Merger by Absorption Between Telecom Argentina and Cablevision S.A. (Tables)

12 Months Ended

Dec. 31, 2017

Merger by absorption between Telecom Argentina and Cablevision S.A.

As a consequence of the Corporate reorganization described in Note 31, Telecom Argentina’s breakdown of capital stock as of December 31, 2017 is as follows:

	Registered, subscribed and authorized for public offering
Shares	Outstanding shares	Treasury shares	Total capital stock
Ordinary shares, $1 argentine peso of nominal value each
Class “A”	340,994,852	-	340,994,852
Class “B”	627,930,005	15,221,373	643,151,378
Class “C”	234,748	-	234,748

Total	969,159,605	15,221,373	984,380,978

As of January 1, 2018, due to the merger between Telecom Argentina and Cablevisión S.A., the new breakdown of capital stock is as follows:

Shares	Outstanding shares	Treasury shares	Total capital stock
Class “A”	683,856,600	-	683,856,600
Class “B”	627,930,005	15,221,373	643,151,378
Class “C”	234,748	-	234,748
Class “D”	841,666,658	-	841,666,658

	2,153,688,011	15,221,373	2,168,909,384