v3.25.4
GOODWILL
12 Months Ended
Dec. 31, 2025
GOODWILL  
GOODWILL

NOTE 8 – GOODWILL

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December 31, 

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2025

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2024

ICT Services in Argentina – Personal Network

 

4,405,108

 

4,405,108

ICT Services in Argentina – TMA Network

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12,840

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—

Other segments

 

26,050

 

31,628

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4,443,998

 

4,436,736

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Movements in Goodwill are as follows:

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December 31, 

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2025

  ​ ​ ​

2024

At the beginning of the year

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4,436,736

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4,422,870

Increases (1)

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12,840

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30,208

Decreases (2)

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(6)

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—

Impairment (3)

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(15,941)

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—

Currency translation adjustments

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10,369

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(16,342)

At the end of the year

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4,443,998

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4,436,736

(1)

In 2025 corresponds to the acquisition of TMA. See Note 29. In 2024 corresponds to the acquisitions of TSMA and Manda.

(2)

Corresponds to the sale of Openxpand’s equity interest in May 2025.

(3)

Corresponds to the impairment on the goodwill of the Adesol CGU. See Note 3.m).