<SEC-DOCUMENT>0000903423-16-001268.txt : 20160919
<SEC-HEADER>0000903423-16-001268.hdr.sgml : 20160919
<ACCEPTANCE-DATETIME>20160919111310
ACCESSION NUMBER:		0000903423-16-001268
CONFORMED SUBMISSION TYPE:	SC 13D/A
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		20160919
DATE AS OF CHANGE:		20160919
GROUP MEMBERS:		DAVID MARTINEZ
GROUP MEMBERS:		FINTECH ADVISORY INC.
GROUP MEMBERS:		NORTEL INVERSORA S.A.
GROUP MEMBERS:		SOFORA TELECOMUNICACIONES S.A.

SUBJECT COMPANY:	

	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:		SC 13D/A
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	005-49901
		FILM NUMBER:		161891098

	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

FILED BY:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Fintech Telecom, LLC
		CENTRAL INDEX KEY:			0001616126
		IRS NUMBER:				000000000

	FILING VALUES:
		FORM TYPE:		SC 13D/A

	BUSINESS ADDRESS:	
		BUSINESS PHONE:		(212) 593-3461

	MAIL ADDRESS:	
		STREET 1:		375 PARK AVENUE
		STREET 2:		SUITE 3804
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10152
</SEC-HEADER>
<DOCUMENT>
<TYPE>SC 13D/A
<SEQUENCE>1
<FILENAME>fintech13da3.htm
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<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: center">SECURITIES AND EXCHANGE COMMISSION<BR>
WASHINGTON, DC 20549</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 24pt; text-align: center">SCHEDULE 13D<BR>
Under the Securities Exchange Act of 1934<BR>
(Amendment No. 3)*</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%">
<TR>
    <TD STYLE="width: 100%; border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: center; text-transform: uppercase">TELECOM ARGENTINA S.A.</TD></TR>
<TR>
    <TD STYLE="font: bold 10pt Times New Roman, Times, Serif; text-align: center; text-transform: uppercase"><FONT STYLE="font-weight: normal; text-transform: none">(Name of Issuer)</FONT></TD></TR>
<TR>
    <TD STYLE="font: bold 10pt Times New Roman, Times, Serif; text-align: center; text-transform: uppercase">&nbsp;</TD></TR>
<TR>
    <TD STYLE="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: center; text-transform: uppercase">CLASS B ORDINARY SHARES</TD></TR>
<TR>
    <TD STYLE="font: bold 10pt Times New Roman, Times, Serif; text-align: center; text-transform: uppercase"><FONT STYLE="font-weight: normal; text-transform: none">(Title of Class of Securities)</FONT></TD></TR>
<TR>
    <TD>&nbsp;</TD></TR>
<TR>
    <TD STYLE="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: center; text-transform: uppercase">879273209</TD></TR>
<TR>
    <TD STYLE="font: bold 10pt Times New Roman, Times, Serif; text-align: center; text-transform: uppercase"><FONT STYLE="font-weight: normal; text-transform: none">(CUSIP Number)</FONT></TD></TR>
<TR>
    <TD STYLE="font: bold 10pt Times New Roman, Times, Serif; text-align: center; text-transform: uppercase">&nbsp;</TD></TR>
<TR>
    <TD STYLE="border-bottom: black 1pt solid; text-align: center; vertical-align: bottom">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>Julio R. Rodriguez, Jr.</B></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>Fintech Advisory Inc.</B></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>375 Park Avenue</B></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>New York, NY 10152</B></P>
        <P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0; text-transform: uppercase">(212) 593-4500</P>
        <P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0; text-transform: uppercase">&nbsp;&nbsp;</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>With copies to:</B></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>Richard J. Cooper, Esq.</B></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>Adam Brenneman, Esq.</B></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>Cleary, Gottlieb, Steen &amp; Hamilton LLP</B></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>One Liberty Plaza</B></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>New York, New York 10006</B></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>(212) 225-2000</B></P></TD></TR>
<TR>
    <TD>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-transform: uppercase; text-align: center"><FONT STYLE="font-weight: normal; text-transform: none">(Name,
        Address and Telephone Number of Person</FONT></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-transform: uppercase; text-align: center"><FONT STYLE="font-weight: normal; text-transform: none">Authorized
        to Receive Notices and Communications)</FONT></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-transform: uppercase; text-align: center"><FONT STYLE="font-weight: normal; text-transform: none">&nbsp;</FONT></P></TD></TR>
<TR>
    <TD>
        </TD></TR>
<TR>
    <TD STYLE="border-bottom: black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: center; text-transform: uppercase"><FONT STYLE="text-transform: none">September
    15, 2016</FONT></TD></TR>
<TR>
    <TD STYLE="font: bold 10pt Times New Roman, Times, Serif; text-align: center; text-transform: uppercase"><FONT STYLE="font-weight: normal; text-transform: none">(Date of Event which Requires Filing of this Statement)</FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt">If the filing person has previously filed a statement on
Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of sections
240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box. &#9744;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt">Note: Schedules filed in paper format shall include a signed
original and five copies of the schedule, including all exhibits. See Rule 13d-7 for other parties to whom copies are to be sent.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt">* The remainder of this cover page shall be filled out for
a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment
containing information which would alter disclosures provided in a prior cover page.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt">The information required on the remainder of this cover page
shall not be deemed to be &ldquo;filed&rdquo; for the purpose of section 18 of the Securities Exchange Act of 1934 (the &ldquo;Act&rdquo;)
or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however,
see the Notes).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt">&nbsp;</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD COLSPAN="6" STYLE="border: gray 1pt solid; font: 10pt Times New Roman, Times, Serif; padding-top: 4.5pt; padding-bottom: 2.7pt"><B>CUSIP No. 879273209</B></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-right: gray 1pt solid; border-bottom: gray 1pt solid; border-left: gray 1pt solid; font: 10pt Times New Roman, Times, Serif; padding: 4.5pt 6.1pt 12pt; text-align: center"><B>1.</B></TD>
    <TD COLSPAN="5" STYLE="border-right: gray 1pt solid; border-bottom: gray 1pt solid; padding-right: 6.1pt; padding-left: 6.1pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 4.5pt 0 2.7pt">Names of Reporting Persons</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 4.5pt 0 2.7pt"><B>David Mart&iacute;nez</B></P></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-right: gray 1pt solid; border-bottom: gray 1pt solid; border-left: gray 1pt solid; font: 10pt Times New Roman, Times, Serif; padding: 4.5pt 6.1pt 12pt; text-align: center"><B>2.</B></TD>
    <TD COLSPAN="3" STYLE="border-bottom: gray 1pt solid; padding-right: 6.1pt; padding-left: 6.1pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 4.5pt 0 0">Check the Appropriate Box if a Member of a Group (see instructions)</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 2.7pt">&nbsp;</P></TD>
    <TD STYLE="border-bottom: gray 1pt solid">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 4.5pt 0 2.7pt">(a)&nbsp;</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 4.5pt 0 2.7pt">(b)</P></TD>
    <TD STYLE="border-right: gray 1pt solid; border-bottom: gray 1pt solid">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 4.5pt 0 2.7pt">&#9744;</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 4.5pt 0 2.7pt">&#9746;</P></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-right: gray 1pt solid; border-bottom: gray 1pt solid; border-left: gray 1pt solid; font: 10pt Times New Roman, Times, Serif; padding: 4.5pt 6.1pt 12pt; text-align: center"><B>3.</B></TD>
    <TD COLSPAN="5" STYLE="border-right: gray 1pt solid; border-bottom: gray 1pt solid; font: 10pt Times New Roman, Times, Serif; padding-top: 4.5pt; padding-bottom: 2.7pt">&nbsp;&nbsp;&nbsp;SEC USE ONLY</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-right: gray 1pt solid; border-bottom: gray 1pt solid; border-left: gray 1pt solid; font: 10pt Times New Roman, Times, Serif; padding: 4.5pt 6.1pt 12pt; text-align: center"><B>4.</B></TD>
    <TD COLSPAN="5" STYLE="border-right: gray 1pt solid; border-bottom: gray 1pt solid; padding-right: 6.1pt; padding-left: 6.1pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 4.5pt 0 2.7pt">Source of Funds (see instructions)<B> </B></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 4.5pt 0 2.7pt">AF</P></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-right: gray 1pt solid; border-bottom: gray 1pt solid; border-left: gray 1pt solid; font: 10pt Times New Roman, Times, Serif; padding: 4.5pt 6.1pt 12pt; text-align: center"><B>5.</B></TD>
    <TD COLSPAN="3" STYLE="border-bottom: gray 1pt solid; font: 10pt Times New Roman, Times, Serif; padding-top: 4.5pt; padding-bottom: 2.7pt">&nbsp;&nbsp;Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</TD>
    <TD STYLE="border-bottom: gray 1pt solid; font: 10pt Times New Roman, Times, Serif; padding-top: 4.5pt; padding-bottom: 2.7pt">&nbsp;</TD>
    <TD STYLE="border-right: gray 1pt solid; border-bottom: gray 1pt solid; font: 10pt Times New Roman, Times, Serif; padding-top: 4.5pt; padding-bottom: 2.7pt">&#9744;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-right: gray 1pt solid; border-bottom: gray 1pt solid; border-left: gray 1pt solid; font: 10pt Times New Roman, Times, Serif; padding: 4.5pt 6.1pt 12pt; text-align: center"><B>6.</B></TD>
    <TD COLSPAN="5" STYLE="border-right: gray 1pt solid; border-bottom: gray 1pt solid; padding-right: 6.1pt; padding-left: 6.1pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 4.5pt 0 2.7pt">Citizenship or Place of Organization</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 4.5pt 0 2.7pt">United Kingdom</P></TD></TR>
<TR STYLE="vertical-align: top">
    <TD COLSPAN="2" ROWSPAN="4" STYLE="border-right: gray 1pt solid; border-bottom: gray 1pt solid; border-left: gray 1pt solid">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>Number of </B></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>Class B Shares Beneficially Owned by Each Reporting </B></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>Person with</B></P>
        <P STYLE="font: 10pt/161% Times New Roman, Times, Serif; margin: 0pt 0 12pt">&nbsp;</P></TD>
    <TD STYLE="border-right: gray 1pt solid; border-bottom: gray 1pt solid; font: 10pt Times New Roman, Times, Serif; padding: 4.5pt 6pt 12pt; text-align: center"><B>7.</B></TD>
    <TD COLSPAN="3" STYLE="border-right: gray 1pt solid; border-bottom: gray 1pt solid; padding-right: 6pt; padding-left: 6pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 4.5pt 0 2.7pt">Sole Voting Power</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 4.5pt 0 0">18,086,059<SUP>(<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">1</FONT>)</SUP></P></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-right: gray 1pt solid; border-bottom: gray 1pt solid; font: 10pt Times New Roman, Times, Serif; padding: 4.5pt 6pt 12pt; text-align: center"><B>8.</B></TD>
    <TD COLSPAN="3" STYLE="border-right: gray 1pt solid; border-bottom: gray 1pt solid; padding-right: 6pt; padding-left: 6pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 4.5pt 0 2.7pt">Shared Voting Power</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 4.5pt 0 2.7pt">36,832,408<SUP>(<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">2</FONT>)</SUP></P></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-right: gray 1pt solid; border-bottom: gray 1pt solid; font: 10pt Times New Roman, Times, Serif; padding: 4.5pt 6pt 12pt; text-align: center"><B>9.</B></TD>
    <TD COLSPAN="3" STYLE="border-right: gray 1pt solid; border-bottom: gray 1pt solid; padding-right: 6pt; padding-left: 6pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 4.5pt 0 2.7pt">Sole Dispositive Power</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 4.5pt 0 2.7pt">18,086,059</P></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-right: gray 1pt solid; border-bottom: gray 1pt solid; font: 10pt Times New Roman, Times, Serif; padding: 4.5pt 6pt 12pt; text-align: center"><B>10.</B></TD>
    <TD COLSPAN="3" STYLE="border-right: gray 1pt solid; border-bottom: gray 1pt solid; padding-right: 6pt; padding-left: 6pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 4.5pt 0 2.7pt">Shared Dispositive Power</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 4.5pt 0 2.7pt">36,832,408</P></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-right: gray 1pt solid; border-bottom: gray 1pt solid; border-left: gray 1pt solid; font: 10pt Times New Roman, Times, Serif; padding: 4.5pt 6pt 12pt; text-align: center"><B>11.</B></TD>
    <TD COLSPAN="5" STYLE="border-right: gray 1pt solid; border-bottom: gray 1pt solid; padding-right: 6pt; padding-left: 6pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 4.5pt 0 2.7pt">Aggregate Amount Beneficially Owned by Each Reporting
        Person</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 4.5pt 0 2.7pt">54,918,467</P></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-right: gray 1pt solid; border-bottom: gray 1pt solid; border-left: gray 1pt solid; font: 10pt Times New Roman, Times, Serif; padding: 4.5pt 6pt 12pt; text-align: center"><B>12.</B></TD>
    <TD COLSPAN="3" STYLE="border-bottom: gray 1pt solid; font: 10pt Times New Roman, Times, Serif; padding-top: 4.5pt">&nbsp;&nbsp;&nbsp;Check if the Aggregate Amount in Row (11) Excludes Certain Shares (see instructions)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</TD>
    <TD STYLE="border-bottom: gray 1pt solid; font: 10pt Times New Roman, Times, Serif; padding-top: 4.5pt">&nbsp;</TD>
    <TD STYLE="border-right: gray 1pt solid; border-bottom: gray 1pt solid; font: 10pt Times New Roman, Times, Serif; padding-top: 4.5pt"><P STYLE="margin-top: 0; margin-bottom: 0">&#9744;</P></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-right: gray 1pt solid; border-bottom: gray 1pt solid; border-left: gray 1pt solid; font: 10pt Times New Roman, Times, Serif; padding: 4.5pt 6pt 12pt; text-align: center"><B>13.</B></TD>
    <TD COLSPAN="5" STYLE="border-right: gray 1pt solid; border-bottom: gray 1pt solid; padding-right: 6pt; padding-left: 6pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 4.5pt 0 2.7pt">Percent of Class Represented by Amount in Row (11)</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 4.5pt 0 2.7pt">11.76%</P></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-right: gray 1pt solid; border-bottom: gray 1pt solid; border-left: gray 1pt solid; font: 10pt Times New Roman, Times, Serif; padding: 4.5pt 6pt 12pt; text-align: center"><B>14.</B></TD>
    <TD COLSPAN="5" STYLE="border-right: gray 1pt solid; border-bottom: gray 1pt solid; padding-right: 6pt; padding-left: 6pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 4.5pt 0 0">Type of Reporting Person (see instructions)</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 4.5pt 0 2.7pt">IN</P></TD></TR>
<TR>
    <TD>&nbsp;</TD>
    <TD STYLE="width: 87px">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="width: 443px">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
</TABLE>
<HR ALIGN="LEFT" SIZE="1" STYLE="width: 33%">

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 6pt; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 15pt; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><SUP>1</SUP></FONT></TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">David Mart&iacute;nez exercises his rights over the Class B Shares (as defined in
Item 1 below) set forth in this line item indirectly through Fintech Advisory Inc. and Fintech Telecom, LLC.</TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 6pt; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 15pt; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><SUP>2</SUP></FONT></TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">David Mart&iacute;nez, together with Fintech Advisory Inc. and Fintech Telecom, LLC,
exercises his rights over the Class B Shares (as defined in Item 1 below) set forth in this line item indirectly through Sofora
Telecomunicaciones S.A. and other subsidiaries.</TD>
</TR></TABLE>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt">&nbsp;</P>

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    <TD COLSPAN="6" STYLE="border: gray 1pt solid; font: 10pt Times New Roman, Times, Serif; padding-top: 4.5pt; padding-bottom: 2.7pt"><BR CLEAR="ALL">
 <B>CUSIP No. 879273209</B></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-right: gray 1pt solid; border-bottom: gray 1pt solid; border-left: gray 1pt solid; font: 10pt Times New Roman, Times, Serif; padding: 4.5pt 6.1pt 12pt; text-align: center"><B>1.</B></TD>
    <TD COLSPAN="5" STYLE="border-right: gray 1pt solid; border-bottom: gray 1pt solid; padding-right: 6.1pt; padding-left: 6.1pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 4.5pt 0 2.7pt">Names of Reporting Persons.</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 4.5pt 0 2.7pt"><B>Fintech Advisory Inc. </B></P></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-right: gray 1pt solid; border-bottom: gray 1pt solid; border-left: gray 1pt solid; font: 10pt Times New Roman, Times, Serif; padding: 4.5pt 6.1pt 12pt; text-align: center"><B>2.</B></TD>
    <TD COLSPAN="3" STYLE="border-bottom: gray 1pt solid; padding-right: 6.1pt; padding-left: 6.1pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 4.5pt 0 0">Check the Appropriate Box if a Member of a Group (see instructions)</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 2.7pt">&nbsp;</P></TD>
    <TD STYLE="border-bottom: gray 1pt solid">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 4.5pt 0 2.7pt">(a)&nbsp;</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 4.5pt 0 2.7pt">(b)</P></TD>
    <TD STYLE="border-right: gray 1pt solid; border-bottom: gray 1pt solid">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 4.5pt 0 2.7pt">&#9744;</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 4.5pt 0 2.7pt">&#9746;</P></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-right: gray 1pt solid; border-bottom: gray 1pt solid; border-left: gray 1pt solid; font: 10pt Times New Roman, Times, Serif; padding: 4.5pt 6.1pt 12pt; text-align: center"><B>3.</B></TD>
    <TD COLSPAN="5" STYLE="border-right: gray 1pt solid; border-bottom: gray 1pt solid; font: 10pt Times New Roman, Times, Serif; padding-top: 4.5pt; padding-bottom: 2.7pt">&nbsp;&nbsp;&nbsp;SEC USE ONLY</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-right: gray 1pt solid; border-bottom: gray 1pt solid; border-left: gray 1pt solid; font: 10pt Times New Roman, Times, Serif; padding: 4.5pt 6.1pt 12pt; text-align: center"><B>4.</B></TD>
    <TD COLSPAN="5" STYLE="border-right: gray 1pt solid; border-bottom: gray 1pt solid; padding-right: 6.1pt; padding-left: 6.1pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 4.5pt 0 2.7pt">Source of Funds (see instructions)<B> </B></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 4.5pt 0 2.7pt">AF</P></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-right: gray 1pt solid; border-bottom: gray 1pt solid; border-left: gray 1pt solid; font: 10pt Times New Roman, Times, Serif; padding: 4.5pt 6.1pt 12pt; text-align: center"><B>5.</B></TD>
    <TD COLSPAN="3" STYLE="border-bottom: gray 1pt solid; font: 10pt Times New Roman, Times, Serif; padding-top: 4.5pt; padding-bottom: 2.7pt">&nbsp;&nbsp;&nbsp;Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</TD>
    <TD STYLE="border-bottom: gray 1pt solid; font: 10pt Times New Roman, Times, Serif; padding-top: 4.5pt; padding-bottom: 2.7pt">&nbsp;</TD>
    <TD STYLE="border-right: gray 1pt solid; border-bottom: gray 1pt solid; font: 10pt Times New Roman, Times, Serif; padding-top: 4.5pt; padding-bottom: 2.7pt">&#9744;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-right: gray 1pt solid; border-bottom: gray 1pt solid; border-left: gray 1pt solid; font: 10pt Times New Roman, Times, Serif; padding: 4.5pt 6.1pt 12pt; text-align: center"><B>6.</B></TD>
    <TD COLSPAN="5" STYLE="border-right: gray 1pt solid; border-bottom: gray 1pt solid; padding-right: 6.1pt; padding-left: 6.1pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 4.5pt 0 2.7pt">Citizenship or Place of Organization</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 4.5pt 0 2.7pt">Delaware</P></TD></TR>
<TR STYLE="vertical-align: top">
    <TD COLSPAN="2" ROWSPAN="4" STYLE="border-right: gray 1pt solid; border-bottom: gray 1pt solid; border-left: gray 1pt solid">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>Number of </B></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>Class B Shares Beneficially Owned by Each Reporting </B></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>Person with</B></P>
        <P STYLE="font: 10pt/161% Times New Roman, Times, Serif; margin: 0pt 0 12pt">&nbsp;</P></TD>
    <TD STYLE="border-right: gray 1pt solid; border-bottom: gray 1pt solid; font: 10pt Times New Roman, Times, Serif; padding: 4.5pt 6pt 12pt; text-align: center"><B>7.</B></TD>
    <TD COLSPAN="3" STYLE="border-right: gray 1pt solid; border-bottom: gray 1pt solid; padding-right: 6pt; padding-left: 6pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 4.5pt 0 2.7pt">Sole Voting Power</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 4.5pt 0 2.7pt">18,086,059<SUP>(<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">3</FONT>)</SUP></P></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-right: gray 1pt solid; border-bottom: gray 1pt solid; font: 10pt Times New Roman, Times, Serif; padding: 4.5pt 6pt 12pt; text-align: center"><B>8.</B></TD>
    <TD COLSPAN="3" STYLE="border-right: gray 1pt solid; border-bottom: gray 1pt solid; padding-right: 6pt; padding-left: 6pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 4.5pt 0 2.7pt">Shared Voting Power</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 4.5pt 0 2.7pt">36,832,408<SUP>(<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">4</FONT>)</SUP></P></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-right: gray 1pt solid; border-bottom: gray 1pt solid; font: 10pt Times New Roman, Times, Serif; padding: 4.5pt 6pt 12pt; text-align: center"><B>9.</B></TD>
    <TD COLSPAN="3" STYLE="border-right: gray 1pt solid; border-bottom: gray 1pt solid; padding-right: 6pt; padding-left: 6pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 4.5pt 0 2.7pt">Sole Dispositive Power</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 4.5pt 0 2.7pt">18,086,059</P></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-right: gray 1pt solid; border-bottom: gray 1pt solid; font: 10pt Times New Roman, Times, Serif; padding: 4.5pt 6pt 12pt; text-align: center"><B>10.</B></TD>
    <TD COLSPAN="3" STYLE="border-right: gray 1pt solid; border-bottom: gray 1pt solid; padding-right: 6pt; padding-left: 6pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 4.5pt 0 2.7pt">Shared Dispositive Power</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 4.5pt 0 2.7pt">36,832,408</P></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-right: gray 1pt solid; border-bottom: gray 1pt solid; border-left: gray 1pt solid; font: 10pt Times New Roman, Times, Serif; padding: 4.5pt 6pt 12pt; text-align: center"><B>11.</B></TD>
    <TD COLSPAN="5" STYLE="border-right: gray 1pt solid; border-bottom: gray 1pt solid; padding-right: 6pt; padding-left: 6pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 4.5pt 0 2.7pt">Aggregate Amount Beneficially Owned by Each Reporting
        Person</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 4.5pt 0 2.7pt">54,918,467</P></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-right: gray 1pt solid; border-bottom: gray 1pt solid; border-left: gray 1pt solid; font: 10pt Times New Roman, Times, Serif; padding: 4.5pt 6pt 12pt; text-align: center"><B>12.</B></TD>
    <TD COLSPAN="3" STYLE="border-bottom: gray 1pt solid; font: 10pt Times New Roman, Times, Serif; padding-top: 4.5pt">&nbsp;&nbsp;Check if the Aggregate Amount in Row (11) Excludes Certain Class B Shares (see instructions)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</TD>
    <TD STYLE="border-bottom: gray 1pt solid; font: 10pt Times New Roman, Times, Serif; padding-top: 4.5pt">&nbsp;</TD>
    <TD STYLE="border-right: gray 1pt solid; border-bottom: gray 1pt solid; font: 10pt Times New Roman, Times, Serif; padding-top: 4.5pt">&nbsp;&#9744;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-right: gray 1pt solid; border-bottom: gray 1pt solid; border-left: gray 1pt solid; font: 10pt Times New Roman, Times, Serif; padding: 4.5pt 6pt 12pt; text-align: center"><B>13.</B></TD>
    <TD COLSPAN="5" STYLE="border-right: gray 1pt solid; border-bottom: gray 1pt solid; padding-right: 6pt; padding-left: 6pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 4.5pt 0 2.7pt">Percent of Class Represented by Amount in Row (11)</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 4.5pt 0 2.7pt">11.76%</P></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-right: gray 1pt solid; border-bottom: gray 1pt solid; border-left: gray 1pt solid; font: 10pt Times New Roman, Times, Serif; padding: 4.5pt 6pt 12pt; text-align: center"><B>14.</B></TD>
    <TD COLSPAN="5" STYLE="border-right: gray 1pt solid; border-bottom: gray 1pt solid; padding-right: 6pt; padding-left: 6pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 4.5pt 0 0">Type of Reporting Person (see instructions)</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 4.5pt 0 2.7pt">HC, CO, IA</P></TD></TR>
<TR>
    <TD>&nbsp;</TD>
    <TD STYLE="width: 87px">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="width: 443px">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
</TABLE>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 6pt; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 15pt; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><SUP>3</SUP></FONT></TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">Fintech Advisory Inc. exercises its rights over the Class B Shares (as defined in
Item 1 below) set forth in this line item indirectly through Fintech Telecom, LLC.</TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 6pt; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 15pt; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><SUP>4</SUP></FONT></TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">Fintech Advisory Inc., together with David Mart&iacute;nez and Fintech Telecom, LLC,
exercises its rights over the Class B Shares (as defined in Item 1 below) set forth in this line item indirectly through Sofora
Telecomunicaciones S.A. and other subsidiaries.</TD>
</TR></TABLE>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt">&nbsp;</P>

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<TR STYLE="vertical-align: top">
    <TD COLSPAN="6" STYLE="border: gray 1pt solid; font: 10pt Times New Roman, Times, Serif; padding-top: 4.5pt; padding-bottom: 2.7pt"><B>CUSIP No. 879273209</B></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-right: gray 1pt solid; border-bottom: gray 1pt solid; border-left: gray 1pt solid; font: 10pt Times New Roman, Times, Serif; padding: 4.5pt 6.1pt 12pt; text-align: center"><B>1.</B></TD>
    <TD COLSPAN="5" STYLE="border-bottom: gray 1pt solid; border-right: gray 1pt solid; padding-right: 6.1pt; padding-left: 6.1pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 4.5pt 0 2.7pt">Names of Reporting Persons.</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 4.5pt 0 2.7pt"><B>Fintech Telecom, LLC</B></P></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-right: gray 1pt solid; border-bottom: gray 1pt solid; border-left: gray 1pt solid; font: 10pt Times New Roman, Times, Serif; padding: 4.5pt 6.1pt 12pt; text-align: center"><B>2.</B></TD>
    <TD COLSPAN="3" STYLE="border-bottom: gray 1pt solid; padding-right: 6.1pt; padding-left: 6.1pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 4.5pt 0 0">Check the Appropriate Box if a Member of a Group (see instructions)</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 2.7pt">&nbsp;</P></TD>
    <TD STYLE="border-bottom: gray 1pt solid">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 4.5pt 0 2.7pt">(a)&nbsp;</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 4.5pt 0 2.7pt">(b)</P></TD>
    <TD STYLE="border-right: gray 1pt solid; border-bottom: gray 1pt solid">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 4.5pt 0 2.7pt">&#9744;</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 4.5pt 0 2.7pt">&#9746;</P></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-right: gray 1pt solid; border-bottom: gray 1pt solid; border-left: gray 1pt solid; font: 10pt Times New Roman, Times, Serif; padding: 4.5pt 6.1pt 12pt; text-align: center"><B>3.</B></TD>
    <TD COLSPAN="5" STYLE="border-bottom: gray 1pt solid; font: 10pt Times New Roman, Times, Serif; border-right: gray 1pt solid; padding-top: 4.5pt; padding-bottom: 2.7pt">&nbsp;&nbsp;&nbsp;SEC USE ONLY</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-right: gray 1pt solid; border-bottom: gray 1pt solid; border-left: gray 1pt solid; font: 10pt Times New Roman, Times, Serif; padding: 4.5pt 6.1pt 12pt; text-align: center"><B>4.</B></TD>
    <TD COLSPAN="5" STYLE="border-bottom: gray 1pt solid; border-right: gray 1pt solid; padding-right: 6.1pt; padding-left: 6.1pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 4.5pt 0 2.7pt">Source of Funds (see instructions)<B> </B></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 4.5pt 0 2.7pt">AF</P></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-right: gray 1pt solid; border-bottom: gray 1pt solid; border-left: gray 1pt solid; font: 10pt Times New Roman, Times, Serif; padding: 4.5pt 6.1pt 12pt; text-align: center"><B>5.</B></TD>
    <TD COLSPAN="3" STYLE="border-bottom: gray 1pt solid; font: 10pt Times New Roman, Times, Serif; padding-top: 4.5pt; padding-bottom: 2.7pt">&nbsp;&nbsp;&nbsp;Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</TD>
    <TD STYLE="border-bottom: gray 1pt solid; font: 10pt Times New Roman, Times, Serif; padding-top: 4.5pt; padding-bottom: 2.7pt"></TD>
    <TD STYLE="border-right: gray 1pt solid; border-bottom: gray 1pt solid; font: 10pt Times New Roman, Times, Serif; padding-top: 4.5pt; padding-bottom: 2.7pt">&#9744;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-right: gray 1pt solid; border-bottom: gray 1pt solid; border-left: gray 1pt solid; font: 10pt Times New Roman, Times, Serif; padding: 4.5pt 6.1pt 12pt; text-align: center"><B>6.</B></TD>
    <TD COLSPAN="5" STYLE="border-bottom: gray 1pt solid; border-right: gray 1pt solid; padding-right: 6.1pt; padding-left: 6.1pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 4.5pt 0 2.7pt">Citizenship or Place of Organization</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 4.5pt 0 2.7pt">Delaware</P></TD></TR>
<TR STYLE="vertical-align: top">
    <TD COLSPAN="2" ROWSPAN="4" STYLE="border-right: gray 1pt solid; border-bottom: gray 1pt solid; border-left: gray 1pt solid">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>Number of </B></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>Class B Shares Beneficially Owned by Each Reporting </B></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>Person with</B></P>
        <P STYLE="font: 10pt/161% Times New Roman, Times, Serif; margin: 0pt 0 12pt">&nbsp;</P></TD>
    <TD STYLE="border-right: gray 1pt solid; border-bottom: gray 1pt solid; font: 10pt Times New Roman, Times, Serif; padding: 4.5pt 6pt 12pt; text-align: center"><B>7.</B></TD>
    <TD COLSPAN="3" STYLE="border-right: gray 1pt solid; border-bottom: gray 1pt solid; padding-right: 6pt; padding-left: 6pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 4.5pt 0 2.7pt">Sole Voting Power</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 4.5pt 0 2.7pt">18,086,059</P></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-right: gray 1pt solid; border-bottom: gray 1pt solid; font: 10pt Times New Roman, Times, Serif; padding: 4.5pt 6pt 12pt; text-align: center"><B>8.</B></TD>
    <TD COLSPAN="3" STYLE="border-right: gray 1pt solid; border-bottom: gray 1pt solid; padding-right: 6pt; padding-left: 6pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 4.5pt 0 2.7pt">Shared Voting Power</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 4.5pt 0 2.7pt">36,832,408<SUP>(<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">5</FONT>)</SUP></P></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-right: gray 1pt solid; border-bottom: gray 1pt solid; font: 10pt Times New Roman, Times, Serif; padding: 4.5pt 6pt 12pt; text-align: center"><B>9.</B></TD>
    <TD COLSPAN="3" STYLE="border-right: gray 1pt solid; border-bottom: gray 1pt solid; padding-right: 6pt; padding-left: 6pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 4.5pt 0 2.7pt">Sole Dispositive Power</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 4.5pt 0 2.7pt">18,086,059</P></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-right: gray 1pt solid; border-bottom: gray 1pt solid; font: 10pt Times New Roman, Times, Serif; padding: 4.5pt 6pt 12pt; text-align: center"><B>10.</B></TD>
    <TD COLSPAN="3" STYLE="border-right: gray 1pt solid; border-bottom: gray 1pt solid; padding-right: 6pt; padding-left: 6pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 4.5pt 0 2.7pt">Shared Dispositive Power</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 4.5pt 0 2.7pt">36,832,408</P></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-right: gray 1pt solid; border-bottom: gray 1pt solid; border-left: gray 1pt solid; font: 10pt Times New Roman, Times, Serif; padding: 4.5pt 6pt 12pt; text-align: center"><B>11.</B></TD>
    <TD COLSPAN="5" STYLE="border-bottom: gray 1pt solid; border-right: gray 1pt solid; padding-right: 6pt; padding-left: 6pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 4.5pt 0 2.7pt">Aggregate Amount Beneficially Owned by Each Reporting
        Person</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 4.5pt 0 2.7pt">54,918,467</P></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-right: gray 1pt solid; border-bottom: gray 1pt solid; border-left: gray 1pt solid; font: 10pt Times New Roman, Times, Serif; padding: 4.5pt 6pt 12pt; text-align: center"><B>12.</B></TD>
    <TD COLSPAN="3" STYLE="border-bottom: gray 1pt solid; font: 10pt Times New Roman, Times, Serif; padding-top: 4.5pt">&nbsp;&nbsp;Check if the Aggregate Amount in Row (11) Excludes Certain Class B Shares (see instructions)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</TD>
    <TD STYLE="border-bottom: gray 1pt solid; font: 10pt Times New Roman, Times, Serif; padding-top: 4.5pt">&nbsp;</TD>
    <TD STYLE="border-right: gray 1pt solid; border-bottom: gray 1pt solid; font: 10pt Times New Roman, Times, Serif; padding-top: 4.5pt">&#9744;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-right: gray 1pt solid; border-bottom: gray 1pt solid; border-left: gray 1pt solid; font: 10pt Times New Roman, Times, Serif; padding: 4.5pt 6pt 12pt; text-align: center"><B>13.</B></TD>
    <TD COLSPAN="5" STYLE="border-bottom: gray 1pt solid; border-right: gray 1pt solid; padding-right: 6pt; padding-left: 6pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 4.5pt 0 2.7pt">Percent of Class Represented by Amount in Row (11)</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 4.5pt 0 2.7pt">11.76%</P></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-right: gray 1pt solid; border-bottom: gray 1pt solid; border-left: gray 1pt solid; font: 10pt Times New Roman, Times, Serif; padding: 4.5pt 6pt 12pt; text-align: center"><B>14.</B></TD>
    <TD COLSPAN="5" STYLE="border-bottom: gray 1pt solid; border-right: gray 1pt solid; padding-right: 6pt; padding-left: 6pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 4.5pt 0 0">Type of Reporting Person (see instructions)</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 4.5pt 0 2.7pt">HC</P></TD></TR>
<TR>
    <TD>&nbsp;</TD>
    <TD STYLE="width: 87px">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="width: 443px">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
</TABLE>
<HR ALIGN="LEFT" SIZE="1" STYLE="width: 33%">

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 6pt; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 15pt; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><SUP>5</SUP></FONT></TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">Fintech Telecom LLC, together with David Mart&iacute;nez and Fintech Advisory Inc.,
exercises its rights over the Class B Shares (as defined in Item 1 below) set forth in this line item indirectly through Sofora
Telecomunicaciones S.A. and other subsidiaries.</TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt">&nbsp;</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD COLSPAN="6" STYLE="border: gray 1pt solid; font: 10pt Times New Roman, Times, Serif; padding-top: 4.5pt; padding-bottom: 2.7pt"><B>CUSIP No. 879273209</B></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-right: gray 1pt solid; border-bottom: gray 1pt solid; border-left: gray 1pt solid; font: 10pt Times New Roman, Times, Serif; padding: 4.5pt 6.1pt 12pt; text-align: center"><B>1.</B></TD>
    <TD COLSPAN="5" STYLE="border-right: gray 1pt solid; border-bottom: gray 1pt solid; padding-right: 6.1pt; padding-left: 6.1pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 4.5pt 0 2.7pt">Names of Reporting Persons</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt"><B>Sofora Telecomunicaciones S.A.</B></P></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-right: gray 1pt solid; border-bottom: gray 1pt solid; border-left: gray 1pt solid; font: 10pt Times New Roman, Times, Serif; padding: 4.5pt 6.1pt 12pt; text-align: center"><B>2.</B></TD>
    <TD COLSPAN="3" STYLE="border-bottom: gray 1pt solid; padding-right: 6.1pt; padding-left: 6.1pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 4.5pt 0 0">Check the Appropriate Box if a Member of a Group (see instructions)</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 2.7pt">&nbsp;</P></TD>
    <TD STYLE="border-bottom: gray 1pt solid">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 4.5pt 0 2.7pt">(a)&nbsp;</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 4.5pt 0 2.7pt">(b)</P></TD>
    <TD STYLE="border-right: gray 1pt solid; border-bottom: gray 1pt solid">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 4.5pt 0 2.7pt">&#9744;</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 4.5pt 0 2.7pt">&#9746;</P></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-right: gray 1pt solid; border-bottom: gray 1pt solid; border-left: gray 1pt solid; font: 10pt Times New Roman, Times, Serif; padding: 4.5pt 6.1pt 12pt; text-align: center"><B>3.</B></TD>
    <TD COLSPAN="5" STYLE="border-right: gray 1pt solid; border-bottom: gray 1pt solid; font: 10pt Times New Roman, Times, Serif; padding-top: 4.5pt; padding-bottom: 2.7pt">&nbsp;&nbsp;&nbsp;SEC USE ONLY</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-right: gray 1pt solid; border-bottom: gray 1pt solid; border-left: gray 1pt solid; font: 10pt Times New Roman, Times, Serif; padding: 4.5pt 6.1pt 12pt; text-align: center"><B>4.</B></TD>
    <TD COLSPAN="5" STYLE="border-right: gray 1pt solid; border-bottom: gray 1pt solid; padding-right: 6.1pt; padding-left: 6.1pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 4.5pt 0 2.7pt">Source of Funds (see instructions)<B> </B></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 4.5pt 0 2.7pt">N/A</P></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-right: gray 1pt solid; border-bottom: gray 1pt solid; border-left: gray 1pt solid; font: 10pt Times New Roman, Times, Serif; padding: 4.5pt 6.1pt 12pt; text-align: center"><B>5.</B></TD>
    <TD COLSPAN="3" STYLE="border-bottom: gray 1pt solid; font: 10pt Times New Roman, Times, Serif; padding-top: 4.5pt; padding-bottom: 2.7pt">&nbsp;&nbsp;&nbsp;Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</TD>
    <TD STYLE="border-bottom: gray 1pt solid; font: 10pt Times New Roman, Times, Serif; padding-top: 4.5pt; padding-bottom: 2.7pt">&nbsp;</TD>
    <TD STYLE="border-right: gray 1pt solid; border-bottom: gray 1pt solid; font: 10pt Times New Roman, Times, Serif; padding-top: 4.5pt; padding-bottom: 2.7pt">&#9744;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-right: gray 1pt solid; border-bottom: gray 1pt solid; border-left: gray 1pt solid; font: 10pt Times New Roman, Times, Serif; padding: 4.5pt 6.1pt 12pt; text-align: center"><B>6.</B></TD>
    <TD COLSPAN="5" STYLE="border-right: gray 1pt solid; border-bottom: gray 1pt solid; padding-right: 6.1pt; padding-left: 6.1pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 4.5pt 0 2.7pt">Citizenship or Place of Organization</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt">Argentina</P></TD></TR>
<TR STYLE="vertical-align: top">
    <TD COLSPAN="2" ROWSPAN="4" STYLE="border-right: gray 1pt solid; border-bottom: gray 1pt solid; border-left: gray 1pt solid">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>Number of </B></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>Class B Shares Beneficially Owned by Each Reporting </B></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>Person with</B></P>
        <P STYLE="font: 10pt/161% Times New Roman, Times, Serif; margin: 0pt 0 12pt">&nbsp;</P></TD>
    <TD STYLE="border-right: gray 1pt solid; border-bottom: gray 1pt solid; font: 10pt Times New Roman, Times, Serif; padding: 4.5pt 6pt 12pt; text-align: center"><B>7.</B></TD>
    <TD COLSPAN="3" STYLE="border-right: gray 1pt solid; border-bottom: gray 1pt solid; padding-right: 6pt; padding-left: 6pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 4.5pt 0 2.7pt">Sole Voting Power</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt"><B>&nbsp;</B></P></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-right: gray 1pt solid; border-bottom: gray 1pt solid; font: 10pt Times New Roman, Times, Serif; padding: 4.5pt 6pt 12pt; text-align: center"><B>8.</B></TD>
    <TD COLSPAN="3" STYLE="border-right: gray 1pt solid; border-bottom: gray 1pt solid; padding-right: 6pt; padding-left: 6pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 4.5pt 0 2.7pt">Shared Voting Power</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 4.5pt 0 2.7pt">36,832,408<SUP>(<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">6</FONT>)</SUP></P></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-right: gray 1pt solid; border-bottom: gray 1pt solid; font: 10pt Times New Roman, Times, Serif; padding: 4.5pt 6pt 12pt; text-align: center"><B>9.</B></TD>
    <TD COLSPAN="3" STYLE="border-right: gray 1pt solid; border-bottom: gray 1pt solid; padding-right: 6pt; padding-left: 6pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 4.5pt 0 2.7pt">Sole Dispositive Power</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 4.5pt 0 2.7pt">&nbsp;</P></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-right: gray 1pt solid; border-bottom: gray 1pt solid; font: 10pt Times New Roman, Times, Serif; padding: 4.5pt 6pt 12pt; text-align: center"><B>10.</B></TD>
    <TD COLSPAN="3" STYLE="border-right: gray 1pt solid; border-bottom: gray 1pt solid; padding-right: 6pt; padding-left: 6pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 4.5pt 0 2.7pt">Shared Dispositive Power</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 4.5pt 0 2.7pt">36,832,408</P></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-right: gray 1pt solid; border-bottom: gray 1pt solid; border-left: gray 1pt solid; font: 10pt Times New Roman, Times, Serif; padding: 4.5pt 6pt 12pt; text-align: center"><B>11.</B></TD>
    <TD COLSPAN="5" STYLE="border-right: gray 1pt solid; border-bottom: gray 1pt solid; padding-right: 6pt; padding-left: 6pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 4.5pt 0 2.7pt">Aggregate Amount Beneficially Owned by Each Reporting
        Person</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 4.5pt 0 2.7pt">36,832,408</P></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-right: gray 1pt solid; border-bottom: gray 1pt solid; border-left: gray 1pt solid; font: 10pt Times New Roman, Times, Serif; padding: 4.5pt 6pt 12pt; text-align: center"><B>12.</B></TD>
    <TD COLSPAN="3" STYLE="border-bottom: gray 1pt solid; font: 10pt Times New Roman, Times, Serif; padding-top: 4.5pt">&nbsp;&nbsp;&nbsp;Check if the Aggregate Amount in Row (11) Excludes Certain Shares (see instructions)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</TD>
    <TD STYLE="border-bottom: gray 1pt solid; font: 10pt Times New Roman, Times, Serif; padding-top: 4.5pt">&nbsp;</TD>
    <TD STYLE="border-right: gray 1pt solid; border-bottom: gray 1pt solid; font: 10pt Times New Roman, Times, Serif; padding-top: 4.5pt">&#9744;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-right: gray 1pt solid; border-bottom: gray 1pt solid; border-left: gray 1pt solid; font: 10pt Times New Roman, Times, Serif; padding: 4.5pt 6pt 12pt; text-align: center"><B>13.</B></TD>
    <TD COLSPAN="5" STYLE="border-right: gray 1pt solid; border-bottom: gray 1pt solid; padding-right: 6pt; padding-left: 6pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 4.5pt 0 2.7pt">Percent of Class Represented by Amount in Row (11)</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt">7.89%</P></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-right: gray 1pt solid; border-bottom: gray 1pt solid; border-left: gray 1pt solid; font: 10pt Times New Roman, Times, Serif; padding: 4.5pt 6pt 12pt; text-align: center"><B>14.</B></TD>
    <TD COLSPAN="5" STYLE="border-right: gray 1pt solid; border-bottom: gray 1pt solid; padding-right: 6pt; padding-left: 6pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 4.5pt 0 0">Type of Reporting Person (see instructions)</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt">HC, CO</P></TD></TR>
<TR>
    <TD>&nbsp;</TD>
    <TD STYLE="width: 87px">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="width: 443px">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>
<HR ALIGN="LEFT" SIZE="1" STYLE="width: 33%">

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 6pt; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 15pt; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><SUP>6</SUP></FONT></TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">Sofora Telecomunicaciones S.A. exercises its rights over the Shares (as defined in
Item 1. below) through its participation in Nortel Inversora S.A.</TD>
</TR></TABLE>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD COLSPAN="6" STYLE="border: gray 1pt solid; font: 10pt Times New Roman, Times, Serif; padding-top: 4.5pt; padding-bottom: 2.7pt"><B>CUSIP No. 879273209</B></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-right: gray 1pt solid; border-bottom: gray 1pt solid; border-left: gray 1pt solid; font: 10pt Times New Roman, Times, Serif; padding: 4.5pt 6.1pt 12pt; text-align: center"><B>1.</B></TD>
    <TD COLSPAN="5" STYLE="border-right: gray 1pt solid; border-bottom: gray 1pt solid; padding-right: 6.1pt; padding-left: 6.1pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 4.5pt 0 2.7pt">Names of Reporting Persons</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt"><B>Nortel Inversora S.A.</B></P></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-right: gray 1pt solid; border-bottom: gray 1pt solid; border-left: gray 1pt solid; font: 10pt Times New Roman, Times, Serif; padding: 4.5pt 6.1pt 12pt; text-align: center"><B>2.</B></TD>
    <TD COLSPAN="3" STYLE="border-bottom: gray 1pt solid; padding-right: 6.1pt; padding-left: 6.1pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 4.5pt 0 0">Check the Appropriate Box if a Member of a Group (see instructions)</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 2.7pt">&nbsp;</P></TD>
    <TD STYLE="border-bottom: gray 1pt solid">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 4.5pt 0 2.7pt">(a)&nbsp;</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 4.5pt 0 2.7pt">(b)</P></TD>
    <TD STYLE="border-right: gray 1pt solid; border-bottom: gray 1pt solid">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 4.5pt 0 2.7pt">&#9744;</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 4.5pt 0 2.7pt">&#9746;</P></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-right: gray 1pt solid; border-bottom: gray 1pt solid; border-left: gray 1pt solid; font: 10pt Times New Roman, Times, Serif; padding: 4.5pt 6.1pt 12pt; text-align: center"><B>3.</B></TD>
    <TD COLSPAN="5" STYLE="border-right: gray 1pt solid; border-bottom: gray 1pt solid; font: 10pt Times New Roman, Times, Serif; padding-top: 4.5pt; padding-bottom: 2.7pt">&nbsp;&nbsp;&nbsp;SEC USE ONLY</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-right: gray 1pt solid; border-bottom: gray 1pt solid; border-left: gray 1pt solid; font: 10pt Times New Roman, Times, Serif; padding: 4.5pt 6.1pt 12pt; text-align: center"><B>4.</B></TD>
    <TD COLSPAN="5" STYLE="border-right: gray 1pt solid; border-bottom: gray 1pt solid; padding-right: 6.1pt; padding-left: 6.1pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 4.5pt 0 2.7pt">Source of Funds (see instructions)</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 4.5pt 0 2.7pt">N/A</P></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-right: gray 1pt solid; border-bottom: gray 1pt solid; border-left: gray 1pt solid; font: 10pt Times New Roman, Times, Serif; padding: 4.5pt 6.1pt 12pt; text-align: center"><B>5.</B></TD>
    <TD COLSPAN="3" STYLE="border-bottom: gray 1pt solid; font: 10pt Times New Roman, Times, Serif; padding-top: 4.5pt; padding-bottom: 2.7pt">&nbsp;&nbsp;&nbsp;Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</TD>
    <TD STYLE="border-bottom: gray 1pt solid; font: 10pt Times New Roman, Times, Serif; padding-top: 4.5pt; padding-bottom: 2.7pt; text-align: right"></TD>
    <TD STYLE="border-right: gray 1pt solid; border-bottom: gray 1pt solid; font: 10pt Times New Roman, Times, Serif; padding-top: 4.5pt; padding-bottom: 2.7pt">&#9744;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-right: gray 1pt solid; border-bottom: gray 1pt solid; border-left: gray 1pt solid; font: 10pt Times New Roman, Times, Serif; padding: 4.5pt 6.1pt 12pt; text-align: center"><B>6.</B></TD>
    <TD COLSPAN="5" STYLE="border-right: gray 1pt solid; border-bottom: gray 1pt solid; padding-right: 6.1pt; padding-left: 6.1pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 4.5pt 0 2.7pt">Citizenship or Place of Organization</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 4.5pt 0 2.7pt">Argentina</P></TD></TR>
<TR STYLE="vertical-align: top">
    <TD COLSPAN="2" ROWSPAN="4" STYLE="border-right: gray 1pt solid; border-bottom: gray 1pt solid; border-left: gray 1pt solid">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>Number of </B></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>Class B Shares Beneficially Owned by Each Reporting </B></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>Person with</B></P>
        <P STYLE="font: 10pt/161% Times New Roman, Times, Serif; margin: 0pt 0 12pt">&nbsp;</P></TD>
    <TD STYLE="border-right: gray 1pt solid; border-bottom: gray 1pt solid; font: 10pt Times New Roman, Times, Serif; padding: 4.5pt 6pt 12pt; text-align: center"><B>7.</B></TD>
    <TD COLSPAN="3" STYLE="border-right: gray 1pt solid; border-bottom: gray 1pt solid; padding-right: 6pt; padding-left: 6pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 4.5pt 0 2.7pt">Sole Voting Power</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt">36,832,408</P></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-right: gray 1pt solid; border-bottom: gray 1pt solid; font: 10pt Times New Roman, Times, Serif; padding: 4.5pt 6pt 12pt; text-align: center"><B>8.</B></TD>
    <TD COLSPAN="3" STYLE="border-right: gray 1pt solid; border-bottom: gray 1pt solid; padding-right: 6pt; padding-left: 6pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 4.5pt 0 2.7pt">Shared Voting Power</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 4.5pt 0 2.7pt">&nbsp;</P></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-right: gray 1pt solid; border-bottom: gray 1pt solid; font: 10pt Times New Roman, Times, Serif; padding: 4.5pt 6pt 12pt; text-align: center"><B>9.</B></TD>
    <TD COLSPAN="3" STYLE="border-right: gray 1pt solid; border-bottom: gray 1pt solid; padding-right: 6pt; padding-left: 6pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 4.5pt 0 2.7pt">Sole Dispositive Power</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt">36,832,408</P></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-right: gray 1pt solid; border-bottom: gray 1pt solid; font: 10pt Times New Roman, Times, Serif; padding: 4.5pt 6pt 12pt; text-align: center"><B>10.</B></TD>
    <TD COLSPAN="3" STYLE="border-right: gray 1pt solid; border-bottom: gray 1pt solid; padding-right: 6pt; padding-left: 6pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 4.5pt 0 2.7pt">Shared Dispositive Power</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 4.5pt 0 2.7pt">&nbsp;</P></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-right: gray 1pt solid; border-bottom: gray 1pt solid; border-left: gray 1pt solid; font: 10pt Times New Roman, Times, Serif; padding: 4.5pt 6pt 12pt; text-align: center"><B>11.</B></TD>
    <TD COLSPAN="5" STYLE="border-right: gray 1pt solid; border-bottom: gray 1pt solid; padding-right: 6pt; padding-left: 6pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 4.5pt 0 2.7pt">Aggregate Amount Beneficially Owned by Each Reporting
        Person</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt">36,832,408</P></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-right: gray 1pt solid; border-bottom: gray 1pt solid; border-left: gray 1pt solid; font: 10pt Times New Roman, Times, Serif; padding: 4.5pt 6pt 12pt; text-align: center"><B>12.</B></TD>
    <TD COLSPAN="3" STYLE="border-bottom: gray 1pt solid; font: 10pt Times New Roman, Times, Serif; padding-top: 4.5pt">&nbsp;&nbsp;&nbsp;Check if the Aggregate Amount in Row (11) Excludes Certain Shares (see instructions)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</TD>
    <TD STYLE="border-bottom: gray 1pt solid; font: 10pt Times New Roman, Times, Serif; padding-top: 4.5pt; text-align: right"></TD>
    <TD STYLE="border-right: gray 1pt solid; border-bottom: gray 1pt solid; font: 10pt Times New Roman, Times, Serif; padding-top: 4.5pt">&nbsp;&#9744;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-right: gray 1pt solid; border-bottom: gray 1pt solid; border-left: gray 1pt solid; font: 10pt Times New Roman, Times, Serif; padding: 4.5pt 6pt 12pt; text-align: center"><B>13.</B></TD>
    <TD COLSPAN="5" STYLE="border-right: gray 1pt solid; border-bottom: gray 1pt solid; padding-right: 6pt; padding-left: 6pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 4.5pt 0 2.7pt">Percent of Class Represented by Amount in Row (11)</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt">7.89%</P></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-right: gray 1pt solid; border-bottom: gray 1pt solid; border-left: gray 1pt solid; font: 10pt Times New Roman, Times, Serif; padding: 4.5pt 6pt 12pt; text-align: center"><B>14.</B></TD>
    <TD COLSPAN="5" STYLE="border-right: gray 1pt solid; border-bottom: gray 1pt solid; padding-right: 6pt; padding-left: 6pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 4.5pt 0 0">Type of Reporting Person (see instructions)</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt">HC, CO</P></TD></TR>
<TR>
    <TD>&nbsp;</TD>
    <TD STYLE="width: 87px">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="width: 443px">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
</TABLE>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt">&nbsp;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 12pt"><I>Item 1.&nbsp;&nbsp;Security and Issuer</I></P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-indent: 0.5in"><FONT STYLE="font-weight: normal">This
Amendment No. 3 (the &ldquo;</FONT>Third Amendment<FONT STYLE="font-weight: normal">&rdquo;) amends the Schedule 13D filed with
the Securities and Exchange Commission (the &ldquo;</FONT>SEC<FONT STYLE="font-weight: normal">&rdquo;) on March 18, 2016, as subsequently
amended (the &ldquo;</FONT>Schedule 13D<FONT STYLE="font-weight: normal">&rdquo;) by the Reporting Persons, with respect to the
Class B shares, Ps. 1.00 par value per share (the &ldquo;</FONT>Class B Shares<FONT STYLE="font-weight: normal">&rdquo;), of Telecom
Argentina S.A. (the &ldquo;</FONT>Issuer<FONT STYLE="font-weight: normal">&rdquo;). Capitalized terms used but not otherwise defined
in this Third Amendment have the meanings ascribed to such terms in the Schedule 13D.</FONT></P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 12pt"><I>Item 4.&nbsp;&nbsp;Purpose of Transaction</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-indent: 0.5in">The eighth paragraph of Item 4 is amended
and restated in its entirety as set forth below:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-indent: 0.5in">On February 24, 2016, FTL filed a pre-commencement
communication under cover of Schedule TO, announcing a possible U.S. tender offer by FTL for all or a portion of the Class B Shares.
Included as an exhibit to the filing was an English translation of the notice regarding the mandatory tender offer that was filed
in Argentina on the same date. On July 22, 2016, FTL filed a combined Schedule TO and Schedule 13E-3 with the SEC, which included
a draft Offer to Purchase. On August 19, 2016, David Mart&iacute;nez, FAI and FTL filed an amendment to the combined Schedule TO
and Schedule 13E-3 with the SEC.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-indent: 0.5in">FTL issued a press release on
September 14, 2016 in Argentina announcing the OPA, incorporated by reference herein as Exhibit 17. On September 15, 2016,
David Mart&iacute;nez, FAI and FTL filed a second amendment to the combined Schedule TO and Schedule 13E-3 with the SEC,
which included an amendment to the Offer to Purchase, incorporated by reference herein as Exhibit 18. On September 15, 2016,
FTL commenced the OPA and the Bidders commenced the U.S. tender offer.<B> </B></P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 12pt"><I>Item 5.&nbsp;&nbsp;Interest in Securities of the
Issuer</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-indent: 0.5in">(a) As of the date of this filing, the
Reporting Persons have the following direct beneficial ownership interests in the Class B Shares.</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse">
<TR>
    <TD STYLE="vertical-align: bottom; font: 10pt Times New Roman, Times, Serif; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt">
        <P STYLE="font: 10pt/14pt Times New Roman, Times, Serif; margin: 0; text-align: center; border-bottom: Black 0.75pt solid"><B>Directly
        Owned<SUP>(1)</SUP></B></P></TD>
    <TD COLSPAN="2" STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt">
        <P STYLE="font: 10pt/14pt Times New Roman, Times, Serif; margin: 0; text-align: center; border-bottom: Black 0.75pt solid"><B>Indirectly
        Owned</B></P></TD>
    <TD COLSPAN="2" STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt">
        <P STYLE="font: 10pt/14pt Times New Roman, Times, Serif; margin: 0; text-align: center; border-bottom: Black 0.75pt solid"><B>Directly
        and Indirectly Owned</B></P></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 22%; padding-right: 5.4pt; padding-left: 5.4pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="width: 13%; padding-right: 5.4pt; padding-left: 5.4pt">
        <P STYLE="font: 10pt/14pt Times New Roman, Times, Serif; margin: 0; text-align: center; border-bottom: Black 0.75pt solid"><B>Number<SUP>
        </SUP></B></P></TD>
    <TD STYLE="width: 13%; padding-right: 5.4pt; padding-left: 5.4pt">
        <P STYLE="font: 10pt/14pt Times New Roman, Times, Serif; margin: 0; text-align: center; border-bottom: Black 0.75pt solid"><B>%
        of Class</B></P></TD>
    <TD STYLE="width: 13%; padding-right: 5.4pt; padding-left: 5.4pt">
        <P STYLE="font: 10pt/14pt Times New Roman, Times, Serif; margin: 0; text-align: center; border-bottom: Black 0.75pt solid"><B>Number<SUP>
        </SUP></B></P></TD>
    <TD STYLE="width: 13%; padding-right: 5.4pt; padding-left: 5.4pt">
        <P STYLE="font: 10pt/14pt Times New Roman, Times, Serif; margin: 0; text-align: center; border-bottom: Black 0.75pt solid"><B>%
        of Class</B></P></TD>
    <TD STYLE="width: 13%; padding-right: 5.4pt; padding-left: 5.4pt">
        <P STYLE="font: 10pt/14pt Times New Roman, Times, Serif; margin: 0; text-align: center; border-bottom: Black 0.75pt solid"><B>Number<SUP>
        </SUP></B></P></TD>
    <TD STYLE="width: 13%; padding-right: 5.4pt; padding-left: 5.4pt">
        <P STYLE="font: 10pt/14pt Times New Roman, Times, Serif; margin: 0; text-align: center; border-bottom: Black 0.75pt solid"><B>%
        of Class</B></P></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-right: 5.4pt; padding-left: 5.4pt"><B>David Mart&iacute;nez<SUP>(2)</SUP>&#9;</B></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">0</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">0%</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">54,918,467</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">11.76%</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><B>54,918,467</B></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><B>11.76%</B></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-right: 5.4pt; padding-left: 5.4pt"><B>FAI<SUP>(3)</SUP>&#9;</B></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">0</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">0%</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">54,918,467</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">11.76%</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><B>54,918,467</B></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><B>11.76%</B></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-right: 5.4pt; padding-left: 5.4pt"><B>FTL<SUP>(4)</SUP>&#9;</B></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">18,086,059</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">3.87%</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">36,832,408</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">7.89%</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><B>54,918,467</B></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><B>11.76%</B></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-right: 5.4pt; padding-left: 5.4pt"><B>Sofora<SUP>(5)</SUP>&#9;</B></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">0</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">0%</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">36,832,408</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">7.89%</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><B>36,832,408</B></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><B>7.89%</B></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-right: 5.4pt; padding-left: 5.4pt"><B>Nortel<SUP>(6)</SUP>&#9;</B></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">36,832,408</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">7.89%</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">0</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">0%</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><B>36,832,408</B></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><B>7.89%</B></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-indent: 0.5in">(1) All percentages are based on 466,858,524
Class B Shares (excluding treasury shares).</P>

<P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-indent: 0.5in">(2) David Mart&iacute;nez is the
sole shareholder of FAI. FTL is a wholly-owned subsidiary of FAI. FTL is a wholly-owned subsidiary of FTL. Consequently,
David Mart&iacute;nez may be deemed to indirectly beneficially own all Class B Shares beneficially owned, directly and
indirectly, by FTL.</P>

<P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-indent: 0.5in">(3) FTL is a wholly-owned subsidiary of
FAI. Consequently, FAI may be deemed to indirectly beneficially own all Class B Shares beneficially owned, directly and indirectly,
by FTL.</P>

<P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-indent: 0.5in">(4) FTL directly beneficially owns 68%
of Sofora&rsquo;s capital stock and thus may be deemed to indirectly beneficially own all of the Class B Shares indirectly beneficially
owned by Sofora.</P>

<P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-indent: 0.5in">(5) Sofora owns 5,330,400 ordinary shares
of Nortel, representing 100% of the Nortel ordinary stock and 78.38% of the Nortel capital stock. The outstanding Class B preferred
shares of Nortel represent respectively 21.62% of the capital stock of Nortel. The ordinary shares are the only class of full voting
stock. The Class B preferred shares have no voting rights and the American Depositary Receipts representing them are listed on
the NYSE. Sofora does not own any such Class B preferred shares of Nortel.&nbsp; Consequently, Sofora may be deemed to indirectly
beneficially own all of the Class B Shares directly beneficially owned by Nortel.</P>

<P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-indent: 0.5in">(6) Nortel owns 502,034,299 Class A ordinary
shares of the Issuer (representing 100% of this class and 51% of the Issuer&rsquo;s total capital stock) and 36,832,408 Class B
ordinary shares of the Issuer (representing approximately 7.89% of this class and 3.74% of the Issuer&rsquo;s total capital stock).
In aggregate Nortel owns 538,866,707 ordinary shares, representing approximately 54.74% of the capital stock and of the voting
power of the Issuer.</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-indent: 0.5in">(b) FTL has the sole power to vote, dispose
and direct the disposition of the Class B Shares directly beneficially owned by it (the &ldquo;<B>FTL-Owned Class B Shares</B>&rdquo;).
FAI exercises its rights over the FTL-Owned Class B Shares indirectly through FTL, and David Mart&iacute;nez exercises his rights
over the FTL-Owned Class B Shares indirectly through FAI and FTL. Nortel has the sole power to vote, dispose and direct the disposition
of the Class B Shares directly beneficially owned by it (the &ldquo;<B>Nortel-Owned Class B Shares</B>&rdquo;). Sofora exercises
its rights over the Nortel-Owned Class B Shares indirectly through Nortel, FTL exercises its rights over the Nortel-Owned Class
B Shares indirectly through Sofora and Nortel, FAI exercises its rights over the Nortel-Owned Class B Shares indirectly through
FTL, Sofora and Nortel and David Mart&iacute;nez exercises his rights over the Nortel-Owned Class B Shares indirectly through FAI,
FTL Sofora and Nortel.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-indent: 0.5in">(c) No transactions in Class B Shares
were effected by the Reporting Persons during the 60 day period ended September 15, 2016.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-indent: 0.5in">(d) Pursuant to the Master
Financing Agreement, FIL indirectly provided financing to FTL in connection with the transactions described herein. This
financing interest is limited to the economic interest in the equity of FTL (and, indirectly, in the Issuer), and does not
provide FIL with voting or disposition control in respect of FTL (or, indirectly, the Issuer).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-indent: 0.5in">(e) Inapplicable.</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B><I>Item 7. Material to Be Filed as Exhibits</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B><I>&nbsp;</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">Item&nbsp;7 of the Schedule&nbsp;13D is hereby
amended and restated to include the following exhibits:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 12%; padding-right: 5.4pt; padding-bottom: 12pt; padding-left: 5.4pt; font: 10pt Times New Roman, Times, Serif; text-decoration: underline"><U>Exhibit Number</U></TD>
    <TD STYLE="width: 88%; padding-right: 5.4pt; padding-bottom: 12pt; padding-left: 5.4pt; font: 10pt Times New Roman, Times, Serif; text-decoration: underline"><U>Description</U></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-right: 5.4pt; padding-bottom: 12pt; padding-left: 5.4pt">1</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-right: 5.4pt; padding-bottom: 12pt; padding-left: 5.4pt">Amended and Restated Deed of Adherence, dated as of October 24, 2014, among the Sellers, FTL and the Werthein Group (incorporated herein by reference to Exhibit 1 of the Schedule 13D filed on March 18, 2016).</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-right: 5.4pt; padding-bottom: 12pt; padding-left: 5.4pt">2</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-right: 5.4pt; padding-bottom: 12pt; padding-left: 5.4pt">Amended and Restated Drag Waiver Memorandum of Understanding, dated as of October 24, 2014, among W de Argentina &ndash; Inversiones S.A., Los W S.A., Messrs. Daniel Werthein, Adrian Werthein, Gerardo Werthein and Dario Werthein, and the Sellers (incorporated herein by reference to Exhibit 2 of the Schedule 13D filed on March 18, 2016).</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-right: 5.4pt; padding-bottom: 12pt; padding-left: 5.4pt">3</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-right: 5.4pt; padding-bottom: 12pt; padding-left: 5.4pt">Amended and Restated Guaranty, dated as of October 24, 2014, among FTL and the Sellers (incorporated herein by reference to Exhibit 3 of the Schedule 13D filed on March 18, 2016).</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-right: 5.4pt; padding-bottom: 12pt; padding-left: 5.4pt">4</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-right: 5.4pt; padding-bottom: 12pt; padding-left: 5.4pt">Amended and Restated Mutual Shareholder Release, dated as of October 24, 2014, among the Sellers and the Werthein Group (incorporated herein by reference to Exhibit 4 of the Schedule 13D filed on March 18, 2016).</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-right: 5.4pt; padding-bottom: 12pt; padding-left: 5.4pt">5</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-right: 5.4pt; padding-bottom: 12pt; padding-left: 5.4pt">Amended and Restated Stock Purchase Agreement, dated as of October 24, 2014, among FTL, the Sellers and TAR (incorporated herein by reference to Exhibit 5 of the Schedule 13D filed on March 18, 2016).</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-right: 5.4pt; padding-bottom: 12pt; padding-left: 5.4pt">6</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-right: 5.4pt; padding-bottom: 12pt; padding-left: 5.4pt">Amended and Restated Third Amendment to the Shareholders&rsquo; Agreement, dated as of October 24, 2014, among the Sellers and the Werthein Group (incorporated herein by reference to Exhibit 6 of the Schedule 13D filed on March 18, 2016).</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-right: 5.4pt; padding-bottom: 12pt; padding-left: 5.4pt">7</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-right: 5.4pt; padding-bottom: 12pt; padding-left: 5.4pt">Amended and Restated Transition Services Memorandum of Understanding, dated as of October 24, 2014, among FTL and the Sellers (incorporated herein by reference to Exhibit 7 of the Schedule 13D filed on March 18, 2016).</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-right: 5.4pt; padding-bottom: 12pt; padding-left: 5.4pt">8</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-right: 5.4pt; padding-bottom: 12pt; padding-left: 5.4pt">Amended and Restated Waiver, dated as of October 24, 2014, among the Sellers and the Werthein Group, acknowledged by FTL (incorporated herein by reference to Exhibit 8 of the Schedule 13D filed on March 18, 2016).</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-right: 5.4pt; padding-bottom: 12pt; padding-left: 5.4pt">9</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-right: 5.4pt; padding-bottom: 12pt; padding-left: 5.4pt">Drag Rights Letter Agreement, dated as of October 24, 2014, among FTL, the Sellers and the Werthein Group (incorporated herein by reference to Exhibit 9 of the Schedule 13D filed on March 18, 2016).</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-right: 5.4pt; padding-bottom: 12pt; padding-left: 5.4pt">10</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-right: 5.4pt; padding-bottom: 12pt; padding-left: 5.4pt">Note Purchase Agreement, dated as of October 24, 2014, between TII and FTL (incorporated herein by reference to Exhibit 10 of the Schedule 13D filed on March 18, 2016).</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-right: 5.4pt; padding-bottom: 12pt; padding-left: 5.4pt">11</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-right: 5.4pt; padding-bottom: 12pt; padding-left: 5.4pt">Purchase Release, dated as of October 24, 2014, among the Sellers and FTL (incorporated herein by reference to Exhibit 11 of the Schedule 13D filed on March 18, 2016).</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-right: 5.4pt; padding-bottom: 12pt; padding-left: 5.4pt">12</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-right: 5.4pt; padding-bottom: 12pt; padding-left: 5.4pt">Note Pledge Agreement, dated as of October 29, 2014, among FTL and the Sellers (incorporated herein by reference to Exhibit 12 of the Schedule 13D filed on March 18, 2016).. </TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-right: 5.4pt; padding-bottom: 12pt; padding-left: 5.4pt">13</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-right: 5.4pt; padding-bottom: 12pt; padding-left: 5.4pt">Replacement Note, dated as of March 8, 2016, issued by TII (incorporated herein by reference to Exhibit 13 of the Schedule 13D filed on March 18, 2016)..</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-right: 5.4pt; padding-bottom: 12pt; padding-left: 5.4pt">14</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-right: 5.4pt; padding-bottom: 12pt; padding-left: 5.4pt">Amended and Restated Master Financing Agreement, dated as of March 16, 2016, between FIL and FAI (incorporated herein by reference to Exhibit 14 of the Schedule 13D filed on March 18, 2016).</TD></TR>
</TABLE>

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    <TD STYLE="width: 12%; padding-right: 5.4pt; padding-bottom: 12pt; padding-left: 5.4pt; font: 10pt Times New Roman, Times, Serif">15</TD>
    <TD STYLE="width: 88%; padding-right: 5.4pt; padding-bottom: 12pt; padding-left: 5.4pt; font: 10pt Times New Roman, Times, Serif">Joint Filing Agreement, dated as of March 18, 2016, by and among David Mart&iacute;nez, FAI, FTL, Sofora and Nortel (incorporated herein by reference to Exhibit 15 of the Schedule 13D filed on March 18, 2016 and Exhibit 1 of the Schedule 13D filed on July 29, 2016).</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-right: 5.4pt; padding-bottom: 12pt; padding-left: 5.4pt">16</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-right: 5.4pt; padding-bottom: 12pt; padding-left: 5.4pt">Amendment No. 1 to the Amended and Restated Transition Services Memorandum of Understanding, dated as of June 8, 2016, among FTL and the Sellers (incorporated herein by reference to Exhibit (d)(xiv) of FTL&rsquo;s report on Schedule TO furnished to the SEC on July 22, 2016).</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-right: 5.4pt; padding-bottom: 12pt; padding-left: 5.4pt">17</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-right: 5.4pt; padding-bottom: 12pt; padding-left: 5.4pt"><FONT STYLE="font-family: Times New Roman, Times, Serif">Notice in Argentina of Mandatory Tender Offer in respect of Class&nbsp;B Shares listed in &quot;<I>Mercado de Valores de Buenos Aires&nbsp;S.A.</I>&quot; issued by Telecom Argentina&nbsp;S.A., as made public on September&nbsp;14, 2016. (English translation) (</FONT>incorporated herein by reference to the Tender Offer Statement on Schedule TO and Schedule 13E-3 filed on September 15, 2016<FONT STYLE="font-family: Times New Roman, Times, Serif">).</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-right: 5.4pt; padding-bottom: 12pt; padding-left: 5.4pt">18</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-right: 5.4pt; padding-bottom: 12pt; padding-left: 5.4pt">Offer to Purchase, dated September 15, 2016 (incorporated herein by reference to the Tender Offer Statement on Schedule TO and Schedule 13E-3 filed on September 15, 2016).</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in"><B><I>&nbsp;</I></B></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1.5in; text-indent: -1in">&nbsp;</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1.5in; text-indent: -1in">&nbsp;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 12pt">&nbsp;</P>


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<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: center">SIGNATURE</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-indent: 0.5in">After reasonable inquiry and to the best
of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt">Dated:&nbsp; September 19, 2016</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt">&nbsp;</P>

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" ALIGN="RIGHT" STYLE="width: 50%; border-collapse: collapse">
<tr style="vertical-align: middle">
    <TD STYLE="padding-left: 27px; font: 10pt Times New Roman, Times, Serif; text-align: left; width: 100%">DAVID MART&Iacute;NEZ</td></tr>
<tr style="vertical-align: middle">
    <td style="padding-left: 27px; font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td></tr>
<tr style="vertical-align: middle">
    <td style="padding-left: 27px; font: 10pt Times New Roman, Times, Serif; text-align: left">By:     <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; font-weight: normal; font-style: normal"><U>&nbsp;&nbsp;/s/
    David
    Mart&iacute;nez&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U></FONT></td></tr>
<tr style="vertical-align: middle">
    <td style="padding-left: 27px; font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td></tr>
<tr style="vertical-align: middle">
    <td style="padding-left: 27px; font: 10pt Times New Roman, Times, Serif; text-align: left">FINTECH ADVISORY INC.&nbsp;</td></tr>
<tr style="vertical-align: middle">
    <td style="padding-left: 27px; font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td></tr>
<tr style="vertical-align: middle">
    <td style="padding-left: 27px; font: 10pt Times New Roman, Times, Serif; text-align: left">By: <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt; font-weight: normal; font-style: normal"><u><U>&nbsp;/s/

    David
    Mart&iacute;nez&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U></FONT></u></font></td></tr>
<tr style="vertical-align: middle">
    <td style="padding-left: 27px; font: 10pt Times New Roman, Times, Serif; text-align: left">Name:&nbsp;&nbsp;
    David
    Mart&iacute;nez</td></tr>
<tr style="vertical-align: middle">
    <td style="padding-left: 27px; font: 10pt Times New Roman, Times, Serif; text-align: left">Title: Authorized Person</td></tr>
<tr style="vertical-align: middle">
    <td style="padding-left: 27px; font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td></tr>
<tr style="vertical-align: middle">
    <td style="padding-left: 27px; font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td></tr>
<tr style="vertical-align: middle">
    <td style="padding-left: 27px; font: 10pt Times New Roman, Times, Serif; text-align: left">FINTECH TELECOM, LLC</td></tr>
<tr style="vertical-align: middle">
    <td style="padding-left: 27px; font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td></tr>
<tr style="vertical-align: middle">
    <td style="padding-left: 27px; font: 10pt Times New Roman, Times, Serif; text-align: left">By: <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt; font-weight: normal; font-style: normal"><u><U>&nbsp;/s/
    &nbsp;Julio Rafael Rodriguez
    Jr.&nbsp;&nbsp;&nbsp;&nbsp;</U></FONT></u></font></td></tr>
<tr style="vertical-align: middle">
    <td style="padding-left: 27px; font: 10pt Times New Roman, Times, Serif; text-align: left">Name:&nbsp;&nbsp;Julio Rafael Rodriguez Jr.</td></tr>
<tr style="vertical-align: middle">
    <td style="padding-left: 27px; font: 10pt Times New Roman, Times, Serif; text-align: left">Title: Authorized Person</td></tr>
<tr style="vertical-align: middle">
    <td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td></tr>
<tr style="vertical-align: middle">
    <td style="padding-left: 27px; font: bold 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td></tr>
<tr style="vertical-align: middle">
    <td style="padding-left: 27px; font: 10pt Times New Roman, Times, Serif; text-align: left">SOFORA TELECOMUNICACIONES, S.A.</td></tr>
<tr style="vertical-align: middle">
    <td style="padding-left: 27px; font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td></tr>
<tr style="vertical-align: middle">
    <td style="padding-left: 27px; font: 10pt Times New Roman, Times, Serif; text-align: left">By: <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt; font-weight: normal; font-style: normal"><u><U>&nbsp;/s/&nbsp;Saturnino Funes&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U></FONT></u></font></td></tr>
<tr style="vertical-align: middle">
    <td style="padding-left: 27px; font: 10pt Times New Roman, Times, Serif; text-align: left">Name:&nbsp;&nbsp;Saturnino Funes</td></tr>
<tr style="vertical-align: middle">
    <td style="padding-left: 27px; font: 10pt Times New Roman, Times, Serif; text-align: left">Title: President</td></tr>
<tr style="vertical-align: middle">
    <td style="padding-left: 27px; font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td></tr>
<tr style="vertical-align: middle">
    <td style="font: 10pt Times New Roman, Times, Serif">&nbsp;</td></tr>
<tr style="vertical-align: middle">
    <td style="padding-left: 27px; font: 10pt Times New Roman, Times, Serif; text-align: left">NORTEL INVERSORA, S.A.</td></tr>
<tr style="vertical-align: middle">
    <td style="padding-left: 27px; font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</td></tr>
<tr style="vertical-align: middle">
    <td style="padding-left: 27px; font: 10pt Times New Roman, Times, Serif; text-align: left">By: <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt; font-weight: normal; font-style: normal"><u><U>&nbsp;&nbsp;/s/
    Baruki Gonz&aacute;lez&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U></FONT></u></font></td></tr>
<tr style="vertical-align: middle">
    <td style="padding-left: 27px; font: 10pt Times New Roman, Times, Serif; text-align: left">Name:&nbsp;&nbsp;Baruki Gonz&aacute;lez</td></tr>
<tr style="vertical-align: middle">
    <td style="padding-left: 27px; font: 10pt Times New Roman, Times, Serif; text-align: left">Title: President</td></tr>
</table><BR STYLE="clear: both">
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