<SEC-DOCUMENT>0001104659-22-051394.txt : 20220428
<SEC-HEADER>0001104659-22-051394.hdr.sgml : 20220428
<ACCEPTANCE-DATETIME>20220427180431
ACCESSION NUMBER:		0001104659-22-051394
CONFORMED SUBMISSION TYPE:	6-K
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20220427
FILED AS OF DATE:		20220428
DATE AS OF CHANGE:		20220427

FILER:

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

	FILING VALUES:
		FORM TYPE:		6-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-13464
		FILM NUMBER:		22861312

	BUSINESS ADDRESS:	
		STREET 1:		GENERAL HORNOS, NO. 690
		CITY:			BUENOS AIRES
		STATE:			C1
		ZIP:			C1272ACL
		BUSINESS PHONE:		54-11-4968-4000

	MAIL ADDRESS:	
		STREET 1:		GENERAL HORNOS, NO. 690
		CITY:			BUENOS AIRES
		STATE:			C1
		ZIP:			C1272ACL

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	TELECOM ARGENTINA STET FRANCE TELECOM SA
		DATE OF NAME CHANGE:	19950809
</SEC-HEADER>
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<FILENAME>tm2213401d2_6k.htm
<DESCRIPTION>FORM 6-K
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

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

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

<P STYLE="font: 14pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>UNITED STATES&nbsp;</B></P>

<P STYLE="font: 14pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>SECURITIES AND EXCHANGE COMMISSION&nbsp;</B></P>

<P STYLE="font: 14pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Washington, D.C. 20549</B></P>

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

<P STYLE="font: 18pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>FORM&nbsp;6-K&nbsp;</B></P>

<P STYLE="font: 14pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>REPORT OF FOREIGN PRIVATE ISSUER</B></P>

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

<P STYLE="font: 14pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Pursuant to Rule&nbsp;13a-16 or 15d-16&nbsp;</B></P>

<P STYLE="font: 14pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>of the Securities Exchange Act of 1934</B></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">For the month of April&nbsp;2022</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">Commission File Number: 001-13464</P>

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

<P STYLE="font: 14pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>Telecom
</B></FONT><B>Argentina S.A.&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">(Translation of registrant&rsquo;s name into English)</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>General Hornos, No.&nbsp;690, 1272&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Buenos Aires, Argentina&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">(Address of principal executive offices)</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Indicate by check mark whether the registrant
files or will file annual reports under cover of Form&nbsp;20-F or Form&nbsp;40-F:</P>

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

<P STYLE="text-align: center; margin-top: 0; margin-bottom: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Form&nbsp;20-F&nbsp;&nbsp;</FONT> <FONT STYLE="font-family: Wingdings">&#120;</FONT> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Form&nbsp;40-F&nbsp;&nbsp;</FONT> <FONT STYLE="font-family: Wingdings">&#168;</FONT></P>


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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Indicate by check mark if the registrant is submitting
the Form&nbsp;6-K in paper as permitted by Regulation S-T Rule&nbsp;101(b)(1):</P>

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

<P STYLE="text-align: center; margin-top: 0; margin-bottom: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Yes&nbsp;&nbsp;</FONT> <FONT STYLE="font-family: Wingdings">&#168;</FONT> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;No&nbsp;&nbsp;</FONT> <FONT STYLE="font-family: Wingdings">&#120;</FONT></P>


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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Indicate by check mark if the registrant is submitting
the Form&nbsp;6-K in paper as permitted by Regulation S-T Rule&nbsp;101(b)(7):</P>

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

<P STYLE="text-align: center; margin-top: 0; margin-bottom: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Yes&nbsp;&nbsp;</FONT> <FONT STYLE="font-family: Wingdings">&#168;</FONT> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;No&nbsp;&nbsp;</FONT> <FONT STYLE="font-family: Wingdings">&#120;</FONT></P>


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

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>Telecom
</B></FONT><B>Argentina S.A.</B></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">TABLE OF CONTENTS</P>

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

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

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><A HREF="#a_001"><FONT STYLE="font-size: 10pt"><B><U>1.</U></B></FONT></A></TD><TD STYLE="text-align: justify"><A HREF="#a_001"><B><U>Summary of the Resolutions adopted by the Ordinary and Extraordinary General
                                                                                                                   Shareholders&rsquo; Meeting held on April&nbsp;27, 2022.</U></B></A></TD></TR></TABLE>

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

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

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

<P STYLE="text-decoration: underline; font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0">FREE TRANSLATION</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><A NAME="a_001"></A><B><U>Summary of the Resolutions adopted by the
Ordinary and Extraordinary<BR>
General Shareholders&rsquo; Meeting held on April&nbsp;27, 2022</U></B></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><I>The Shareholders&rsquo; Meeting was held with
the Shareholders attending remotely, pursuant to the requirements of the Comisi&oacute;n Nacional de Valores&rsquo; General Resolution
No.&nbsp;830/2020.</I></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The following resolutions were adopted by the
Shareholders when considering each item on the Shareholders&acute; Meeting Agenda.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B><I>1) <U>Holding of the Shareholders&rsquo;
Meeting remotely.</U></I></B></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">It was approved that the Shareholders&rsquo; Meeting
be carried out with remote attendance pursuant to the requirements of the <I>Comisi&oacute;n Nacional de Valores</I>&rsquo; General Resolution
No.&nbsp;830/2020.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B><I>2) <U>Appointment of two shareholders
to sign the Minutes of the Meeting.</U></I></B></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The representative of shareholder Cablevisi&oacute;n
Holding S.A. and the representative of shareholder Fintech Telecom LLC were appointed to sign the Minutes of the Meeting.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B><I>3) <U>Consider the documentation
required by Law No.&nbsp;19,550 section 234 subsection 1, the&nbsp;Comisi&oacute;n Nacional de Valores&nbsp;(&ldquo;CNV&rdquo;) Rules,
and the&nbsp;Bolsas y Mercados Argentinos&nbsp;(&ldquo;BYMA&rdquo;) Rules, as well as the financial documentation in English required
by the U.S. Securities and Exchange Commission&rsquo;s rules&nbsp;and regulations, for the Company&rsquo;s thirty-third Fiscal Year, ended
December&nbsp;31, 2021 (&ldquo;Fiscal Year 2021&rdquo;).</U></I></B></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">All of the documentation submitted for the consideration
of the Shareholders was approved without any changes, in the same manner it was approved by the Board of Directors, the Supervisory Committee
and the Audit Committee, and reported to the control authorities.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B><I>4) <U>Consider the Retained
Earnings as of December&nbsp;31, 2021, which reported a positive balance of AR$ 8,664,580,251. Proposal to: i) Allocate AR$433,229,013
to establish the Legal Reserve; ii) Allocate AR$8,231,351,238 to the &ldquo;Facultative Reserve to maintain the capital investments level
and the current level of solvency of the Company&rdquo;. It is also proposed to reclassify the amount of AR$16,212,018,395 from the account
 &ldquo;Facultative Reserve to maintain the capital investments level and the current level of solvency of the Company&rdquo; (which will
amount, as a consequence, to AR$54,433,878,894) by charging that amount to the account &ldquo;Contributed Surplus&rdquo;, which, after
giving effect to such reclassification, will total AR$347,907,102,480. Granting the Board of Directors the authority to totally or partially
withdraw the &ldquo;Facultative Reserve to maintain the capital investments level and the current level of solvency of the Company&rdquo;
and to distribute dividends in cash or in kind or any combination of both options.</U></I></B></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The Shareholders&rsquo; Meeting approved the proposal
of the Board of Directors adjusted to March&nbsp;31, 2022, using the National Consumer Price Index (National CPI) published on April&nbsp;13,
2022, in accordance with the provisions of CNV Resolution No.&nbsp;777/2018, regarding Retained Earnings as of December&nbsp;31, 2020,
which reported a positive balance of AR$ 10,056,956,479 to:</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">i) Allocate AR$ 502,847,824 to establish the Legal
Reserve;</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">ii) Allocate AR$ 9,554,108,655 to the &ldquo;Facultative
Reserve to maintain the capital investments level and the current level of solvency of the Company&rdquo;; and</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">iii) Regarding the amount of AR$ 18,817,248,927,
reclassify it from the account &ldquo;Facultative Reserve to maintain the capital investments level and the current level of solvency
of the Company&rdquo; (which will amount, as a consequence, to AR$ 63,181,266,161) by charging that amount to the account &ldquo;Contributed
Surplus&rdquo;, which, after giving effect to such reclassification, will total AR$ 403,814,897,770.</P>

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">It was also resolved to grant the Board of Directors
the authority to withdraw, before June&nbsp;30, 2022, the &ldquo;Facultative Reserve to maintain the capital investments level and the
current level of solvency of the Company&rdquo; in an amount that allows to distribute a combination of 2030 Global Bonds and 2035 Global
Bonds as dividends in kind with a market value as of its valuation date of up to AR$ 41,000,000,000.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B><I>5) <U>Consider the performance
of Members of the Board of Directors and Members of the Supervisory Committee who have served during Fiscal Year 2021.</U></I></B></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The performance of all of the Members of the Board
of Directors and Members of the Supervisory Committee who served during fiscal year 2021 was approved.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B><I>6) <U>Consider the compensation
for the Members of the Board of Directors corresponding to the fiscal year ended December&nbsp;31, 2021 of AR$ 576,097,511 (total compensation),
in excess of AR$ 135,725,074 over the 5% limit provided by Section&nbsp;261 of Law N&deg; 19,550 and its related regulations, taking into
account that no proposal of dividends distribution has been made.</U></I></B></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">For those Directors that served from January&nbsp;1,
2021 through December&nbsp;31, 2021, a total compensation of AR$ 576,097,511 was approved, to be distributed in the manner to be agreed
by the Board of Directors, according to the General Corporations Law, taking into consideration the advance payments that they received.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B><I>7) <U>Authorize the Board of
Directors to pay advances on fees to those Directors who during fiscal year to end December&nbsp;31, 2022 (Fiscal Year 2022) serve as
independent directors or perform technical-administrative tasks or perform special assignments (within the guidelines determined by the
General Corporations Law and contingent upon what the Shareholders&rsquo; Meeting resolves).</U></I></B></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The Board of Directors was authorized to pay advances
on fees to those Directors of Telecom Argentina who during Fiscal Year 2022 serve as independent directors or perform technical-administrative
tasks or perform special assignments, within the guidelines determined by the General Corporations Law and contingent upon what the Shareholders&rsquo;
Meeting resolves.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B><I>8) <U>Consider the compensation
to Members of the Supervisory Committee corresponding to the fiscal year ended December&nbsp;31, 2021. Proposal to pay the total amount
of AR$ 30,253,985.</U></I></B></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">A total compensation of AR$ 30,253,985 for the
Members of the Supervisory Committee of Telecom Argentina was approved for their services provided from January&nbsp;1, 2021 to December&nbsp;31,
2021, taking into consideration the advance payments that they received. This total amount shall be equally distributed among the five
regular Members as determined by the Supervisory Committee, after allocating the proportional amount to the member that represents the
Supervisory Committee at the Executive Committee.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B><I>9) <U>Authorize the Board of
Directors to pay advances on fees to those Members of the Supervisory Committee who serve during Fiscal Year 2022 (contingent upon what
the Shareholders&rsquo; Meeting resolves).</U></I></B></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The Board of Directors was authorized to pay advances
on fees to those Members of the Supervisory Committee serving during Fiscal Year 2022, contingent upon what the Shareholders&rsquo; Meeting
resolves.</P>

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B><I>10) <U>Elect five (5)&nbsp;regular
Members of the Supervisory Committee to serve during Fiscal Year 2022.</U></I></B></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The following persons were appointed as regular
Members of the Supervisory Committee: Pablo Andr&eacute;s Buey Fern&aacute;ndez, Pablo Gabriel San Mart&iacute;n, Alejandro H&eacute;ctor
Massa, Mar&iacute;a Ximena Dig&oacute;n and Saturnino Jorge Funes.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Ms.&nbsp;Mar&iacute;a Ximena Dig&oacute;n, Mr.&nbsp;Pablo
Andr&eacute;s Buey Fern&aacute;ndez and Mr.&nbsp;Saturnino Jorge Funes are lawyers, and Mr.&nbsp;Pablo Gabriel San Mart&iacute;n and Mr.&nbsp;Alejandro
H&eacute;ctor Massa are certified public accountants. They all qualify as &ldquo;Independent&rdquo; members in accordance with the standard
set forth by the CNV&acute;s Rules.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Finally, it was informed that none of the proposed
members of the Supervisory Committee, the law firms they are members of or other members of such law firms have ever been Independent
Auditors of Telecom Argentina and shall not be proposed to serve in that capacity.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B><I>11) <U>Determine the number
of alternate Members of the Supervisory Committee to serve during Fiscal Year 2022 and elect them.</U></I></B></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">It was resolved to appoint five (5)&nbsp;alternate
Members, and the following persons were elected: Javier Alegr&iacute;a, Rub&eacute;n Su&aacute;rez, Mat&iacute;as Alejandro Fredriks,
Lucrecia Sof&iacute;a Myburg D&iacute;az and Ona Celia Dimnik.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Mr.&nbsp;Javier Alegr&iacute;a will serve as alternate
for Mr.&nbsp;Pablo Andr&eacute;s Buey Fern&aacute;ndez; Mr.&nbsp;Rub&eacute;n Su&aacute;rez will serve as alternate for Mr.&nbsp;Pablo
Gabriel San Mart&iacute;n; Mr.&nbsp;Mat&iacute;as Alejandro Fredriks will serve as alternate for Mr.&nbsp;Alejandro H&eacute;ctor Massa;
and Ms.&nbsp;Lucrecia Sofia Myburg D&iacute;az and Ms.&nbsp;Ona Celia Dimnik will serve as alternates, indistinctly, for Ms.&nbsp;Mar&iacute;a
Ximena Dig&oacute;n and Mr.&nbsp;Saturnino Jorge Funes.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Mr.&nbsp;Javier Alegr&iacute;a, Mr.&nbsp;Mat&iacute;as
Alejandro Fredriks, Ms.&nbsp;Lucrecia Sof&iacute;a Myburg D&iacute;az and Ms.&nbsp;Ona Celia Dimnik are lawyers, and Mr.&nbsp;Rub&eacute;n
Su&aacute;rez is a certified public accountant. All of them qualify as &ldquo;Independent&rdquo; members in accordance with the standard
set forth in the CNV&acute;s Rules.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">None of the proposed alternate members, the law
firms they are members of or other members of such law firms have ever been Independent Auditors of Telecom Argentina, and they shall
not be proposed to serve in that capacity.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B><I>12) <U>Determine the compensation
of the Independent Auditors who served during Fiscal Year 2021.</U></I></B></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">A total compensation for audit services provided
by the Independent Auditors of the Financial Statements of Telecom Argentina for Fiscal Year 2021 was approved in the amount of AR$ 121,917,003
(not including VAT), of which AR$ 88,987,527 represented Financial Statements audit tasks, and AR$ 32,929,476 represented audit tasks
conducted with regards to the certification in compliance with Sarbanes Oxley Act Section&nbsp;404.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B><I>13) <U>Appoint the Independent
Auditors of the financial statements for Fiscal Year 2022 and determine their compensation.</U></I></B></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&ldquo;Price Waterhouse&nbsp;&amp; Co SRL&rdquo;
was appointed as Independent Auditor of the Financial Statements of Telecom Argentina for the Fiscal Year ending December&nbsp;31, 2022.&nbsp;Alejandro
Javier Rosa will serve as the regular certifying accountant, and Reinaldo Sergio Cravero and Ezequiel Luis Mirazon will serve as his alternates&nbsp;indistinctly.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">It was resolved that the compensation of the Independent
Auditors shall be determined by the Shareholders&rsquo; Meeting considering the financial documentation for Fiscal Year 2022, empowering
the Audit Committee to determine the terms and conditions of service delivery, and authorization was granted for the payment of advances
on fees to the Independent Auditors, in the amount that the Audit Committee deems reasonable.</P>

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B><I>14) <U>Consider the budget
for the Audit Committee for Fiscal Year 2022 (AR$ 16,166,020).</U></I></B></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The budget for the operation of the Audit Committee
for Fiscal Year 2022 was set at the amount of AR$ 16,166,020.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B><I>15) <U>Consideration of the
5-year extension of the term of validity of the Medium Term Note Program for the issuance of simple Notes for up to a maximum outstanding
amount of US$ 3,000,000,000 (or its equivalent in other currencies or value units) authorized by the Comisi&oacute;n Nacional de Valores
by Resolution N&deg; 19,481 dated as of April&nbsp;19, 2018 and certain amendments to it authorized by Resolution N&deg; 21,603 dated
as of January&nbsp;27, 2022 (the &ldquo;Program&rdquo; or the &ldquo;Global Program&rdquo;) .</U></I></B></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The 5-year extension of the validity of the Medium
Term Note Program for the issuance of simple Notes for up to a maximum outstanding amount of US$ 3,000,000,000 (or its equivalent in other
currencies or value units) authorized by the CNV through Resolution No.&deg;19,481 dated as of April&nbsp;19, 2018 and certain amendments
to it authorized through Resolution No.&deg;21,603 dated as of January&nbsp;27, 2022 was approved.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B><I>16) <U>Consider granting to
the Board of Directors of broad powers, according to the approval granted by the Comisi&oacute;n Nacional de Valores and its amendments
in the terms resolved by the Ordinary Shareholders&acute; Meeting dated December&nbsp;28, 2017 (&ldquo;the Shareholders&rsquo; Meeting&rdquo;)
and the extension of its&rsquo; term of validity resolved by this Shareholders&rsquo; Meeting, to determine and modify the terms and conditions
of the Program within the maximum outstanding amount authorized by the Shareholders&rsquo; Meeting, as well as to establish the timing
of issuance and re-issuance of the corresponding Notes to each series or class to be issued under it and all of the conditions of issuance
and re-issuance, within the maximum amount and the terms of amortization set by the Shareholders&rsquo; Meeting, including, without limitation
to, law and applicable jurisdiction; date and issuance currency; nominal value, price, interest rate, form and conditions of placement
and payment conditions; issuance in cartulary form or book-entry of one or more classes or series; characteristics of the titles or representative
certificates of the notes; use of proceeds; election of the Trustee, if there is any, and the agents of any type that correspond, including
registration, placement, calculation of payment of each series or class, if there were, and to prepare, negotiate, approve, subscribe
and submit all the contracts and documentation necessary to implement the Program and the series or classes under it; to request to the
agencies and respective markets from the country and from abroad that the Board of Directors determine the authorizations of the public
offer and pricing or listing and negotiation of the Program and of one or more of the classes or series of the Notes that will be issued
within the framework of it, and to appoint attorneys to act in the files related to the decisions adopted by the Shareholders&rsquo; Meeting
with respect to the Program. Authorization for the Board of Directors to sub-delegate to some of their members and/or officials of the
managerial line, the powers delegated by the Shareholders&rsquo; Meeting according to what it is provided by Section&nbsp;1, article c)
from Chapter II, Title II and Section&nbsp;44, article b) from Chapter V, Title II from the Rules&nbsp;of the Comisi&oacute;n Nacional
de Valores (New Text 2013).</U></I></B></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">It was resolved to extend as from December&nbsp;28,
2022 and for 5 additional years the delegation to the Board of Directors of broad powers, according to the approval granted by the CNV
approving the Program and its amendments, in the terms resolved by the Shareholders&acute; Meeting and the extension of its validity resolved
by this Shareholders&rsquo; Meeting, to determine and modify the terms and conditions of the Program and of the Notes issued thereunder
within the maximum outstanding amount authorized, as well as to establish the timing of issuance and re-issuance of the corresponding
Notes to each series or class to be issued under it and all of the conditions of issuance and re-issuance according to the maximum outstanding
amount.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Additionally, the Board of Directors was authorized
to sub-delegate to some of its members and/or officials of management, the powers delegated by the Shareholders&rsquo; Meeting according
to what is provided by Section&nbsp;1, article c), Chapter II, Title II and Section&nbsp;44, article b), Chapter V, Title II of the CNV
Rules&nbsp;(New Text 2013).</P>

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><I>The Chairman of the Supervisory Committee of
Telecom Argentina, Dr.&nbsp;Pablo Buey Fern&aacute;ndez, certified compliance with the provisions of the Comisi&oacute;n Nacional de Valores&rsquo;
General Resolution No.&nbsp;830/2020 and other legal and statutory regulations applicable to this Shareholders&rsquo; Meeting.</I></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><I>Ms.&nbsp;Luc&iacute;a Soutullo on behalf of
the Comisi&oacute;n Nacional de Valores and Certified Public Accountant Eduardo Kupfer on behalf of the Buenos Aires Stock Exchange participated
in the Meeting through the Cisco Webex teleconference system.</I></P>

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

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="font-size: 10pt; width: 50%">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-size: 10pt; text-align: center; width: 50%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">/s/ Andrea V. Cerd&aacute;n</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Attorney-in-fact</FONT></TD></TR>
  </TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

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

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

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

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

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.25in">Pursuant to the requirements of the Securities
Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.</P>

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

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="2" STYLE="font-size: 10pt">&nbsp;</TD>
    <TD COLSPAN="3">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Telecom
    </B></FONT><B>Argentina S.A.</B></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>&nbsp;</B></P></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Date:</FONT></TD>
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">April&nbsp;27, 2022</FONT></TD>
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">By:</FONT></TD>
    <TD COLSPAN="2" STYLE="border-bottom: black 1pt solid; font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">/s/ Fernando J. Balmaceda</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 6%; font-size: 10pt">&nbsp;</TD>
    <TD STYLE="width: 44%; font-size: 10pt">&nbsp;</TD>
    <TD STYLE="width: 3%; font-size: 10pt">&nbsp;</TD>
    <TD STYLE="width: 5%; font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Name:</FONT></TD>
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Fernando J. Balmaceda</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Title:</FONT></TD>
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Responsible for Market Relations</FONT></TD></TR>
  </TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

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

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