Telecom Argentina S.A. Announces the Commencement of the Exchange Offer and Consent Solicitation Relating to its 6.500% Notes due 2021.

The Exchange Offer and Consent Solicitation will expire at 11:59 p.m. (New York City time) on August 3, 2020 (such date and time with respect to the Exchange Offer and Consent Solicitation, as the same may be extended with respect to such Exchange Offer and Consent Solicitation, the "Expiration Date").