Y)4<`GM7!6@KW1ZF&J->[(Z7-<QWE2\A23&ZKB[&<TF,M[&W4;O+
M&:<IL4(1ML7%14X50/I6;;9JDD.[4`+0`4`%`!0`4`%`!0`4`)@8Z4`02VL,
@@(:,546T1*$9;E%;.&.7*KBM+MF?)%;&F!@"L3>Q_]D_
`
end
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
