EX-8.1 2 tm2039636d1_ex8-1.htm EXHIBIT 8.1

Exhibit 8.1

List of Subsidiaries of Telecom Argentina S.A.

Subsidiary |  | Jurisdiction of incorporation |  | Telecom Argentina's direct/indirect interest in capital stock and votes |  | Name under which the subsidiary does business
Núcleo S.A.E. |  | Paraguay |  | 67.50% |  | Núcleo
PEM S.A.U. |  | Argentina |  | 100.00% |  | PEM
Cable Imagen S.R.L. |  | Argentina |  | 100.00% |  | Cable Imagen
Televisión Dirigida S.A. |  | Paraguay |  | 100.00% |  | Televisión Dirigida
Adesol S.A. |  | Uruguay |  | 100.00% |  | Adesol
AVC Continente Audiovisual S.A. |  | Argentina |  | 60.00% |  | AVC Continente Audiovisual
Inter Radios S.A.U. |  | Argentina |  | 100.00% |  | Inter Radios
Telecom Argentina USA Inc. |  | USA |  | 100.00% |  | Telecom USA
Micro Sistemas S.A.U. |  | Argentina |  | 100.00% |  | Micro Sistemas