Telecom Argentina S A (TEO)

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Institutional Investors' Holdings

Filing Period:

No.	Name	Shares	Value	% Port
1.	Discerene Group Lp	667,890	$4,775,414	0.59%
2.	Mirae Asset Global Investments Co., Ltd.	457,898	$3,273,971	0%
3.	Rwc Asset Management Llp	371,578	$2,656,783	0.16%
4.	Rwc Asset Advisors (us) Llc	309,357	$2,211,903	0.17%
5.	Morgan Stanley	76,612	$547,777	0%