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 March 2020
Commission File Number: 001-13464
Telecom Argentina S.A.
(Translation of registrant’s name into English)
Alicia Moreau de Justo, No. 50, 1107
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:
Form 20-F x Form 40-F o
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1):
Yes o No x
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7):
Yes o No x
Telecom Argentina S.A.
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Buenos Aires, March 19, 2020
Chairman of the Comisión Nacional de Valores
Dr. Adrian Cosentino
RE.: Proposal on the Results for Fiscal year ended December 31, 2019
I am writing to you in my capacity of Chairman of TELECOM ARGENTINA S.A. (“Telecom Argentina” or the “Company”), in order to inform you that the Board of Directors of the Company, in its meeting held today, resolved to submit the following proposal to the shareholders with respect to the Retained Earnings as of December 2019, which report a negative balance of $ 6,153,750,582:
1) Absorb the amount of $1,791,315,166 from the “Voluntary Reserve for Capital Investments”.
2) Absorb the amount of $4,362,435,416 from the “Facultative Reserve to maintain the capital investments level and the current level of solvency of the Company”.
3) It is also proposed to reclassify the amount of $10,100,184,373 from the “Facultative Reserve to maintain the capital investments level and the current level of solvency of the Company” (which would thus amount to $43,697,698,725) by charging that amount to the account “Contributed Surplus”, which, as a result of this reclassification, will total $185,800,739,389.
Please note that this proposal sets forth amounts in constant currency as of December 31, 2019.
Sincerely,
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Telecom Argentina S.A. |
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/s/ Alejandro Alberto Urricelqui |
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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: March 19, 2020 |
By: |
/s/ Fernando J. Balmaceda |
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Name: |
Fernando J. Balmaceda |
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Title: |
Responsible for Market Relations |