Telecom Argentina S.A. (BASE:TECO2) acquired Negocios y Servicios S.A on June 1, 2022. As of September 30, 2022, Total consideration of this transaction is ARS 710.7 million. Telecom Argentina S.A has paid the base amount of 40% of ARS 284.4 million as a part of transaction. The remaining balance will be paid in four equal and consecutive annual installments, and will accrue an interest on balances of 6% per year in dollars. As of September 30, 2022 the debt amounts to ARS 630 million, of which ARS 167 are current and ARS 463 million are non-current. On August 24, 2022, the General Ordinary and Extraordinary Shareholders' Meeting of NYSSA has approved: i) the adequacy of the company as a “Sociedad Anónima Unipersonal “ (Sole Shareholder Company); and ii) the change of the closing date of the fiscal year from June 30 to December 31, in order to facilitate consolidation with its parent company. These modifications were pending to be registered in the Public Registry of Mendoza as of September 30, 2022 (our latest public FFSS up to date), but were completed on December 26, 2022.

Telecom Argentina S.A. (BASE:TECO2) completed the acquisition of Negocios y Servicios S.A on June 1, 2022.