Subsidiary

Jurisdiction of
incorporation

Telecom Argentina's
direct/indirect interest in
capital stock and votes

Name under which the
subsidiary does business

AVC Continente Audiovisual S.A.

​

Argentina

​

100.00%

​

AVC Continente Audiovisual

Inter Radios S.A.U.

​

Argentina

​

100.00%

​

Inter Radios

PEM S.A.U.

​

Argentina

​

100.00%

​

PEM

Cable Imagen S.R.L.

​

Argentina

​

100.00%

​

Cable Imagen

Personal Smarthome S.A.

​

Argentina

​

100.00%

​

Personal Smarthome

NYS2 S.A.U.

​

Argentina

​

100,00%

​

NYS2

Negocios y Servicios S.A.U.

​

Argentina

​

100.00%

​

NYSSA

Teledifusora San Miguel Arcángel S.A.

​

Argentina

​

100.00%

​

TSMA

Manda S.A.

​

Argentina

​

100.00%

​

Manda

Red Intercable Satelital S.A.U.

​

Argentina

​

100.00%

​

RISSAU

Micro Sistemas S.A.U.

​

Argentina

​

100.00%

​

Micro Sistemas

Ubiquo Chile Spa

​

Chile

​

95.00%

​

Ubiquo

Núcleo S.A.E.

​

Paraguay

​

67.50%

​

Núcleo

Televisión Dirigida S.A.

​

Paraguay

​

100.00%

​

Televisión Dirigida

Personal Envíos S.A.

​

Paraguay

​

67.50%

​

Personal Envíos

CrediPay S.A.

​

Paraguay

​

67.50%

​

CrediPay

Adesol S.A.

​

Uruguay

​

100.00%

​

Adesol

Opalker S.A.

​

Uruguay

​

100.00%

​

Opalker

Parklet S.A.

​

Uruguay

​

100.00%

​

Parklet

Saturn Holding LLC

​

USA

​

100.00%

​

Saturn

Naperville Investment LLC

​

USA

​

100.00%

​

Naperville

Micro Fintech Holding LLC

​

USA

​

100.00%

​

Micro Fintech Holding

Telecom Argentina USA Inc.

​

USA

​

100.00%

​

Telecom
Argentina USA