<SEC-DOCUMENT>0001104659-25-039290.txt : 20250425
<SEC-HEADER>0001104659-25-039290.hdr.sgml : 20250425
<ACCEPTANCE-DATETIME>20250425135136
ACCESSION NUMBER:		0001104659-25-039290
CONFORMED SUBMISSION TYPE:	6-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20250425
FILED AS OF DATE:		20250425
DATE AS OF CHANGE:		20250425

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
		EIN:				000000000
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		6-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-13464
		FILM NUMBER:		25872375

	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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<DESCRIPTION>FORM 6-K
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<P STYLE="margin: 0">&nbsp;</P>

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<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;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">
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    <TD STYLE="width: 25%">&nbsp;</TD>
    <TD STYLE="width: 15%; 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="border-bottom: Black 1pt solid; text-align: center; width: 8%"><FONT STYLE="font-family: Wingdings">&#120;</FONT></TD>
    <TD STYLE="width: 4%; font-size: 10pt; text-align: center">&nbsp;</TD>
    <TD STYLE="width: 15%; font-size: 10pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Form&nbsp;40-F</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: center; width: 8%"><FONT STYLE="font-family: Wingdings">&#168;</FONT></TD>
    <TD STYLE="width: 25%">&nbsp;</TD></TR>
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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: 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>Telecom 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: 0.5in"></TD><TD STYLE="width: 5%"><A HREF="#a_001">1.</A></TD><TD STYLE="text-align: justify"><A HREF="#a_001"><FONT><B><I><U>English translation of letter dated April&nbsp;25, 2025, to the Argentine
Securities&nbsp;&amp; Exchange Commission (Comisi&oacute;n Nacional de Valores)</U></I></B></FONT></A></TD></TR></TABLE>

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

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    <TD STYLE="width: 71%; font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B><U><A NAME="a_001"></A>FREE TRANSLATION</U></B></FONT></TD>
    <TD ROWSPAN="5" STYLE="width: 29%; text-align: left; font-size: 10pt"><IMG SRC="tm2513139d1_6kimg001.jpg" ALT="">&nbsp;</TD></TR>
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  <TR STYLE="vertical-align: top">
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Buenos Aires, April&nbsp;25,
2025</FONT></TD></TR>
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    <TD STYLE="font-size: 10pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Comisi&oacute;n Nacional
de Valores</B></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; text-align: center"><B><U>Summary of the Resolutions adopted by the
Ordinary and Extraordinary</U></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B><U>General Shareholders&rsquo; Meeting and Class&nbsp;&ldquo;A&rdquo;
and Class&nbsp;&ldquo;D&rdquo; shares Special Shareholders&rsquo; Meetings held on April&nbsp;25, 2025</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">The Shareholders&rsquo; Meeting was held with
shareholders participating in person.</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><U>1) Appointment of two shareholders to sign
the Minutes of the Meeting.</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">The representative of the shareholder Cablevisi&oacute;n
Holding S.A. and the representative of the 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><U>2) Consideration of the documentation required
by Law No.&nbsp;19,550 section 234 subsection 1, the Comisi&oacute;n Nacional de Valores (&ldquo;CNV&rdquo;) Rules, and the Bolsas y Mercados
Argentinos (&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-fifth Fiscal Year, ended December&nbsp;31, 2024 (&ldquo;Fiscal
Year 2024&rdquo;).</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">All of the documentation submitted for the consideration
of the Shareholders was approved without any changes, as approved by the Board of Directors, the Supervisory Committee and the Audit Committee,
and reported to the controlling 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><U>3) Consider the Retained Earnings as of
December&nbsp;31, 2024, which reported a positive balance of AR$1,012,403,588,560. Proposal to: (i)&nbsp;Allocate AR$50,620,179,428 to
establish the Legal Reserve; ii) Allocate AR$961,783,409,132 to the &ldquo;Voluntary reserve to maintain the capital investments level
and the Company&rsquo;s current level of solvency&rdquo;. (iii)&nbsp;Reclassify the amount of AR$93,077,304,540 from the account &ldquo;Voluntary
reserve to maintain the capital investments level and the Company&rsquo;s current level of solvency&rdquo; (which will amount, as a consequence,
to AR$1,164,365,049,990) by charging that amount to the account &ldquo;Contributed Surplus&rdquo;, which, after giving effect to such
reclassification, will total AR$2,488,650,848,653. (iv)&nbsp;Submit for the consideration of the Shareholders&rsquo; Meeting the delegation
of powers to the Board of Directors in order to totally or partially withdraw the &ldquo;Voluntary reserve to maintain the capital investments
level and the Company&rsquo;s current level of solvency&rdquo; and to distribute dividends in cash or in kind or any combination of both
options.</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">The Shareholders approved the proposal of the
Board of Directors adjusted as of March&nbsp;31, 2025, using the National Consumer Price Index (National CPI) published on April&nbsp;11,
2025, in accordance with the provisions of CNV Resolution No.&nbsp;777/2018, regarding Retained Earnings as of December&nbsp;31, 2023,
which reported a positive balance of AR$ 1,099,156,424,757:</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">1) Allocate AR$54,957,821,237 to establish the
Legal Reserve;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">2) Allocate AR$ 1,044,198,603,520 to the &ldquo;Voluntary
reserve to maintain the capital investments level and the Company&rsquo;s current level of solvency&rdquo;;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">3) Regarding the amount of AR$101,053,096,255,
that it be reclassified from the account &ldquo;Voluntary Reserve to maintain the Company&rsquo;s level of capital expenditures and its
current solvency level&rdquo; (thus reaching the amount of AR$1,264,139,459,719) and to be charged against the &ldquo;Contributed Surplus&rdquo;
account, which consequently, after such allocation, will reach a balance of AR$2,701,903,272,751;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">4) It was also approved to grant the Board of
Directors the authority to withdraw the &ldquo;Facultative Reserve to maintain the capital investments level and the current level of
solvency of the Company&rdquo; before December&nbsp;31, 2025 and distribute dividends in cash or in kind or any combination of both options
for up to a maximum amount of US$ 300 million.</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><U>4) Consideration of the performance of Members
of the Board of Directors and Members of the Supervisory Committee who have served during Fiscal Year 2024.</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">The performance of all of the Members of the Board
of Directors and Members of the Supervisory Committee who served during fiscal year 2024 was approved, until the date of 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><U>5) Consider the compensation for the Board
of Directors corresponding to the Fiscal Year 2024. Proposal to pay the total amount of AR$3,574,607,443, representing 0.37% of the accountable
earnings, calculated according to CNV Rules&nbsp;Title II, Chapter III, section 3.</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">For those Directors that served from January&nbsp;1,
2024 through December&nbsp;31, 2024, a total compensation of AR$ 3,574,607,443 was approved, to be distributed in the manner to be agreed
by the Board of Directors, taking into consideration the advance payments 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><U>6) Authorize the Board of Directors to pay
advances on fees to those Directors who during fiscal year to end December&nbsp;31, 2025 (Fiscal Year 2025) 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></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 2025 serve as independent directors or perform technical-administrative
tasks or perform special assignments, within the guidelines established by the General Corporations Law and contingent upon the resolutions
of the Shareholders&rsquo; 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><U>7) Consideration of the compensation to
Members of the Supervisory Committee corresponding to the fiscal year ended December&nbsp;31, 2024. Proposal to pay the total amount of
AR$ 328,782,707.</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">A total compensation of AR$ 328,782,707 for the
Members of the Supervisory Committee of Telecom Argentina was approved for their services provided from January&nbsp;1, 2024 to December&nbsp;31,
2024, 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 corresponding 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><U>8) Authorize the Board of Directors to pay
advances on fees to those Members of the Supervisory Committee who serve during Fiscal Year 2025 (contingent upon what the Shareholders&rsquo;
Meeting resolves).</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">The Board of Directors was authorized to pay advances
on fees to the Members of the Supervisory Committee who will serve during Fiscal Year 2025, 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><U>9) Elect five (5)&nbsp;regular Members of
the Supervisory Committee to serve during Fiscal Year 2025.</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">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><U>10) Determine the number of alternate Members
of the Supervisory Committee to serve during Fiscal Year 2025 and elect them.</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">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,
Mar&iacute;a Bel&eacute;n Galindez and Mar&iacute;a Guadalupe Lucotti.</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;Mar&iacute;a Bel&eacute;n Galindez and Mar&iacute;a Guadalupe Lucotti will serve as alternates, interchangeably, 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; text-align: justify">Mr.&nbsp;Javier Alegr&iacute;a, Mr.&nbsp;Mat&iacute;as
Alejandro Fredriks, Ms.&nbsp;Mar&iacute;a Bel&eacute;n Galindez and Mar&iacute;a Guadalupe Lucotti 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; 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"></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">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B><U>11) Determine the compensation of the Independent
Auditors who served during Fiscal Year 2024.</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">A total compensation for audit services provided
by the Independent Auditors of the Financial Statements of Telecom Argentina for Fiscal Year 2024 was approved in the amount of AR$1,321,871,100
(not including VAT), of which AR$903,131,100 correspond to audit tasks of the Financial Statements, and AR$418,740,000 for the audit activities
conducted in connection with the certification under Section&nbsp;404 of 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><U>12) Appoint the Independent Auditors of
the financial statements for Fiscal Year 2025.</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">&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, 2025.
Alejandro Javier Rosa will serve as the regular certifying accountant, and Reinaldo Sergio Cravero and Ezequiel Luis Mirazon will interchangeably
serve as his alternates.</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><U>13) Determine the compensation Independent
Auditors of the financial statements for the Fiscal Year 2025.</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">It was resolved that the compensation of the Independent
Auditors of the financial statements for the Fiscal Year 2025 shall be determined by the Shareholders&rsquo; Meeting considering the financial
documentation for Fiscal Year 2025, delegating to the Audit Committee the determination of the terms and conditions of service, 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; text-align: justify"><B><U>14) Consider the budget for the Audit Committee
for Fiscal Year 2025 (AR$ 188,131,000).</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">The budget for the operation of the Audit Committee
for Fiscal Year 2025 was set at the amount of AR$188,131,000.</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><U>15) Consider of the corporate reorganization
through which Telecom Argentina, as absorbing and continuing company, will merge with its controlled companies Negocios y Servicios S.A.U.
(&ldquo;NYSSA&rdquo;) and AVC Continente Audiovisual S.A. (&ldquo;AVC&rdquo;) (hereinafter, the &ldquo;Corporate Reorganization&rdquo;
or the &ldquo;Reorganization&rdquo;), effective January&nbsp;1st, 2025, in compliance with sections 82 and subsequent of the General Corporate
Law, sections 80 and subsequent of the Income Tax Law and the CNV Rules. Consider of the Individual Special Merger Financial Situation
Statement of Telecom Argentina and the Consolidated Special Merger Financial Situation Statement of Telecom Argentina, AVC and NYSSA,
both as from December&nbsp;31, 2024, with their respective reports of the Supervisory Committees, syndic and of the Independent Auditors.
Consider the Preliminary Merger Agreement entered into by Telecom Argentina, AVC and NYSSA on February&nbsp;27, 2025. Subscribe to the
Final Merger Agreement. Grant authorizations to request to the regulatory entities any necessary approvals and authorizations and to perform
all due submissions and procedures to obtain the corresponding registrations.</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">The Shareholders approved the corporate reorganization
whereby Telecom Argentina, as absorbing and continuing company, will merge NYSSA and AVC, effective January&nbsp;1st, 2025, in compliance
with sections 82 and subsequent of the General Corporate Law, sections 80 and subsequent of the Income Tax Law and the CNV Rules; the
Individual Special Merger Financial Situation Statement of Telecom Argentina and the Consolidated Special Merger Financial Situation Statement
of Telecom Argentina, AVC and NYSSA, both as from December&nbsp;31, 2024, with their respective Reports of the Supervisory Committees,
syndic and of the Independent Auditors; the Preliminary Merger Agreement and the other documents related with the Corporate Reorganization
that are detailed in item 15 of the 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">Mr.&nbsp;Marcos Palomba on behalf of the CNV and
Certified Public Accountant Eduardo Kupfer on behalf of the Buenos Aires Stock Exchange participated in the Meeting.</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"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></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"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 10pt; text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></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"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></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: 5 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="margin: 0pt">&nbsp;</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" STYLE="font-size: 10pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD COLSPAN="3" STYLE="font-size: 10pt"><FONT STYLE="font-size: 10pt"><B>Telecom Argentina S.A. &nbsp;</B></FONT></TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: top">
    <TD COLSPAN="2" STYLE="font-size: 10pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD COLSPAN="3" STYLE="font-size: 10pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="font-size: 10pt; 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;25, 2025</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="font-size: 10pt; 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="font-size: 10pt; vertical-align: top">
    <TD STYLE="font-size: 10pt; width: 5%"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 10pt; width: 45%"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 10pt; width: 3%"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 10pt; width: 5%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Name:</FONT></TD>
    <TD STYLE="font-size: 10pt; width: 42%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Luis Fernando Rial Ubago</FONT></TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: top">
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></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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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

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