<SEC-DOCUMENT>0001104659-25-018354.txt : 20250228
<SEC-HEADER>0001104659-25-018354.hdr.sgml : 20250228
<ACCEPTANCE-DATETIME>20250227173926
ACCESSION NUMBER:		0001104659-25-018354
CONFORMED SUBMISSION TYPE:	6-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20250227
FILED AS OF DATE:		20250228
DATE AS OF CHANGE:		20250227

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			TELECOM ARGENTINA SA
		CENTRAL INDEX KEY:			0000932470
		STANDARD INDUSTRIAL CLASSIFICATION:	TELEPHONE COMMUNICATIONS (NO RADIO TELEPHONE) [4813]
		ORGANIZATION NAME:           	06 Technology
		IRS NUMBER:				000000000
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		6-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-13464
		FILM NUMBER:		25681195

	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>
<DOCUMENT>
<TYPE>6-K
<SEQUENCE>1
<FILENAME>tm257696d1_6k.htm
<DESCRIPTION>FORM 6-K
<TEXT>
<HTML>
<HEAD>
     <TITLE></TITLE>
</HEAD>
<BODY STYLE="font: 10pt Times New Roman, Times, Serif">

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

<P STYLE="margin: 0"></P>

<!-- Field: Rule-Page --><DIV STYLE="margin-top: 3pt; 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">&nbsp;</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 February&nbsp;2025</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"><B>Telecom Argentina S.A.</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" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 44%; font-size: 10pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Form&nbsp;20-F&nbsp;&nbsp;</FONT></TD>
    <TD STYLE="text-align: center; width: 2%"><FONT STYLE="font-family: Wingdings">&#120;</FONT></TD>
    <TD STYLE="width: 4%; font-size: 10pt; text-align: center">&nbsp;</TD>
    <TD STYLE="width: 8%; font-size: 10pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Form&nbsp;40-F&nbsp;&nbsp;</FONT></TD>
    <TD STYLE="text-align: center; width: 2%"><FONT STYLE="font-family: Wingdings">&#168;</FONT></TD>
    <TD STYLE="width: 40%">&nbsp;</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>

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

<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>

<!-- Field: Page; Sequence: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="text-align: right; font: 10pt Times New Roman, Times, Serif; margin: 0pt">&nbsp;</P><P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right; margin: 0pt"></P></DIV>
    <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: center">&nbsp;</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center; margin-top: 0pt; margin-bottom: 0pt">&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" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="font-size: 10pt; vertical-align: top">
<TD STYLE="font-size: 10pt; width: 0.25in"></TD><TD STYLE="font-size: 10pt; width: 0.25in"><A HREF="#a_001">1.</A></TD><TD STYLE="font-size: 10pt; text-align: justify"><A HREF="#a_001"><B><I>English
                                            translation of letter dated February&nbsp;27, 2025, to the Argentine Securities&nbsp;&amp;
                                            Exchange Commission (Comisi&oacute;n Nacional de Valores)</I></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>

<!-- Field: Page; Sequence: 2 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="text-align: right; font: 10pt Times New Roman, Times, Serif; margin: 0pt">&nbsp;</P><P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right; margin: 0pt"></P></DIV>
    <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">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="font-size: 10pt">
    <TD STYLE="font-size: 10pt; vertical-align: top; width: 45%">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B><U><A NAME="a_001"></A>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">Buenos Aires, February&nbsp;27, 2025</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>Comisi&oacute;n Nacional de Valores</B></P></TD>
    <TD STYLE="vertical-align: middle; font-size: 10pt; text-align: right; width: 55%"><IMG SRC="tm257696d1_6kimg001.jpg" ALT=""></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: center"><B><I><U>Re.: Report on relevant information</U></I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B><I><U>Corporate Reorganization</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">Dear Sirs,</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; text-indent: 0.5in">I am writing to you as Attorney-in-fact
of Telecom Argentina S.A. (&ldquo;Telecom Argentina&rdquo; or the &ldquo;Company&rdquo;) to inform you that the Company&rsquo;s Board
of Directors, in a meeting held today, resolved to approve the corporate reorganization through which Telecom Argentina, as absorbing
and continuing company, will merge its controlled companies Negocios y Servicios S.A.U. and AVC Continente Audiovisual S.A. (hereinafter,
the &ldquo;Corporate Reorganization&rdquo; or the &ldquo;Reorganization&rdquo;), in compliance with sections 82 and subsequent of the
General Corporate Law and sections 80 and subsequent of the Income Tax Law.</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; text-indent: 0.5in">The Corporate Reorganization&rsquo;s
effective date is January&nbsp;1<SUP>st</SUP>, 2025.</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; text-indent: 0.5in">The Corporate Reorganization
and the documents approved by the Board of Directors will be considered by the Ordinary and Extraordinary General Shareholders&rsquo;
Meeting and Class&nbsp;&ldquo;A&rdquo; and Class&nbsp;&ldquo;D&rdquo; Shares Special Shareholders&rsquo; Meetings to be held on April&nbsp;25,
2025.</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; text-indent: 0.5in">In due legal time we will
submit the Reorganization&rsquo;s Prospectus and once Comisi&oacute;n Nacional de Valores&rsquo; authorization is obtained the corresponding
documentation shall be published in its&rsquo; Autopista de la Informaci&oacute;n Financiera.</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">Sincerely,</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><I>/s/Andrea V. Cerd&aacute;n</I></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><I>Attorney in fact</I></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>

<!-- Field: Page; Sequence: 3 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="text-align: right; font: 10pt Times New Roman, Times, Serif; margin: 0pt">&nbsp;</P><P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right; margin: 0pt"></P></DIV>
    <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; text-align: center">SIGNATURES</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-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 COLSPAN="3"><B>Telecom Argentina S.A.</B> <B></B></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="2">&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">February&nbsp;27, 2025</FONT></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: 3%">&nbsp;</TD>
    <TD STYLE="width: 5%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Name:</FONT></TD>
    <TD STYLE="width: 42%"><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><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="margin: 0"></P>

<!-- Field: Page; Sequence: 4; Options: Last -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="text-align: right; font: 10pt Times New Roman, Times, Serif; margin: 0pt">&nbsp;</P><P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right; margin: 0pt"></P></DIV>
    <!-- Field: /Page -->

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

</BODY>
</HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>2
<FILENAME>tm257696d1_6kimg001.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 tm257696d1_6kimg001.jpg
M_]C_X  02D9)1@ ! 0$ 8 !@  #_VP!#  @&!@<&!0@'!P<)"0@*#!0-# L+
M#!D2$P\4'1H?'AT:'!P@)"XG("(L(QP<*#<I+# Q-#0T'R<Y/3@R/"XS-#+_
MVP!# 0@)"0P+#!@-#1@R(1PA,C(R,C(R,C(R,C(R,C(R,C(R,C(R,C(R,C(R
M,C(R,C(R,C(R,C(R,C(R,C(R,C(R,C+_P  1"  P *\# 2(  A$! Q$!_\0
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,YTHTGM'8')M6/__9

end
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
