<SEC-DOCUMENT>0001104659-25-092574.txt : 20250923
<SEC-HEADER>0001104659-25-092574.hdr.sgml : 20250923
<ACCEPTANCE-DATETIME>20250923171734
ACCESSION NUMBER:		0001104659-25-092574
CONFORMED SUBMISSION TYPE:	6-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20250923
FILED AS OF DATE:		20250923
DATE AS OF CHANGE:		20250923

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:		251334574

	BUSINESS ADDRESS:	
		ADDRESS IS A NON US LOCATION: 	YES
		STREET 1:		GENERAL HORNOS, NO. 690
		CITY:			BUENOS AIRES
		PROVINCE COUNTRY:   	C1
		BUSINESS PHONE:		54-11-4968-4000

	MAIL ADDRESS:	
		ADDRESS IS A NON US LOCATION: 	YES
		STREET 1:		GENERAL HORNOS, NO. 690
		CITY:			BUENOS AIRES
		PROVINCE COUNTRY:   	C1

	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>tm2526780d1_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: 0; margin-bottom: 0; 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 September&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>

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

<!-- Field: Rule-Page --><DIV STYLE="margin-top: 0; margin-bottom: 0; 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: center; margin-top: 0pt; margin-bottom: 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; 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">1.</TD><TD STYLE="text-align: justify"><B><I><A HREF="#a_001">English translation of letter dated September&nbsp;23, 2025, to the Argentine Securities&nbsp;&amp; Exchange Commission (Comisi&oacute;n Nacional de Valores)</A></I></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"></P>

<!-- Field: Page; Sequence: 2 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="text-align: center; margin-top: 0pt; margin-bottom: 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-size: 10pt; width: 100%; border-collapse: collapse">
  <TR>
    <TD STYLE="vertical-align: top">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><A NAME="a_001"></A><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">Buenos Aires, September&nbsp;23, 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 COLSPAN="2" STYLE="vertical-align: top; font-size: 10pt; text-align: right"><IMG SRC="tm2526780d1_6kimg001.jpg" ALT=""><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"></FONT></TD>
    <TD STYLE="font-size: 10pt">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="width: 45%">&nbsp;</TD>
    <TD STYLE="width: 2%">&nbsp;</TD>
    <TD STYLE="width: 51%">&nbsp;</TD>
    <TD STYLE="width: 2%">&nbsp;</TD></TR>
  </TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B><I><U>Re.: Relevant Matter</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">I am writing to you as Responsible for Market
Relations of Telecom Argentina S.A. (&ldquo;Telecom Argentina&rdquo; or the &ldquo;Company&rdquo;), located at General Hornos 690, City
of Buenos Aires, to inform you that today, in connection with the loan agreement (the &quot;Loan&quot;) entered into between the Company
and the Bank of China Limited (Panama Branch) (&ldquo;BoC&rdquo;) on September&nbsp;19, 2025, the Company received from BoC a disbursement
for an amount of RMB 530,000,000 (five hundred and thirty million Renminbi), maturing in September&nbsp;2028.</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/Luis Fernando Rial Ubago</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>Responsible for Market Relations</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: center; margin-top: 0pt; margin-bottom: 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="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 COLSPAN="3">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="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><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">September&nbsp;23, 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>

<!-- Field: Page; Sequence: 4; Options: Last -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="text-align: center; margin-top: 0pt; margin-bottom: 0pt"></P></DIV>
    <!-- Field: /Page -->

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

</BODY>
</HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>2
<FILENAME>tm2526780d1_6kimg001.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 tm2526780d1_6kimg001.jpg
M_]C_X  02D9)1@ ! 0$ 8 !@  #_VP!#  @&!@<&!0@'!P<)"0@*#!0-# L+
M#!D2$P\4'1H?'AT:'!P@)"XG("(L(QP<*#<I+# Q-#0T'R<Y/3@R/"XS-#+_
MVP!# 0@)"0P+#!@-#1@R(1PA,C(R,C(R,C(R,C(R,C(R,C(R,C(R,C(R,C(R
M,C(R,C(R,C(R,C(R,C(R,C(R,C(R,C+_P  1"  G *X# 2(  A$! Q$!_\0
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;,=K#G8K,6(R23R>>I-%%'M)\O)?3L%W:Q__9

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