Recent Updates — TCMFF

Telecom Argentina S.A. received a resignation letter from Director Luca Luciani due to personal reasons, effective as of the Shareholders’ Meeting that shall appoint his replacement. The Board of Directors will consider this resignation at its next meeting. This filing reports a change in corporate governance and leadership structure for the telecommunications company operating in Argentina.

Telecom Argentina S.A. received a resignation letter on October 30, 2026, from Director Diego Miguel Bianchi, whose appointment was proposed by FGS Anses. The resignation is effective immediately and is attributed to personal reasons. The Board of Directors will consider the resignation at its next meeting. Telecom Argentina operates in the telecommunications industry, providing wireless and fixed-line services.

Telecom Argentina's Board of Directors approved the sale of its mobile services and residential internet customer packages, along with related spectrum rights and fiber-to-the-home infrastructure in Buenos Aires, to CPS Comunicaciones S.A. (Metrotel). The transaction follows regulatory approval by the Argentine Antitrust Tribunal, which appointed a monitoring agent for this remedy tied to a prior economic concentration deal. The total consideration is $450 million plus applicable taxes, payable in installments comprising asset transfer fees and a guaranteed minimum under a Framework Sharing Agreement that includes RAN sharing and roaming arrangements. Telecom Argentina operates telecommunications services in Argentina.