| INTANGIBLE ASSETS |
NOTE 10 – INTANGIBLE ASSETS | | | | | | | As of December 31, | | | 2024 | | 2023 | Intangible assets | | 2,403,037 | | 2,497,529 | Impairment allowance | | (90,104) | | (90,085) | | | 2,312,933 | | 2,407,444 |
Details on the nature and movements of intangible assets as of December 31, 2024 and 2023 are as follows: | | | | | | | | | | | | | | | Gross value as of | | Incorporation | | | | | | | | Gross value as of | | | December 31, | | by acquisition | | | | Currency translation | | | | December 31, | | | 2023 | | (Note 28) | | CAPEX | | adjustments | | Decreases | | 2024 | 5G licenses | | 460,474 | | — | | — | | — | | — | | 460,474 | 3G/4G licenses | | 1,018,992 | | — | | — | | — | | — | | 1,018,992 | PCS and SRCE licenses (Argentina) | | 536,709 | | — | | — | | — | | — | | 536,709 | Núcleo´s licenses | | 137,102 | | — | | 596 | | (9,060) | | — | | 128,638 | Customer relationship | | 718,778 | | 4,542 | | 33 | | (412) | | (7,074) | | 715,867 | Brands | | 676,655 | | — | | — | | — | | 29 | | 676,684 | Incremental Cost from the acquisitions of contracts | | 47,603 | | — | | 11,135 | | (2,005) | | (26,770) | | 29,963 | Content activation | | 10,079 | | — | | 2,502 | | — | | — | | 12,581 | Internally generated software | | 107,065 | | — | | 39,899 | | 7 | | — | | 146,971 | Other | | 50,269 | | — | | 1 | | (1,390) | | — | | 48,880 | Total | | 3,763,726 | | 4,542 | | 54,166 | | (12,860) | | (33,815) | | 3,775,759 |
| | | | | | | | | | | | | | | Accumulated | | | | | | | | Accumulated | | Net carrying | | | amortization as of | | | | Currency | | | | amortization as of | | value as of | | | December 31, | | | | translation | | | | December 31, | | December 31, | | | 2023 | | Amortization | | adjustments | | Decreases | | 2024 | | 2024 | 5G licenses | | (5,756) | | (23,028) | | — | | — | | (28,784) | | 431,690 | 3G/4G licenses | | (406,463) | | (69,496) | | — | | — | | (475,959) | | 543,033 | PCS and SRCE licenses (Argentina) | | — | | — | | — | | — | | — | | 536,709 | Núcleo´s licenses | | (31,210) | | (2,986) | | 1,082 | | — | | (33,114) | | 95,524 | Customer relationship | | (683,263) | | (8,712) | | — | | 7,074 | | (684,901) | | 30,966 | Brands | | (5,458) | | — | | — | | (29) | | (5,487) | | 671,197 | Incremental Cost from the acquisitions of contracts | | (29,747) | | (16,815) | | 201 | | 26,726 | | (19,635) | | 10,328 | Content activation | | (7,092) | | (2,698) | | — | | — | | (9,790) | | 2,791 | Internally generated software | | (58,509) | | (12,069) | | — | | — | | (70,578) | | 76,393 | Other | | (38,699) | | (5,995) | | 220 | | — | | (44,474) | | 4,406 | Total | | (1,266,197) | | (141,799) | | 1,503 | | 33,771 | | (1,372,722) | | 2,403,037 |
| | | | | | | | | | | | | | | Gross value as of | | | | Currency | | | | | | Gross value as | | | December 31, | | | | translation | | | | | | of December 31, | | | 2022 | | CAPEX | | adjustments | | Transfers | | Decreases | | 2023 | 5G licenses | | — | | 460,474 | | — | | — | | — | | 460,474 | 3G/4G licenses | | 1,018,992 | | — | | — | | — | | — | | 1,018,992 | PCS and SRCE licenses (Argentina) | | 536,709 | | — | | — | | — | | — | | 536,709 | Núcleo´s licenses | | 128,438 | | 1,692 | | 6,972 | | — | | — | | 137,102 | Customer relationship | | 716,816 | | — | | 1,962 | | — | | — | | 718,778 | Brands | | 676,655 | | — | | — | | — | | — | | 676,655 | Incremental Cost from the acquisitions of contracts | | 69,064 | | 14,103 | | (27) | | — | | (35,537) | | 47,603 | Content activation | | 6,146 | | 3,933 | | — | | — | | — | | 10,079 | Internally generated software | | 67,483 | | 39,338 | | — | | 244 | | — | | 107,065 | Other | | 43,037 | | 6,245 | | 1,231 | | (244) | | — | | 50,269 | Total | | 3,263,340 | | 525,785 | | 10,138 | | — | | (35,537) | | 3,763,726 |
| | | | | | | | | | | | | | | Accumulated | | | | | | | | Accumulated | | Net carrying | | | amortization as of | | | | Currency | | | | amortization as of | | value as of | | | December 31, | | | | translation | | | | December 31, | | December 31, | | | 2022 | | Amortization | | adjustments | | Decreases | | 2023 | | 2023 | 5G licenses | | — | | (5,756) | | — | | — | | (5,756) | | 454,718 | 3G/4G licenses | | (337,084) | | (69,379) | | — | | — | | (406,463) | | 612,529 | PCS and SRCE licenses (Argentina) | | — | | — | | — | | — | | — | | 536,709 | Núcleo´s licenses | | (27,046) | | (2,828) | | (1,336) | | — | | (31,210) | | 105,892 | Customer relationship | | (569,256) | | (113,439) | | (568) | | — | | (683,263) | | 35,515 | Brands | | (5,458) | | — | | — | | — | | (5,458) | | 671,197 | Incremental Cost from the acquisitions of contracts | | (41,712) | | (23,394) | | (178) | | 35,537 | | (29,747) | | 17,856 | Content activation | | (2,993) | | (4,099) | | — | | — | | (7,092) | | 2,987 | Internally generated software | | (53,245) | | (5,264) | | — | | — | | (58,509) | | 48,556 | Other | | (29,174) | | (9,323) | | (202) | | — | | (38,699) | | 11,570 | Total | | (1,065,968) | | (233,482) | | (2,284) | | 35,537 | | (1,266,197) | | 2,497,529 |
Movements in the impairment of Intangible assets are as follows: | | | | | | | Years ended December 31, | | | 2024 | | 2023 | At the beginning of the year | | (90,085) | | (89,887) | Increases | | (19) | | (198) | At the end of the year | | (90,104) | | (90,085) |
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