Telecom Argentina S A (TEO)

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Institutional Investors' Holdings

Filing Period:

No.	Name	Shares	Value	% Port
1.	Mirae Asset Global Etfs Holdings Ltd.	1,863,367	$13,546,678	0.02%
2.	Fourth Sail Capital Lp	1,632,222	$11,866,254	2.87%
3.	Banco Btg Pactual S.a.	374,805	$2,724,832	0.4%
4.	Ubs Group Ag	233,626	$1,698,461	0%
5.	Two Sigma Investments, Lp	204,172	$1,484,330	0%