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Contacts : Fernando Balmaceda ( 5411 ) 4968 5222 Luis Fernando Rial Ubago ( 5411 ) 5112 7218 telecom Telecom Argentina S.A. announces consolidated results for the nine month period ( " 9M21 " ) and third quarter of fiscal year 2021 ( “ 3Q21 ” ) ** Market Cap ( NYSE : TEO ) : US $ 2,279 million * Note : For the figures included in their FFSS , the Company has accounted for the effects of inflation adjustment adopted by Resolution 777/18 of the Comisión Nacional de Valores ( " CNV " ) , which establishes that the restatement will be applied to the annual financial statements , for intermediate and special periods ended as of December 31 , 2018 inclusive . Accordingly , the reported figures corresponding to 9M21 include the effects of the adoption of inflationary accounting in accordance with IAS 29. Finally , comments related to variations of results of 9M21 and vs. 9M20 mentioned in this press release correspond to " figures restated by inflation " or " constant " . Moreover , Table 3 contemplates information broken down by segment for periods ended as of September 30 of 2021 and 2020 , as analyzed by the Executive Committee and the CEO , who receive periodically the financial information of Telecom and its subsidiaries ( in historical values ) . For further details , please refer to the titles of the financial tables beginning from page 10 . * Market Cap as of November 8th , 2021 ** Unaudited non financial data ■ For comparative purposes , it is important to highlight that the results adjusted by inflation corresponding to September 2020 contain the effect of the year over year inflation as of September 2021 , which amounted to 52.5 % . Consolidated Revenues amounted to P $ 292,983 million in 9M21 . Service Revenues totaled P $ 272,173 million ( -9.4 % in constant currency vs. 9M20 ) , in a context where inflation is still high . Service revenues for 3Q21 totaled P $ 89,578 million ( + 0.5 % in constant currency vs 2Q21 ) . Mobile clients in Argentina reached 19.5 million in 9M21 ( +266 thousand vs. 2Q21 ) , cable TV subscribers totaled approximately 3.6 million ( +16 thousand vs. 2Q21 ) , while broadband accesses amounted to almost 4.2 million ( +14 thousand vs. 2Q21 ) . Operating Income before Depreciation and Amortization amounted to P $ 95,398 million in 9M21 ( -16.0 % vs. 9M20 ) . Operating Income totaled P $ 1,185 million ( -96.0 % vs. 9M20 ) . The Company's Net Income amounted to P $ 1,025 million in 9M21 . Income tax expense totaled P $ 30,960 million , which was partially offset by positive net financial results of P $ 30,590 million . Investments ( including rights of use assets ) reached P $ 66,519 million in 9M21 , equivalent to 22.7 % of Consolidated Revenues . Net Financial Debt amounted to P $ 223,416 million in 9M21 , ( -6.8 % in constant currency vs. FY20 ) . 1