<SEC-DOCUMENT>0001104659-25-108448.txt : 20251107
<SEC-HEADER>0001104659-25-108448.hdr.sgml : 20251107
<ACCEPTANCE-DATETIME>20251107155603
ACCESSION NUMBER:		0001104659-25-108448
CONFORMED SUBMISSION TYPE:	6-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20251107
FILED AS OF DATE:		20251107
DATE AS OF CHANGE:		20251107

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:		251462422

	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>tm2530542d2_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: 0pt; margin-bottom: 0pt; 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 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 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; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">For the month of November 2025</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">Commission File Number: 001-13464</P>

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>General Hornos, No. 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; text-align: center">&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 20-F or Form 40-F:</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"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Form&nbsp;20-F&#8239;</FONT><FONT STYLE="font-family: Wingdings">&#120;</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Form&nbsp;40-F
</FONT><FONT STYLE="font-family: Wingdings; font-size: 10pt">&#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: 0pt; margin-bottom: 0pt; 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="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: center">&nbsp;</P>

<P STYLE="font: 14pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>Telecom
</B></FONT><B>Argentina S.A.</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: 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"><B>&nbsp;</B></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"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">1.</FONT></TD><TD STYLE="text-align: justify"><A HREF="#a_001"><B><I>English translation of letter dated November 7, 2025, to the Argentine Securities &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 0pt 0.5in; text-align: justify; color: blue"><B><I>&nbsp;</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; color: blue"><B><I></I></B></P>

<!-- Field: Page; Sequence: 2 -->
    <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 0pt 0.5in; text-align: justify; color: blue"><B><I>&nbsp;</I></B></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR>
    <TD STYLE="vertical-align: top; width: 47%"><P STYLE="margin-top: 0; margin-bottom: 0"><A NAME="a_001"></A><B><U>FREE TRANSLATION</U></B></P>
                                    <P STYLE="margin-top: 0; margin-bottom: 0">&nbsp;</P>
                                    <P STYLE="margin-top: 0; margin-bottom: 0">Buenos Aires, November 7, 2025</P>
                                    <P STYLE="margin-top: 0; margin-bottom: 0">&nbsp;</P>
                                    <P STYLE="margin-top: 0; margin-bottom: 0"><B>Comisi&oacute;n
Nacional de Valores</B></P></TD>
    <TD STYLE="vertical-align: top; font-size: 10pt; text-align: right; width: 53%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><IMG SRC="tm2530542d2_6kimg001.jpg" ALT=""></FONT>&nbsp;</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-top: 0pt; margin-bottom: 0pt; 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 0pt 5.1pt; text-align: justify">&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; text-align: justify">&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, within the framework of the loan agreement (the &quot;Loan&quot;) signed between the Company
and the Bank of China Limited (Panama Branch) (&ldquo;BoC&rdquo;) on September 19, 2025, the Company received from BoC a disbursement
for an amount of RMB 500,000,000 (five hundred million Renminbi), maturing in September 2028.</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 0; text-align: justify">Sincerely,&nbsp;</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; text-indent: 0in">&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; text-indent: 0.25in">&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"><FONT STYLE="font-size: 10pt"><B>Telecom </B></FONT><B>Argentina S.A.</B> <B>&nbsp;</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>November 7, 2025</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; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.25in"></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.25in">&nbsp;</P>

</BODY>
</HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>2
<FILENAME>tm2530542d2_6kimg001.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 tm2530542d2_6kimg001.jpg
M_]C_X  02D9)1@ ! 0$ 8 !@  #_VP!#  @&!@<&!0@'!P<)"0@*#!0-# L+
M#!D2$P\4'1H?'AT:'!P@)"XG("(L(QP<*#<I+# Q-#0T'R<Y/3@R/"XS-#+_
MVP!# 0@)"0P+#!@-#1@R(1PA,C(R,C(R,C(R,C(R,C(R,C(R,C(R,C(R,C(R
M,C(R,C(R,C(R,C(R,C(R,C(R,C(R,C+_P  1" !! +D# 2(  A$! Q$!_\0
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MYY\9==N-2\4V/A2.Z6VLU\MIW=]J;W/!8_W5&#^)J[_P@?PN_LS[/_PDEO\
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M88TN(Q+"%!=G0]&"@$X]Z\^^+]S<W?PQTB:]6);MKJ/SA"X= ^Q\X(XQFI?
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M **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@
MHHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH **** /_
!V0$!

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