UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 6-K
REPORT OF FOREIGN PRIVATE ISSUER
Pursuant to Rule 13a-16 or 15d-16
of the Securities Exchange Act of 1934
For the month of November 2025
Commission File Number: 001-13464
Telecom Argentina S.A.
(Translation of registrant’s name into English)
General Hornos, No. 690, 1272
Buenos Aires, Argentina
(Address of principal executive offices)
Indicate by check mark whether the registrant
files or will file annual reports under cover of Form 20-F or Form 40-F:
Telecom Argentina S.A.
TABLE OF CONTENTS
Item
| 1. | English translation of letter dated
November 10, 2025, to the Argentine Securities & Exchange Commission (Comisión
Nacional de Valores) |
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FREE TRANSLATION
Buenos Aires, November 10, 2025
Comisión Nacional de Valores |
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Re.: Dividend Distribution and Reserve
Withdrawal
Dear Sirs,
I am writing to you in my capacity as Chairman
of Telecom Argentina S.A. (“Telecom Argentina” or the “Company”) in order to inform you that, in exercise of the
powers delegated to it by the Ordinary and Extraordinary General Shareholders’ Meeting of the Company held on April 25, 2025,
the Board of Directors of Telecom Argentina has resolved, on today’s date, as follows:
| · | To partially withdraw the “Discretionary
reserve to maintain the level of investments in capital goods and the current solvency level of the Company” in the amount of ARS
220,482,202,397. |
| · | To make a dividend distribution in kind, through
the distribution to its shareholders of Global Bonds of the Argentine Republic denominated in U.S. Dollars, maturing on July 9, 2030
(Security Code: GD30 – ISIN US040114HS26) (the “2030 Global Bonds”), held in the Company’s portfolio, for a total
nominal value of USD 197,788,498, at a ratio of USD 0.091837117 nominal value of 2030 Global Bonds per share of the Company, to be made
available immediately, with settlement through Caja de Valores S.A. where applicable, on November 14, 2025. |
| · | To make a cash dividend distribution in the amount
of ARS 29,359,176,779, to be made available on November 25, 2025, at a ratio of ARS 13.632047274 per share of the Company. Such cash
dividend distribution will be mainly applied to the recovery of the amount paid by the Company in respect of the Personal Assets Tax (pursuant
to the unnumbered article following Article 25 of Law No. 23,966, as amended), corresponding to the 2024 fiscal year. Therefore,
the applicable deduction related to said tax will be applied to the cash dividend, where appropriate. |
As these dividends correspond to earnings generated
as from January 1, 2018, they shall, in accordance with the provisions of Law No. 27,430, be subject, where applicable, to a
7% income tax withholding.
Sincerely,
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Telecom Argentina S.A. |
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/s/Carlos A. Moltini |
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Chairman |
SIGNATURES
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.
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Telecom Argentina S.A. |
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| Date: |
November 10, 2025 |
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By: |
/s/ Luis Fernando Rial Ubago |
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Name: |
Luis Fernando Rial Ubago |
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Title: |
Responsible for Market Relations |