Exhibit 8.1

Telecom Argentina S.A.
Subsidiaries

Name	Jurisdiction of Incorporation
Núcleo S.A.	Paraguay
Personal Envíos S.A. (1)	Paraguay
Tuves Paraguay (1)	Paraguay
Micro Sistemas S.A. (2)	Argentina
Telecom Argentina USA, Inc.	Delaware, United States

(1)Interest held indirectly through Núcleo S.A.

(2)Dormant subsidiary as of December 31, 2017.