<SEC-DOCUMENT>0001104659-23-051273.txt : 20230427
<SEC-HEADER>0001104659-23-051273.hdr.sgml : 20230427
<ACCEPTANCE-DATETIME>20230427153744
ACCESSION NUMBER:		0001104659-23-051273
CONFORMED SUBMISSION TYPE:	6-K
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20230427
FILED AS OF DATE:		20230427
DATE AS OF CHANGE:		20230427

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:		23856277

	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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<!-- Field: Rule-Page --><DIV STYLE="margin-top: 12pt; margin-bottom: 3pt; width: 100%"><DIV STYLE="font-size: 1pt; border-top: Black 2pt solid; border-bottom: Black 1pt solid">&nbsp;</DIV></DIV><!-- Field: /Rule-Page -->

<P STYLE="margin: 0"><B>&nbsp;</B></P>

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

<P STYLE="font: 14pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>SECURITIES AND EXCHANGE COMMISSION</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</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</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;2023</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; font-size: 14pt"><B>Telecom
</B></FONT><B><FONT STYLE="font-size: 14pt">Argentina S.A.</FONT></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</B></P>

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

<TABLE CELLSPACING="0" CELLPADDING="0" ALIGN="CENTER" STYLE="font: 10pt Times New Roman, Times, Serif; width: 50%; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 40%; font-size: 10pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Form&nbsp;20-F</FONT></TD>
    <TD STYLE="text-align: left; width: 10%"><FONT STYLE="font-family: Wingdings">&#120;</FONT></TD>
    <TD STYLE="width: 25%; font-size: 10pt; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Form&nbsp;40-F</FONT></TD>
    <TD STYLE="text-align: left; width: 15%">&nbsp;<FONT STYLE="font-family: Wingdings">&#168;</FONT></TD></TR>
  </TABLE>

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

<TABLE CELLSPACING="0" CELLPADDING="0" ALIGN="CENTER" STYLE="font: 10pt Times New Roman, Times, Serif; width: 50%; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 40%; font-size: 10pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Yes</FONT></TD>
    <TD STYLE="text-align: left; width: 10%">&nbsp;<FONT STYLE="font-family: Wingdings">&#168;</FONT></TD>
    <TD STYLE="width: 25%; font-size: 10pt; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">No</FONT></TD>
    <TD STYLE="text-align: left; width: 15%"><FONT STYLE="font-family: Wingdings">&#120;</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: 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>

<TABLE CELLSPACING="0" CELLPADDING="0" ALIGN="CENTER" STYLE="font: 10pt Times New Roman, Times, Serif; width: 50%; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 40%; font-size: 10pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Yes</FONT></TD>
    <TD STYLE="text-align: left; width: 10%">&nbsp;<FONT STYLE="font-family: Wingdings">&#168;</FONT></TD>
    <TD STYLE="width: 25%; font-size: 10pt; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">No</FONT></TD>
    <TD STYLE="text-align: left; width: 15%"><FONT STYLE="font-family: Wingdings"><FONT STYLE="font-family: Wingdings">&#120;</FONT></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"></P>

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

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<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.</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>

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<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><A HREF="#a_001">1.</A></TD><TD STYLE="text-align: justify"><A HREF="#a_001"><B><I><U>Summary of the Resolutions adopted
                                            by the Ordinary and Extraordinary General Shareholders&rsquo; Meeting held on April&nbsp;27,
                                            2023</U></I></B></A></TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; 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_002">2.</A></TD><TD STYLE="text-align: justify"><A HREF="#a_002"><FONT STYLE="color: blue"><B><I><U>Composition of the Supervisory Committee, members of the Audit Committee
and the Independent Auditors</U></I></B></FONT></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="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B><U>ITEM 1.</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"><B><U>FREE TRANSLATION</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: center"><B><U><A NAME="a_001"></A>Summary of the Resolutions adopted by the
Ordinary and Extraordinary<BR>
General Shareholders&rsquo; Meeting held on April&nbsp;27, 2023</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 by
personal attendance.</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)&nbsp;<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>2)&nbsp;<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-fourth Fiscal Year, ended December&nbsp;31,
2022 (&ldquo;Fiscal Year 2022&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>3)&nbsp;<U>Consider Retained Earnings as
of December&nbsp;31, 2022, which amount to a negative balance of AR$207,832,672,505. Proposal: 1) Regarding the negative amount of AR$273,927,247,113
derived from the adjustment for the loss of the higher value assigned to the assets and liabilities identified and incorporated as of
January&nbsp;1, 2018 (effective date of the merger of Telecom Argentina and Cablevisi&oacute;n S.A.) which at that time led to the creation
of the Contributed Surplus, to be reclassified to the Contributed Surplus account, which consequently, after such allocation, will reach
a balance of AR$405,572,443,997. 2) Regarding the difference in Retained Earnings, which amounts to AR$66,094,574,608, to be allocated
entirely to the Voluntary Reserve to maintain the capital investments level and the current level of solvency of the Company. Consequently,
the Retained Earnings as of December&nbsp;31, 2022, which amount to a negative balance of AR$207,832,672,505, will be fully absorbed,
affecting the Contributed Surplus and the Voluntary Reserve to maintain the Company&rsquo;s capital investments level and the current
level of solvency. 3) Granting the Board of Directors the authority to possess the maximum flexibility to eventually decide the withdrawal
of the Voluntary Reserve to maintain the Company&rsquo;s capital investments level and the current level of solvency 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, 2023, using the National Consumer Price Index (National CPI) published on April&nbsp;14,
2023, in accordance with the provisions of CNV Resolution No.&nbsp;777/2018, regarding Retained Earnings as of December&nbsp;31, 2022,
which reported a negative balance of AR$ 252,999,527,760 to:</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">1) Regarding the negative amount of AR$333,457,984,853 derived from
the adjustment for the loss of the higher value assigned to the assets and liabilities identified and incorporated as of January&nbsp;1,
2018 (effective date of the merger of Telecom Argentina and Cablevisi&oacute;n S.A.) which at that time led to the creation of the Contributed
Surplus, to be reclassified to the Contributed Surplus account, which consequently, after such allocation, will reach a balance of AR$493,712,733,262.</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">2) Regarding the difference in Retained Earnings, which amounts to
AR$80,458,457,093, to be allocated entirely to the Voluntary Reserve to maintain the capital investments level and the current level of
solvency of the Company. Consequently, the Retained Earnings as of December&nbsp;31, 2022, which amount to a negative balance of AR$252,999,527,760,
will be fully absorbed, affecting the Contributed Surplus and the Voluntary Reserve to maintain the Company&rsquo;s capital investments
level and the current level of solvency.</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="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">It was also resolved to grant the Board of Directors the authority
to withdraw, before December&nbsp;31,2023, 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 dividends in kind through global bonds due 2030 for a nominal
value of up to US$473,623,896.</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)&nbsp;<U>Consider the performance of Members
of the Board of Directors and Members of the Supervisory Committee who have served 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 performance of all of the Members of the Board
of Directors and Members of the Supervisory Committee who served during fiscal year 2022 was approved, until this Shareholders&acute;
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>5)&nbsp;<U>Consider the compensation for
the Members of the Board of Directors (allocated amount: AR$647,798,092) for the fiscal year ended December&nbsp;31, 2022, which reported
a computable loss according to the terms of the CNV Rules.</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,
2022 through December&nbsp;31, 2022, a total compensation of AR$ 647,798,092 was approved, to be distributed in the manner to be agreed
by the Board of Directors, among independent directors or directors who performed technical-administrative tasks or special assignments,
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>6)&nbsp;<U>Authorize the Board of Directors
to pay advances on fees to those Directors who during fiscal year to end December&nbsp;31, 2023 (Fiscal Year 2023) 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 2023 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>7)&nbsp;<U>Consider the compensation to
Members of the Supervisory Committee corresponding to the fiscal year ended December&nbsp;31, 2022. Proposal to pay the total amount of
AR$ 49,171,773.</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$ 49,171,773 for the
Members of the Supervisory Committee of Telecom Argentina was approved for their services provided from January&nbsp;1, 2022 to December&nbsp;31,
2022, 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>8)&nbsp;<U>Authorize the Board of Directors
to pay advances on fees to those Members of the Supervisory Committee who serve during Fiscal Year 2023 (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 2023, 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">9<B><I>)&nbsp;<U>Elect five (5)&nbsp;regular Members of the Supervisory
Committee to serve during Fiscal Year 2023.</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"></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">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>10)&nbsp;<U>Determine the number of alternate
Members of the Supervisory Committee to serve during Fiscal Year 2023 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 Luciano Nicol&aacute;s Gim&eacute;nez.</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 Mr.&nbsp;Luciano Nicol&aacute;s Gim&eacute;nez 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 Mr.&nbsp;Luciano Nicol&aacute;s Gim&eacute;nez 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>11)&nbsp;<U>Determine the compensation of
the Independent Auditors who served 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">A total compensation for audit services provided
by the Independent Auditors of the Financial Statements of Telecom Argentina for Fiscal Year 2022 was approved in the amount of AR$218,370,700
(not including VAT), of which AR$147,075,300 correspond to audit tasks of the Financial Statements, and AR$71,295,400 for the audit activities
conducted in connection with the certification under Section&nbsp;404 of the Sarbanes-Oxley Act</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)&nbsp;<U>Appoint the Independent Auditors
of the financial statements for Fiscal Year 2023 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, 2023.&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 2023, 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"><B><I>13)&nbsp;<U>Consider the budget for the Audit Committee for Fiscal
Year 2023 (AR$ 34,667,454).</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 2023 was set at the amount of AR$ 34,667,454.</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>14)&nbsp;<U>By virtue of the appointment
of Mr.&nbsp;Ignacio Cruz Moran as director, made by the Supervisory Committee on February&nbsp;28, 2023 pursuant to Section&nbsp;258,
second paragraph, of the Argentine General Corporations Law, consider the appointment of the director to be effective as of this Shareholders&rsquo;
Meeting and until the end of Fiscal Year 2023.</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">Mr.&nbsp;Ignacio Cruz Moran was appointed as a
director, proposed by Class&nbsp;A shares, to serve as of this Shareholders&rsquo; Meeting and until the end of fiscal year 2023.</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">Mr.&nbsp;Moran qualifies as an &ldquo;independent&rdquo;
director in accordance with the CNV and SEC 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"><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.</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="width: 50%; font-size: 10pt">&nbsp;</TD>
    <TD STYLE="width: 50%; font-size: 10pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Telecom Argentina S.A.</B></FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: center">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-size: 10pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>/s/ Andrea V. Cerd&aacute;n</B></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"><B>Attorney-in-fact</B></FONT></TD></TR>
  </TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

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

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    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B><U>ITEM 2.</U></B></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B><U>TELECOM ARGENTINA S.A.</U></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B><U><A NAME="a_002"></A>COMPOSITION OF THE SUPERVISORY COMMITTEE,
MEMBERS OF THE AUDIT COMMITTEE AND THE INDEPENDENT AUDITORS</U></B></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">Pursuant to the resolutions of the Ordinary and
Extraordinary General Shareholders&rsquo; Meeting held on April 27, 2023, the composition of the Supervisory Committee of Telecom Argentina
is as follows:</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 2.2pt 0pt 0; text-align: justify"><B><U>SUPERVISORY COMMITTEE: Regular
Members:</U></B> Mr. Pablo Andr&eacute;s Buey Fern&aacute;ndez, Mr. Pablo Gabriel San Mart&iacute;n, Mr. Alejandro H&eacute;ctor Massa,
Mrs. Mar&iacute;a Ximena Dig&oacute;n and Mr. Saturnino Jorge Funes. <B><U>Alternate Members:</U></B> Mr. Javier Alegr&iacute;a, Mr. Rub&eacute;n
Su&aacute;rez, Mr. Mat&iacute;as Alejandro Fredriks, Mrs Lucrecia Sofia Myburg D&iacute;az and Mr. Luciano Nicolas Gim&eacute;nez.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 2.2pt 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; background-color: white">The members of the Supervisory
Committee will hold office for a fiscal year.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Pursuant to that resolved by the Board of Directors
on its meeting celebrated on April 27, 2023, the composition of the Audit Committee is as follows:</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 2.2pt 0pt 0; text-align: justify"><B><U>AUDIT COMMITTEE:</U></B> Mr. Carlos
Alejandro Harrison (&ldquo;financial expert&rdquo; of the Audit Committee); Mr. Mart&iacute;n H&eacute;ctor D&acute;Ambrosio and Mr. Ignacio
Cruz Mor&aacute;n.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 2.2pt 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Pursuant to the resolutions of the Ordinary and
Extraordinary General Shareholders&rsquo; Meeting held on April 27, 2023, Price Waterhouse &amp; Co S.R.L. was designated as <B>Independent
Auditor of the Financial Statements for Fiscal Year 2023</B>, acting Mr. Alejandro Javier Rosa as regular certifying accountant, and Mr.
Reinaldo Sergio Cravero and Mr. Ezequiel Luis Miraz&oacute;n as his alternates.</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="width: 50%">&nbsp;</TD>
    <TD STYLE="width: 50%; text-align: center"><B>Telecom Argentina S.A.</B></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: center"><B>/s/ Andrea V. Cerd&aacute;n</B></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: center"><B>Attorney-in-fact</B></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; text-align: justify"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&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="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="2">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD COLSPAN="3"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Telecom </B></FONT><B>Argentina S.A.</B>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="2">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD COLSPAN="3">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Date:</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">April&nbsp;27, 2023</FONT></TD>
    <TD>&nbsp;</TD>
    <TD><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 STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">/s/ Luis Fernando Rial Ubago</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 5%">&nbsp;</TD>
    <TD STYLE="width: 45%">&nbsp;</TD>
    <TD STYLE="width: 2%">&nbsp;</TD>
    <TD STYLE="width: 5%">&nbsp;</TD>
    <TD STYLE="width: 5%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Name:</FONT></TD>
    <TD STYLE="width: 38%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Luis Fernando Rial Ubago</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Title:</FONT></TD>
    <TD><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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