Informa World Cellular Investors Info-June-2011

Notes and summary of last quarter's activity

Company summary Investors by country

Regional summary Historical Summary

Subscriber summary M&A Activity

Top 100 operators

America Movil Portugal Telecom

AT&T Inc Qtel

Axiata Singapore Telecom

Bharti Airtel SK Telecom

China Mobile CC Sprint Nextel

China Telecom STC

China Unicom Tele2 Holding

Deutsche Telekom Telecom Italia

Digicel Telefonica SA

Etisalat Telekom Austria

France Telecom Telenor

Hutchison Whampoa TeliaSonera

KDDI Turkcell

KPN Verizon

MIC VimpelCom

MTN Vodacom

MTS Vodafone

NTT DoCoMo Warid

China Mobile CC

Vodafone

America Movil

Telefonica SA

Bharti Airtel

China Unicom

Singapore Telecom

France Telecom

Deutsche Telekom

AT&T Inc

0 50 100 150 200 250 300 350 400 450 500

Africa Americas Asia Pacific Europe: Eastern Europe: Western Middle East USA/Canada

Proportionate subscriptions (millions)

Source: World Cellular Investors

The source for all data in this spreadsheet is Informa Telecoms & Media's World Cellular Information Servce. The subscription information is contained within the World Cellular Subscribers Database. The equity data comes from the Network Owners/Investors Database.

World Cellular Investors

Summary Top 10 global investors and operators by proportionate equity subscriptions (March 2011)

Investors included in this report

Source

Notes and Methodology

© Informa UK Limited 2011. All rights reserved.

Orascom Zain Content notes

OTE Methodology


The contents of this product are protected by international copyright laws, database rights and other intellectual property rights. The owner of these rights is Informa UK Limited, our affiliates or other third party licensors. All product and company names and logos contained within or appearing on this product are the trade marks, service marks or trading names of their respective owners, including Informa UK Limited. This product may not be copied, reproduced, distributed or transmitted in any form or by any means without the prior permission of Informa UK Limited.

Whilst reasonable efforts have been made to ensure that the information and content of this product was correct as at the date of first publication, neither Informa UK Limited nor any person engaged or employed by Informa UK Limited accepts any liability for any errors, omissions or other inaccuracies. Readers should independently verify any facts and figures as no liability can be accepted in this regard - readers assume full responsibility and risk accordingly for their use of such information and content.

Any views and/or opinions expressed in this product by individual authors or contributors are their personal views and/or opinions and do not necessarily reflect the views and/or opinions of Informa UK Limited.

China Mobile CC

Vodafone

America Movil

Telefonica SA

Bharti Airtel

China Unicom

Singapore Telecom

France Telecom

Deutsche Telekom

AT&T Inc

0 50 100 150 200 250 300 350 400 450 500




The source for all data in this spreadsheet is Informa Telecoms & Media's World Cellular Information Servce. The subscription information is contained within the World Cellular Subscribers Database. The equity data comes from the Network Owners/Investors Database.

Contact: [email protected] 2011 edition |

Top 10 global investors and operators by proportionate equity subscriptions (March 2011)

Source

Notes and Methodology


The contents of this product are protected by international copyright laws, database rights and other intellectual property rights. The owner of these rights is Informa UK Limited, our affiliates or other third party licensors. All product and company names and logos contained within or appearing on this product are the trade marks, service marks or trading names of their respective owners, including Informa UK Limited. This product may not be copied, reproduced, distributed or transmitted in any form or by any means without the prior permission of Informa UK Limited.

Whilst reasonable efforts have been made to ensure that the information and content of this product was correct as at the date of first publication, neither Informa UK Limited nor any person engaged or employed by Informa UK Limited accepts any liability for any errors, omissions or other inaccuracies. Readers should independently verify any facts and figures as no liability can be accepted in this regard - readers assume full responsibility and risk accordingly for their use of such information and content.

Any views and/or opinions expressed in this product by individual authors or contributors are their personal views and/or opinions and do not necessarily reflect the views and/or opinions of Informa UK Limited.

Company summary by proportionate subscriptions (March 2011 data)

Company Africa Americas Asia Pacific Europe: Eastern

0 0 455,874,789 049,710,491 0 15,614,603 19,090,379

0 212,059,524 0 035,443 132,074,220 13,020,482 4,007,364

40,718,969 0 163,020,908 00 0 172,901,100 0

13,132,335 0 154,521,193 033,216,839 3,625,825 169,218 22,417,021

32,214 481,000 0 25,840,0520 19,622,001 0 00 0 66,080,499 42,469,103

85,451,923 0 0 00 0 0 105,607,5000 0 99,757,600 00 0 93,287,049 67,4730 0 1,213,350 89,366,9090 57,626,590 0 0

28,073,239 0 53,044,690 00 0 3,105,720 45,278,5720 0 74,493,893 00 0 0 00 0 58,390,647 00 226,500 0 0

15,438,444 0 13,958,448 06,364,186 0 30,205,062 0

0 0 0 8,751,6990 0 21,661,761 0

2,066,846 0 12,297,138 015,201,925 19,062,671 396,287 033,917,787 0 0 0

0 0 0 00 0 0 23,161,080

11,133,050 0 0 00 0 0 12,258,8250 0 0 13,598,680

1,111,173 0 13,846,300 01,746,522 10,267,086 350,798 0

0 10,335,144 1,919,370 00 0 10,049,801 0

Total 337,351,385 465,380,560 1,529,180,703 411,914,657

China Mobile CCVodafoneAmerica MovilTelefonica SABharti AirtelChina UnicomSingapore TelecomFrance TelecomDeutsche TelekomAT&T IncTelenorMTNMTSChina TelecomNTT DoCoMoVimpelComTelecom ItaliaOrascomTeliaSoneraAxiataVerizonKDDISprint NextelEtisalatQtelTurkcellHutchison WhampoaSTCMICVodacomKPNTele2ZainOTETelekom AustriaWaridPortugal TelecomDigicelSK Telecom

China Mobile CC

Vodafone

America Movil

Telefonica SA

Bharti Airtel

China Unicom

Singapore Telecom

France Telecom

Deutsche Telekom

AT&T Inc

Telenor

MTN

MTS

China Telecom

NTT DoCoMo

VimpelCom

Telecom Italia

Orascom

TeliaSonera

Axiata

Verizon

KDDI

Sprint Nextel

Etisalat

Qtel

Turkcell

Hutchison Whampoa

STC

MIC

Vodacom

KPN

Tele2

Zain

OTE

Telekom Austria

Warid

Portugal Telecom

Digicel

SK Telecom

0 20 40 60 80 100 120 140 160 180 200 220 240 260 280 300 320 340 360 380 400 420 440 460 480




Contents


China Mobile CC

Vodafone

America Movil

Telefonica SA

Bharti Airtel

China Unicom

Singapore Telecom

France Telecom

Deutsche Telekom

AT&T Inc

Telenor

MTN

MTS

China Telecom

NTT DoCoMo

VimpelCom

Telecom Italia

Orascom

TeliaSonera

Axiata

Verizon

KDDI

Sprint Nextel

Etisalat

Qtel

Turkcell

Hutchison Whampoa

STC

MIC

Vodacom

KPN

Tele2

Zain

OTE

Telekom Austria

Warid

Portugal Telecom

Digicel

SK Telecom

0 20 40 60 80 100 120 140 160 180 200 220 240 260 280 300 320 340 360 380 400 420 440 460 480




Company summary by proportionate subscriptions (March 2011 data)

Europe: Western Middle East USA/Canada TOTAL

0 0 0 455,874,789133,340,949 173,732 46,809,900 264,740,053

0 0 18,195,477 230,255,00170,127,465 0 0 219,264,974

77,470 0 0 203,817,3470 0 0 172,901,100

24,984 0 0 167,678,51363,660,886 1,510,021 0 124,599,81160,940,000 0 33,154,000 120,447,266

0 0 99,061,885 118,683,8867,285,550 0 0 115,835,152

125,000 25,344,347 0 110,921,2700 0 0 105,607,5000 0 0 99,757,6000 0 0 93,354,5210 0 0 90,580,259

31,038,000 0 0 88,664,5900 0 0 81,117,929

27,235,365 507,273 0 76,126,9290 17,052 0 74,510,945

7,050,987 0 57,212,100 64,263,0870 0 0 58,390,6470 0 50,764,800 50,991,3000 14,604,864 0 44,001,7560 6,794,943 0 43,364,191

33,508,300 0 0 42,259,99914,228,075 0 0 35,889,837

1,839,620 19,508,274 0 35,711,8780 0 0 34,660,8830 0 0 33,917,787

31,945,200 0 0 31,945,2003,946,729 0 0 27,107,809

0 15,786,417 0 26,919,4677,600,000 0 0 19,858,8255,151,900 0 0 18,750,580

0 0 0 14,957,4730 0 0 12,364,4060 0 0 12,254,5140 0 0 10,049,801

499,126,480 84,246,921 305,198,163 3,632,398,870

China Mobile CC

Vodafone

America Movil

Telefonica SA

Bharti Airtel

China Unicom

Singapore Telecom

France Telecom

Deutsche Telekom

AT&T Inc

Telenor

MTN

MTS

China Telecom

NTT DoCoMo

VimpelCom

Telecom Italia

Orascom

TeliaSonera

Axiata

Verizon

KDDI

Sprint Nextel

Etisalat

Qtel

Turkcell

Hutchison Whampoa

STC

MIC

Vodacom

KPN

Tele2

Zain

OTE

Telekom Austria

Warid

Portugal Telecom

Digicel

SK Telecom

0 20 40 60 80 100 120 140 160 180 200 220 240 260 280 300 320 340 360 380 400 420 440 460 480




China Mobile CC

Vodafone

America Movil

Telefonica SA

Bharti Airtel

China Unicom

Singapore Telecom

France Telecom

Deutsche Telekom

AT&T Inc

Telenor

MTN

MTS

China Telecom

NTT DoCoMo

VimpelCom

Telecom Italia

Orascom

TeliaSonera

Axiata

Verizon

KDDI

Sprint Nextel

Etisalat

Qtel

Turkcell

Hutchison Whampoa

STC

MIC

Vodacom

KPN

Tele2

Zain

OTE

Telekom Austria

Warid

Portugal Telecom

Digicel

SK Telecom

0 20 40 60 80 100 120 140 160 180 200 220 240 260 280 300 320 340 360 380 400 420 440 460 480




Top companies by total subscriptions (March 2011 data)

Company Africa Americas Asia Pacific Europe: Eastern

144,041,500 0 183,881,400 30,079,2100 0 610,964,400 0

50,831,430 0 488,984,480 08,349,600 220,015,530 156,506,780 5,774,300

0 213,657,930 0 00 0 231,078,690 1,544,0000 212,267,530 0 0

50,831,430 0 168,620,480 071,285,670 3,626,650 17,577,100 30,051,100

0 0 100,280,570 100,643,6300 0 172,901,100 0

1,239,000 481,000 0 51,752,4900 0 167,581,800 00 0 5,936,000 94,951,600

103,195,680 0 0 00 0 0 0

32,423,300 0 64,274,590 00 0 0 108,540,000

54,554,470 0 53,147,440 00 71,839,150 0 00 0 99,757,600 0

7,873,700 0 58,213,300 00 0 2,090,500 91,573,700

22,099,250 0 50,246,700 00 0 59,277,700 00 0 0 24,176,0000 226,500 0 0

8,349,600 41,442,990 1,030,380 00 0 32,666,200 0

40,488,920 0 0 015,512,080 24,251,190 534,800 012,020,300 0 0 0

0 0 34,471,450 00 0 0 00 0 0 20,813,4100 0 0 23,312,000

2,267,700 0 22,413,000 00 0 0 14,923,3000 12,662,670 1,928,200 0

Total 625,363,630 800,471,140 2,784,364,660 598,134,740

VodafoneChina Mobile CCSingapore TelecomTelefonica SAAT&T IncNTT DoCoMoAmerica MovilBharti AirtelFrance TelecomTelenorChina UnicomDeutsche TelekomAxiataTeliaSoneraMTNVerizonEtisalatMTSOrascomTelecom ItaliaChina TelecomSTCVimpelComQtelKDDITurkcellSprint NextelPortugal TelecomHutchison WhampoaVodacomMICZainSK TelecomKPNOTETele2WaridTelekom AustriaDigicel

Vodafone

China Mobile CC

Singapore Telecom

Telefonica SA

AT&T Inc

NTT DoCoMo

America Movil

Bharti Airtel

France Telecom

Telenor

China Unicom

Deutsche Telekom

Axiata

TeliaSonera

MTN

Verizon

Etisalat

MTS

Orascom

Telecom Italia

China Telecom

STC

VimpelCom

Qtel

KDDI

Turkcell

Sprint Nextel

Portugal Telecom

Hutchison Whampoa

Vodacom

MIC

Zain

SK Telecom

KPN

OTE

Tele2

Warid

Telekom Austria

Digicel

0 100 200 300 400 500 600 700


Total subscriptions (millions)


Contents


Vodafone

China Mobile CC

Singapore Telecom

Telefonica SA

AT&T Inc

NTT DoCoMo

America Movil

Bharti Airtel

France Telecom

Telenor

China Unicom

Deutsche Telekom

Axiata

TeliaSonera

MTN

Verizon

Etisalat

MTS

Orascom

Telecom Italia

China Telecom

STC

VimpelCom

Qtel

KDDI

Turkcell

Sprint Nextel

Portugal Telecom

Hutchison Whampoa

Vodacom

MIC

Zain

SK Telecom

KPN

OTE

Tele2

Warid

Telekom Austria

Digicel

0 100 200 300 400 500 600 700




Top companies by total subscriptions (March 2011 data)

Europe: Western Middle East USA/Canada TOTAL

153,169,060 757,000 104,022,000 615,950,1700 0 0 610,964,400

77,470 0 0 539,893,380105,487,300 0 0 496,133,510

0 0 115,778,000 329,435,9300 0 0 232,622,6900 0 18,529,000 230,796,530

77,470 0 0 219,529,38085,046,890 2,000,000 0 209,587,410

7,285,550 0 0 208,209,7500 0 0 172,901,100

81,775,000 0 33,154,000 168,401,4900 34,800 0 167,616,600

48,894,600 4,141,000 0 153,923,200250,000 43,477,000 0 146,922,680

30,470,990 0 104,022,000 134,492,9900 28,427,900 0 125,125,7900 0 0 108,540,0000 0 0 107,701,910

31,038,000 0 0 102,877,1500 0 0 99,757,600

11,800,000 20,164,950 0 98,051,9500 0 0 93,664,2000 14,791,350 0 87,137,3000 0 0 59,277,700

33,508,300 0 0 57,684,3000 0 50,764,800 50,991,3000 0 0 50,822,970

15,292,300 0 0 47,958,5000 0 0 40,488,9200 0 0 40,298,0700 26,514,000 0 38,534,3000 0 0 34,471,450

31,945,200 0 0 31,945,2007,600,000 0 0 28,413,4103,949,000 0 0 27,261,000

0 0 0 24,680,7005,151,900 0 0 20,075,200

0 0 0 14,590,870652,819,030 140,308,000 426,269,800 6,027,731,000

Vodafone

China Mobile CC

Singapore Telecom

Telefonica SA

AT&T Inc

NTT DoCoMo

America Movil

Bharti Airtel

France Telecom

Telenor

China Unicom

Deutsche Telekom

Axiata

TeliaSonera

MTN

Verizon

Etisalat

MTS

Orascom

Telecom Italia

China Telecom

STC

VimpelCom

Qtel

KDDI

Turkcell

Sprint Nextel

Portugal Telecom

Hutchison Whampoa

Vodacom

MIC

Zain

SK Telecom

KPN

OTE

Tele2

Warid

Telekom Austria

Digicel

0 100 200 300 400 500 600 700




Vodafone

China Mobile CC

Singapore Telecom

Telefonica SA

AT&T Inc

NTT DoCoMo

America Movil

Bharti Airtel

France Telecom

Telenor

China Unicom

Deutsche Telekom

Axiata

TeliaSonera

MTN

Verizon

Etisalat

MTS

Orascom

Telecom Italia

China Telecom

STC

VimpelCom

Qtel

KDDI

Turkcell

Sprint Nextel

Portugal Telecom

Hutchison Whampoa

Vodacom

MIC

Zain

SK Telecom

KPN

OTE

Tele2

Warid

Telekom Austria

Digicel

0 100 200 300 400 500 600 700




Regional summary (March 2011 data)

MTN

Vodafone

Bharti Airtel

Vodacom

France Telecom

Orascom

Etisalat

MIC

Singapore Telecom

Zain

0 10 20 30 40 50 60 70 80 90

Africa - March 2011

Subscriptions (millions)


America Movil

Telefonica SA

Telecom Italia

AT&T Inc

MIC

Digicel

Portugal Telecom

France Telecom

Deutsche Telekom

Sprint Nextel

0 50 100 150 200 250

Americas - March 2011Subscriptions (millions)


Contents

America Movil

Telefonica SA

Telecom Italia

AT&T Inc

MIC

Digicel

Portugal Telecom

France Telecom

Deutsche Telekom

Sprint Nextel

0 50 100 150 200 250

Americas - March 2011Subscriptions (millions)


China Mobile CC

China Unicom

Bharti Airtel

Singapore Telecom

China Telecom

NTT DoCoMo

Axiata

Telenor

KDDI

Orascom

0 50 100 150 200 250 300 350 400 450 500

Asia Pacific - March 2011



China Mobile CC

China Unicom

Bharti Airtel

Singapore Telecom

China Telecom

NTT DoCoMo

Axiata

Telenor

KDDI

Orascom

0 50 100 150 200 250 300 350 400 450 500

Asia Pacific - March 2011



MTS

VimpelCom

TeliaSonera

Telenor

Deutsche Telekom

Tele2

France Telecom

Vodafone

Telekom Austria

OTE

0 20 40 60 80 100 120

Europe: Eastern - March 2011



MTS

VimpelCom

TeliaSonera

Telenor

Deutsche Telekom

Tele2

France Telecom

Vodafone

Telekom Austria

OTE

0 20 40 60 80 100 120

Europe: Eastern - March 2011



Vodafone

Telefonica SA

France Telecom

Deutsche Telekom

Turkcell

KPN

Telecom Italia

TeliaSonera

Hutchison Whampoa

OTE

0 20 40 60 80 100 120 140 160

Europe: Western - March 2011



MTN

STC

Zain

Etisalat

Qtel

France Telecom

TeliaSonera

Vodafone

Axiata

0 5 10 15 20 25 30

Middle East - March 2011




AT&T Inc

Verizon

Sprint Nextel

Vodafone

Deutsche Telekom

America Movil

0 20 40 60 80 100 120

USA/Canada - March 2011



Company Africa

MTN 85,451,923Vodafone 49,710,491Bharti Airtel 40,718,969Vodacom 33,917,787France Telecom 33,216,839Orascom 28,073,239Etisalat 15,438,444MIC 15,201,925Singapore Telecom 13,132,335Zain 11,133,050Qtel 6,364,186STC 2,066,846Portugal Telecom 1,746,522Warid 1,111,173Telefonica SA 35,443Deutsche Telekom 32,214KPN 0OTE 0Turkcell 0SK Telecom 0AT&T Inc 0China Unicom 0MTS 0Telecom Italia 0Hutchison Whampoa 0Telekom Austria 0Tele2 0Digicel 0NTT DoCoMo 0China Telecom 0Sprint Nextel 0Verizon 0Axiata 0China Mobile CC 0America Movil 0Telenor 0VimpelCom 0TeliaSonera 0KDDI 0Total 337,351,385

Company Americas

America Movil 212,059,524Telefonica SA 132,074,220Telecom Italia 57,626,590

AT&T Inc 19,622,001MIC 19,062,671Digicel 10,335,144Portugal Telecom 10,267,086France Telecom 3,625,825Deutsche Telekom 481,000Sprint Nextel 226,500Telenor 0STC 0KDDI 0Singapore Telecom 0Axiata 0Hutchison Whampoa 0SK Telecom 0Tele2 0Turkcell 0Orascom 0Vodacom 0Verizon 0Zain 0KPN 0TeliaSonera 0China Unicom 0China Mobile CC 0Vodafone 0Bharti Airtel 0MTN 0MTS 0China Telecom 0NTT DoCoMo 0VimpelCom 0Etisalat 0Qtel 0OTE 0Telekom Austria 0Warid 0Total 465,380,560

Company Asia Pacific

China Mobile CC 455,874,789China Unicom 172,901,100Bharti Airtel 163,020,908Singapore Telecom 154,521,193China Telecom 99,757,600NTT DoCoMo 93,287,049Axiata 74,493,893Telenor 66,080,499KDDI 58,390,647Orascom 53,044,690Qtel 30,205,062Hutchison Whampoa 21,661,761Vodafone 15,614,603

Etisalat 13,958,448Warid 13,846,300Telefonica SA 13,020,482STC 12,297,138SK Telecom 10,049,801TeliaSonera 3,105,720Digicel 1,919,370VimpelCom 1,213,350MIC 396,287Portugal Telecom 350,798France Telecom 169,218AT&T Inc 0Tele2 0Turkcell 0Deutsche Telekom 0Telecom Italia 0Zain 0Vodacom 0KPN 0OTE 0Verizon 0MTN 0Telekom Austria 0Sprint Nextel 0America Movil 0MTS 0Total 1,529,180,703

Company Europe: Eastern

MTS 105,607,500VimpelCom 89,366,909TeliaSonera 45,278,572Telenor 42,469,103Deutsche Telekom 25,840,052Tele2 23,161,080France Telecom 22,417,021Vodafone 19,090,379Telekom Austria 13,598,680OTE 12,258,825Turkcell 8,751,699Telefonica SA 4,007,364NTT DoCoMo 67,473AT&T Inc 0Zain 0Warid 0Sprint Nextel 0Singapore Telecom 0MTN 0Orascom 0Portugal Telecom 0China Telecom 0Telecom Italia 0Etisalat 0

China Unicom 0China Mobile CC 0America Movil 0Bharti Airtel 0Axiata 0Verizon 0KDDI 0Qtel 0Hutchison Whampoa 0STC 0MIC 0Vodacom 0KPN 0Digicel 0SK Telecom 0Total 411,914,657

Company Europe: Western

Vodafone 133,340,949Telefonica SA 70,127,465France Telecom 63,660,886Deutsche Telekom 60,940,000Turkcell 33,508,300KPN 31,945,200Telecom Italia 31,038,000TeliaSonera 27,235,365Hutchison Whampoa 14,228,075OTE 7,600,000Telenor 7,285,550Verizon 7,050,987Telekom Austria 5,151,900Tele2 3,946,729STC 1,839,620MTN 125,000Bharti Airtel 77,470Singapore Telecom 24,984Sprint Nextel 0Vodacom 0SK Telecom 0AT&T Inc 0Warid 0Zain 0China Unicom 0MIC 0Axiata 0Orascom 0Portugal Telecom 0

MTS 0Qtel 0KDDI 0VimpelCom 0Etisalat 0Digicel 0China Mobile CC 0America Movil 0China Telecom 0NTT DoCoMo 0Total 499,126,480

Company Middle East

MTN 25,344,347STC 19,508,274Zain 15,786,417Etisalat 14,604,864Qtel 6,794,943France Telecom 1,510,021TeliaSonera 507,273Vodafone 173,732Axiata 17,052Turkcell 0OTE 0Singapore Telecom 0MTS 0Telekom Austria 0Deutsche Telekom 0Orascom 0Hutchison Whampoa 0Telecom Italia 0Sprint Nextel 0VimpelCom 0Verizon 0SK Telecom 0KPN 0Tele2 0China Mobile CC 0America Movil 0Telefonica SA 0Bharti Airtel 0China Unicom 0AT&T Inc 0Telenor 0China Telecom 0NTT DoCoMo 0KDDI 0MIC 0Vodacom 0Warid 0Portugal Telecom 0Digicel 0

Total 84,246,921

Company USA/Canada

AT&T Inc 99,061,885Verizon 57,212,100Sprint Nextel 50,764,800Vodafone 46,809,900Deutsche Telekom 33,154,000America Movil 18,195,477Telenor 0KDDI 0France Telecom 0Singapore Telecom 0Axiata 0Tele2 0China Unicom 0Qtel 0China Mobile CC 0Telefonica SA 0Bharti Airtel 0MTN 0MTS 0China Telecom 0NTT DoCoMo 0VimpelCom 0Telecom Italia 0Orascom 0TeliaSonera 0Etisalat 0Turkcell 0Hutchison Whampoa 0STC 0MIC 0Vodacom 0KPN 0Zain 0OTE 0Telekom Austria 0Warid 0Portugal Telecom 0Digicel 0SK Telecom 0Total 305,198,163

Investors by country

Investor Region Country

America Movil Americas Argentina

America Movil Americas Brazil

America Movil Americas Chile

America Movil Americas Colombia

America Movil Americas Dominican Republic

America Movil Americas Ecuador

America Movil Americas El Salvador

America Movil Americas Guatemala

America Movil Americas Honduras

America Movil Americas Jamaica

America Movil Americas Mexico

America Movil Americas Nicaragua

America Movil Americas Panama

America Movil Americas Paraguay

America Movil Americas Peru

America Movil Americas Puerto Rico

America Movil Americas Uruguay

America Movil USA/Canada USA

AT&T Inc Americas Argentina

AT&T Inc Americas Brazil

AT&T Inc Americas Chile

AT&T Inc Americas Colombia

AT&T Inc Americas Dominican Republic

AT&T Inc Americas Ecuador

AT&T Inc Americas El Salvador

AT&T Inc Americas Guatemala

AT&T Inc Americas Honduras

AT&T Inc Americas Jamaica

AT&T Inc Americas Mexico

AT&T Inc Americas Nicaragua

AT&T Inc Americas Panama

AT&T Inc Americas Paraguay

AT&T Inc Americas Peru

AT&T Inc Americas Puerto Rico

AT&T Inc Americas Puerto Rico

AT&T Inc Americas Uruguay

AT&T Inc Americas US Virgin Islands

AT&T Inc USA/Canada USA

AT&T Inc USA/Canada USA

Axiata Asia Pacific Bangladesh

Axiata Asia Pacific Cambodia

Axiata Asia Pacific India

Axiata Asia Pacific Indonesia

Axiata Asia Pacific Malaysia

Axiata Asia Pacific Singapore

Axiata Asia Pacific Sri Lanka

Axiata Middle East Iran

Bharti Airtel Africa Burkina Faso

Bharti Airtel Africa Chad

Bharti Airtel Africa Congo

Bharti Airtel Africa Democratic Rep of Congo (ex-Zaire)

Bharti Airtel Africa Gabon

Bharti Airtel Africa Ghana

Bharti Airtel Africa Kenya

Bharti Airtel Africa Madagascar

Contents

Bharti Airtel Africa Malawi

Bharti Airtel Africa Niger

Bharti Airtel Africa Nigeria

Bharti Airtel Africa Seychelles

Bharti Airtel Africa Sierra Leone

Bharti Airtel Africa Tanzania

Bharti Airtel Africa Tanzania

Bharti Airtel Africa Uganda

Bharti Airtel Africa Zambia

Bharti Airtel Asia Pacific Bangladesh

Bharti Airtel Asia Pacific India

Bharti Airtel Asia Pacific India

Bharti Airtel Asia Pacific Sri Lanka

Bharti Airtel Europe: Western Guernsey

Bharti Airtel Europe: Western Jersey

China Mobile Communications Corporation Asia Pacific China

China Mobile Communications Corporation Asia Pacific Hong Kong

China Mobile Communications Corporation Asia Pacific Pakistan

China Telecom Corporation Asia Pacific China

China Telecom Corporation Asia Pacific Macau

China Unicom Asia Pacific China

Deutsche Telekom Africa Malawi

Deutsche Telekom Americas Puerto Rico

Deutsche Telekom Europe: Eastern Albania

Deutsche Telekom Europe: Eastern Bosnia Herzegovina

Deutsche Telekom Europe: Eastern Bosnia Herzegovina

Deutsche Telekom Europe: Eastern Bulgaria

Deutsche Telekom Europe: Eastern Croatia

Deutsche Telekom Europe: Eastern Czech Republic

Deutsche Telekom Europe: Eastern Hungary

Deutsche Telekom Europe: Eastern Macedonia

Deutsche Telekom Europe: Eastern Montenegro

Deutsche Telekom Europe: Eastern Montenegro

Deutsche Telekom Europe: Eastern Poland

Deutsche Telekom Europe: Eastern Romania

Deutsche Telekom Europe: Eastern Romania

Deutsche Telekom Europe: Eastern Serbia

Deutsche Telekom Europe: Eastern Slovak Republic

Deutsche Telekom Europe: Western Austria

Deutsche Telekom Europe: Western Germany

Deutsche Telekom Europe: Western Greece

Deutsche Telekom Europe: Western Netherlands

Deutsche Telekom Europe: Western UK

Deutsche Telekom USA/Canada USA

Digicel Americas Anguilla

Digicel Americas Antigua & Barbuda

Digicel Americas Aruba

Digicel Americas Barbados

Digicel Americas Bermuda

Digicel Americas British Virgin Islands

Digicel Americas Cayman Islands

Digicel Americas Dominica

Digicel Americas El Salvador

Digicel Americas French Guiana

Digicel Americas French West Indies

Digicel Americas Grenada

Digicel Americas Haiti

Digicel Americas Honduras

Digicel Americas Jamaica

Digicel Americas Netherlands Antilles

Digicel Americas Netherlands Antilles

Digicel Americas Panama

Digicel Americas St Kitts & Nevis

Digicel Americas St Lucia

Digicel Americas St Vincent & The Grenadines

Digicel Americas Suriname

Digicel Americas Trinidad & Tobago

Digicel Americas Turks & Caicos Islands

Digicel Asia Pacific Fiji

Digicel Asia Pacific Papua New Guinea

Digicel Asia Pacific Samoa

Digicel Asia Pacific Tonga

Digicel Asia Pacific Vanuatu

Etisalat Africa Benin

Etisalat Africa Burkina Faso

Etisalat Africa Central African Republic

Etisalat Africa Côte d'Ivoire

Etisalat Africa Egypt

Etisalat Africa Gabon

Etisalat Africa Ghana

Etisalat Africa Guinea Republic

Etisalat Africa Mauritania

Etisalat Africa Niger

Etisalat Africa Nigeria

Etisalat Africa Nigeria

Etisalat Africa Senegal

Etisalat Africa Sudan

Etisalat Africa Sudan

Etisalat Africa Tanzania

Etisalat Africa Togo

Etisalat Asia Pacific India

Etisalat Asia Pacific Indonesia

Etisalat Asia Pacific Pakistan

Etisalat Asia Pacific Sri Lanka

Etisalat Middle East Afghanistan

Etisalat Middle East Saudi Arabia

Etisalat Middle East UAE

France Telecom Africa Botswana

France Telecom Africa Cameroon

France Telecom Africa Central African Republic

France Telecom Africa Côte d'Ivoire

France Telecom Africa Egypt

France Telecom Africa Equatorial Guinea

France Telecom Africa Guinea-Bissau

France Telecom Africa Guinea Republic

France Telecom Africa Kenya

France Telecom Africa Madagascar

France Telecom Africa Mali

France Telecom Africa Mauritius

France Telecom Africa Mayotte

France Telecom Africa Morocco

France Telecom Africa Niger

France Telecom Africa Réunion

France Telecom Africa Senegal

France Telecom Africa Tunisia

France Telecom Africa Uganda

France Telecom Americas Dominican Republic

France Telecom Americas French Guiana

France Telecom Americas French West Indies

France Telecom Americas Netherlands Antilles

France Telecom Asia Pacific Thailand

France Telecom Asia Pacific Vanuatu

France Telecom Europe: Eastern Armenia

France Telecom Europe: Eastern Moldova

France Telecom Europe: Eastern Poland

France Telecom Europe: Eastern Romania

France Telecom Europe: Eastern Slovak Republic

France Telecom Europe: Western Austria

France Telecom Europe: Western Belgium

France Telecom Europe: Western France

France Telecom Europe: Western Liechtenstein

France Telecom Europe: Western Luxembourg

France Telecom Europe: Western Portugal

France Telecom Europe: Western Spain

France Telecom Europe: Western Switzerland

France Telecom Europe: Western UK

France Telecom Middle East Iraq

France Telecom Middle East Jordan

Hutchison Whampoa Asia Pacific Australia

Hutchison Whampoa Asia Pacific Australia

Hutchison Whampoa Asia Pacific Hong Kong

Hutchison Whampoa Asia Pacific Indonesia

Hutchison Whampoa Asia Pacific Macau

Hutchison Whampoa Asia Pacific Sri Lanka

Hutchison Whampoa Asia Pacific Vietnam

Hutchison Whampoa Europe: Western Austria

Hutchison Whampoa Europe: Western Denmark

Hutchison Whampoa Europe: Western Ireland

Hutchison Whampoa Europe: Western Italy

Hutchison Whampoa Europe: Western Sweden

Hutchison Whampoa Europe: Western UK

KDDI Asia Pacific Japan

KDDI Asia Pacific Mongolia

KPN Europe: Western Belgium

KPN Europe: Western Germany

KPN Europe: Western Netherlands

KPN Europe: Western Spain

KPN Europe: Western France

Millicom International Cellular (MIC) Africa Chad

Millicom International Cellular (MIC) Africa Democratic Rep of Congo (ex-Zaire)

Millicom International Cellular (MIC) Africa Ghana

Millicom International Cellular (MIC) Africa Mauritius

Millicom International Cellular (MIC) Africa Rwanda

Millicom International Cellular (MIC) Africa Senegal

Millicom International Cellular (MIC) Africa Tanzania

Millicom International Cellular (MIC) Americas Bolivia

Millicom International Cellular (MIC) Americas Colombia

Millicom International Cellular (MIC) Americas El Salvador

Millicom International Cellular (MIC) Americas Guatemala

Millicom International Cellular (MIC) Americas Honduras

Millicom International Cellular (MIC) Americas Paraguay

Millicom International Cellular (MIC) Asia Pacific Laos

MTN Africa Benin

MTN Africa Botswana

MTN Africa Cameroon

MTN Africa Congo

MTN Africa Côte d'Ivoire

MTN Africa Democratic Rep of Congo (ex-Zaire)

MTN Africa Ghana

MTN Africa Guinea Republic

MTN Africa Guinea-Bissau

MTN Africa Liberia

MTN Africa Nigeria

MTN Africa Rwanda

MTN Africa South Africa

MTN Africa Sudan

MTN Africa Swaziland

MTN Africa Uganda

MTN Africa Zambia

MTN Europe: Western Cyprus

MTN Middle East Afghanistan

MTN Middle East Iran

MTN Middle East Syria

MTN Middle East Yemen

MTS Europe: Eastern Armenia

MTS Europe: Eastern Belarus

MTS Europe: Eastern Russia

MTS Europe: Eastern Turkmenistan

MTS Europe: Eastern Ukraine

MTS Europe: Eastern Uzbekistan

NTT DoCoMo Asia Pacific Bangladesh

NTT DoCoMo Asia Pacific Guam

NTT DoCoMo Asia Pacific Hong Kong

NTT DoCoMo Asia Pacific India

NTT DoCoMo Asia Pacific India

NTT DoCoMo Asia Pacific Japan

NTT DoCoMo Asia Pacific Korea

NTT DoCoMo Asia Pacific Northern Marianas

NTT DoCoMo Asia Pacific Philippines

NTT DoCoMo Asia Pacific Taiwan

NTT DoCoMo Europe: Eastern Russia

Orascom Africa Algeria

Orascom Africa Burundi

Orascom Africa Central African Republic

Orascom Africa Egypt

Orascom Africa Namibia

Orascom Africa Tunisia

Orascom Africa Zimbabwe

Orascom Asia Pacific Bangladesh

Orascom Asia Pacific North Korea

Orascom Asia Pacific Pakistan

OTE Europe: Eastern Albania

OTE Europe: Eastern Bosnia Herzegovina

OTE Europe: Eastern Bulgaria

OTE Europe: Eastern Montenegro

OTE Europe: Eastern Romania

OTE Europe: Eastern Romania

OTE Europe: Eastern Serbia

OTE Europe: Western Greece

Portugal Telecom Africa Angola

Portugal Telecom Africa Cape Verde

Portugal Telecom Africa Guinea-Bissau

Portugal Telecom Africa Namibia

Portugal Telecom Africa Sao Tomé & Principe

Portugal Telecom Americas Brazil

Portugal Telecom Asia Pacific East Timor

Portugal Telecom Asia Pacific Macau

Portugal Telecom Europe: Western Portugal

Qtel Africa Algeria

Qtel Africa Ghana

Qtel Africa Mauritania

Qtel Africa Nigeria

Qtel Africa Senegal

Qtel Africa Sudan

Qtel Africa Tunisia

Qtel Asia Pacific Cambodia

Qtel Asia Pacific Indonesia

Qtel Asia Pacific Laos

Qtel Asia Pacific Maldives

Qtel Asia Pacific Singapore

Qtel Middle East Iraq

Qtel Middle East Kuwait

Qtel Middle East Oman

Qtel Middle East Palestine

Qtel Middle East Qatar

Qtel Middle East Saudi Arabia

Singapore Telecommunications Africa Burkina Faso

Singapore Telecommunications Africa Chad

Singapore Telecommunications Africa Congo

Singapore Telecommunications Africa Democratic Rep of Congo (ex-Zaire)

Singapore Telecommunications Africa Gabon

Singapore Telecommunications Africa Ghana

Singapore Telecommunications Africa Kenya

Singapore Telecommunications Africa Madagascar

Singapore Telecommunications Africa Malawi

Singapore Telecommunications Africa Niger

Singapore Telecommunications Africa Nigeria

Singapore Telecommunications Africa Sierra Leone

Singapore Telecommunications Africa Tanzania

Singapore Telecommunications Africa Tanzania

Singapore Telecommunications Africa Uganda

Singapore Telecommunications Africa Zambia

Singapore Telecommunications Asia Pacific Australia

Singapore Telecommunications Asia Pacific Bangladesh

Singapore Telecommunications Asia Pacific Bangladesh

Singapore Telecommunications Asia Pacific India

Singapore Telecommunications Asia Pacific India

Singapore Telecommunications Asia Pacific Indonesia

Singapore Telecommunications Asia Pacific Pakistan

Singapore Telecommunications Asia Pacific Philippines

Singapore Telecommunications Asia Pacific Singapore

Singapore Telecommunications Asia Pacific Singapore

Singapore Telecommunications Asia Pacific Sri Lanka

Singapore Telecommunications Asia Pacific Thailand

Singapore Telecommunications Europe: Western Jersey

Singapore Telecommunications Europe: Western Guernsey

SK Telecom Asia Pacific Korea

SK Telecom Asia Pacific Mongolia

SK Telecom Asia Pacific Vietnam

Sprint Nextel Americas Puerto Rico

Sprint Nextel Americas US Virgin Islands

Sprint Nextel USA/Canada USA

STC Africa South Africa

STC Asia Pacific India

STC Asia Pacific Indonesia

STC Asia Pacific Malaysia

STC Europe: Western Turkey

STC Middle East Bahrain

STC Middle East Kuwait

STC Middle East Saudi Arabia

Tele2 Europe: Eastern Croatia

Tele2 Europe: Eastern Estonia

Tele2 Europe: Eastern Kazakhstan

Tele2 Europe: Eastern Latvia

Tele2 Europe: Eastern Lithuania

Tele2 Europe: Eastern Russia

Tele2 Europe: Western Netherlands

Tele2 Europe: Western Sweden

Tele2 Europe: Western Norway

Telecom Italia Americas Argentina

Telecom Italia Americas Brazil

Telecom Italia Americas Paraguay

Telecom Italia Europe: Western Italy

Telefonica SA Africa Angola

Telefonica SA Africa Cape Verde

Telefonica SA Africa Guinea-Bissau

Telefonica SA Africa Namibia

Telefonica SA Africa Sao Tomé & Principe

Telefonica SA Americas Argentina

Telefonica SA Americas Argentina

Telefonica SA Americas Brazil

Telefonica SA Americas Brazil

Telefonica SA Americas Chile

Telefonica SA Americas Colombia

Telefonica SA Americas Ecuador

Telefonica SA Americas El Salvador

Telefonica SA Americas Guatemala

Telefonica SA Americas Mexico

Telefonica SA Americas Nicaragua

Telefonica SA Americas Panama

Telefonica SA Americas Paraguay

Telefonica SA Americas Peru

Telefonica SA Americas Uruguay

Telefonica SA Americas Venezuela

Telefonica SA Asia Pacific China

Telefonica SA Asia Pacific East Timor

Telefonica SA Asia Pacific Macau

Telefonica SA Europe: Eastern Czech Republic

Telefonica SA Europe: Eastern Slovak Republic

Telefonica SA Europe: Western Germany

Telefonica SA Europe: Western Ireland

Telefonica SA Europe: Western Italy

Telefonica SA Europe: Western Portugal

Telefonica SA Europe: Western Spain

Telefonica SA Europe: Western UK

Telekom Austria Europe: Eastern Belarus

Telekom Austria Europe: Eastern Bulgaria

Telekom Austria Europe: Eastern Croatia

Telekom Austria Europe: Eastern Macedonia

Telekom Austria Europe: Eastern Serbia

Telekom Austria Europe: Eastern Slovenia

Telekom Austria Europe: Western Austria

Telekom Austria Europe: Western Liechtenstein

Telenor Asia Pacific Bangladesh

Telenor Asia Pacific Cambodia

Telenor Asia Pacific India

Telenor Asia Pacific Malaysia

Telenor Asia Pacific Pakistan

Telenor Asia Pacific Thailand

Telenor Asia Pacific Vietnam

Telenor Europe: Eastern Albania

Telenor Europe: Eastern Armenia

Telenor Europe: Eastern Georgia

Telenor Europe: Eastern Hungary

Telenor Europe: Eastern Kazakhstan

Telenor Europe: Eastern Montenegro

Telenor Europe: Eastern Russia

Telenor Europe: Eastern Serbia

Telenor Europe: Eastern Tadjikistan

Telenor Europe: Eastern Ukraine

Telenor Europe: Eastern Uzbekistan

Telenor Europe: Western Denmark

Telenor Europe: Western Norway

Telenor Europe: Western Sweden

TeliaSonera Asia Pacific Cambodia

TeliaSonera Asia Pacific Nepal

TeliaSonera Europe: Eastern Azerbaijan

TeliaSonera Europe: Eastern Belarus

TeliaSonera Europe: Eastern Estonia

TeliaSonera Europe: Eastern Georgia

TeliaSonera Europe: Eastern Georgia

TeliaSonera Europe: Eastern Kazakhstan

TeliaSonera Europe: Eastern Latvia

TeliaSonera Europe: Eastern Lithuania

TeliaSonera Europe: Eastern Moldova

TeliaSonera Europe: Eastern Russia

TeliaSonera Europe: Eastern Tadjikistan

TeliaSonera Europe: Eastern Tadjikistan

TeliaSonera Europe: Eastern Ukraine

TeliaSonera Europe: Eastern Uzbekistan

TeliaSonera Europe: Western Cyprus

TeliaSonera Europe: Western Denmark

TeliaSonera Europe: Western Finland

TeliaSonera Europe: Western Norway

TeliaSonera Europe: Western Spain

TeliaSonera Europe: Western Sweden

TeliaSonera Europe: Western Turkey

TeliaSonera Middle East Afghanistan

Turkcell Holding Europe: Eastern Azerbaijan

Turkcell Holding Europe: Eastern Belarus

Turkcell Holding Europe: Eastern Georgia

Turkcell Holding Europe: Eastern Kazakhstan

Turkcell Holding Europe: Eastern Moldova

Turkcell Holding Europe: Eastern Ukraine

Turkcell Holding Europe: Western Cyprus

Turkcell Holding Europe: Western Turkey

Verizon Europe: Western Italy

Verizon USA/Canada USA

VimpelCom Asia Pacific Cambodia

VimpelCom Asia Pacific Vietnam

VimpelCom Europe: Eastern Armenia

VimpelCom Europe: Eastern Georgia

VimpelCom Europe: Eastern Kazakhstan

VimpelCom Europe: Eastern Russia

VimpelCom Europe: Eastern Tadjikistan

VimpelCom Europe: Eastern Ukraine

VimpelCom Europe: Eastern Uzbekistan

Vodacom Africa Democratic Rep of Congo (ex-Zaire)

Vodacom Africa Lesotho

Vodacom Africa Mozambique

Vodacom Africa South Africa

Vodacom Africa Tanzania

Vodafone Africa Burkina Faso

Vodafone Africa Chad

Vodafone Africa Congo

Vodafone Africa Democratic Rep of Congo (ex-Zaire)

Vodafone Africa Democratic Rep of Congo (ex-Zaire)

Vodafone Africa Egypt

Vodafone Africa Gabon

Vodafone Africa Ghana

Vodafone Africa Ghana

Vodafone Africa Kenya

Vodafone Africa Kenya

Vodafone Africa Lesotho

Vodafone Africa Madagascar

Vodafone Africa Malawi

Vodafone Africa Mayotte

Vodafone Africa Mozambique

Vodafone Africa Niger

Vodafone Africa Nigeria

Vodafone Africa Réunion

Vodafone Africa Seychelles

Vodafone Africa Sierra Leone

Vodafone Africa South Africa

Vodafone Africa Tanzania



Vodafone Africa Uganda

Vodafone Africa Zambia

Vodafone Asia Pacific Australia

Vodafone Asia Pacific Australia

Vodafone Asia Pacific Bangladesh

Vodafone Asia Pacific Fiji

Vodafone Asia Pacific India



Vodafone Asia Pacific New Zealand

Vodafone Asia Pacific Sri Lanka

Vodafone Europe: Eastern Albania

Vodafone Europe: Eastern Czech Republic

Vodafone Europe: Eastern Hungary

Vodafone Europe: Eastern Poland

Vodafone Europe: Eastern Romania

Vodafone Europe: Western Cyprus

Vodafone Europe: Western France

Vodafone Europe: Western Germany

Vodafone Europe: Western Greece

Vodafone Europe: Western Guernsey

Vodafone Europe: Western Ireland

Vodafone Europe: Western Italy

Vodafone Europe: Western Jersey

Vodafone Europe: Western Malta

Vodafone Europe: Western Netherlands

Vodafone Europe: Western Portugal

Vodafone Europe: Western Spain

Vodafone Europe: Western Turkey

Vodafone Europe: Western UK

Vodafone Middle East Qatar

Vodafone USA/Canada USA

Warid Africa Uganda

Warid Asia Pacific Bangladesh

Warid Asia Pacific Pakistan

Zain Africa Morocco

Zain Africa Sudan

Zain Middle East Bahrain

Zain Middle East Iraq

Zain Middle East Jordan

Zain Middle East Kuwait

Zain Middle East Saudi Arabia

Operator Operator ID Ownership Total subscriptions

AMX Argentina C930IVFN5 100.00% 18,104,300

Claro Brazil BSCIWDVIT 99.97% 53,437,980

Claro Chile BWGY38CCZ 100.00% 5,046,990

Comunicaciones Celulares Colombia BGU790VBW 99.40% 29,886,100

America Movil Dominican Republic C01Z9OXUO 100.00% 5,307,700

Conecel BGSI7R57U 100.00% 10,676,770

CTE Telecom Personal BGQDNV7NH 100.00% 2,070,000

Sercom Guatemala BGQE4ZMOP 100.00% 4,452,510

Sercom de Honduras BUZC8FVSD 100.00% 1,550,000

America Movil Jamaica C1AHI2F0J 100.00% 537,500

Radiomóvil Dipsa BGQEJ09RE 100.00% 65,655,000

enitel movil BR5VMBNGF 99.50% 2,531,810

Claro Panama C3BIPIMUM 100.00% 314,900

AMX Paraguay BU69ZI1FM 100.00% 690,620

America Movil Peru BRTS4FBTE 100.00% 9,998,000

America Movil Puerto Rico C01ZDVSYM 100.00% 1,012,500

AM Wireless Uruguay BRFDWO6WL 100.00% 994,850

Tracfone BG3P7697H 98.20% 18,529,000

AMX Argentina C930IVFN5 8.60% 18,104,300

Claro Brazil BSCIWDVIT 8.60% 53,437,980

Claro Chile BWGY38CCZ 8.60% 5,046,990

Comunicaciones Celulares Colombia BGU790VBW 8.55% 29,886,100

America Movil Dominican Republic C01Z9OXUO 8.60% 5,307,700

Conecel BGSI7R57U 8.60% 10,676,770

CTE Telecom Personal BGQDNV7NH 8.24% 2,070,000

Sercom Guatemala BGQE4ZMOP 8.60% 4,452,510

Sercom de Honduras BUZC8FVSD 8.60% 1,550,000

America Movil Jamaica C1AHI2F0J 8.60% 537,500

Radiomóvil Dipsa BGQEJ09RE 8.60% 65,655,000

enitel movil BR5VMBNGF 8.56% 2,531,810

Claro Panama C3BIPIMUM 8.60% 314,900

AMX Paraguay BU69ZI1FM 8.60% 690,620

America Movil Peru BRTS4FBTE 8.60% 9,998,000

America Movil Puerto Rico C01ZDVSYM 8.60% 1,012,500

AT&T Mobility Puerto Rico BYXU54A6I 100.00% 1,325,000

AM Wireless Uruguay BRFDWO6WL 8.60% 994,850

AT&T Mobility US Virgin Islands BYXU5KUB0 100.00% 65,400

AT&T Mobility USA BYI440O26 100.00% 97,519,000

TracFone BG3P7697H 8.45% 18,259,000

Robi Axiata CE9WYKS5F 70.00% 17,862,000

Hello Axiata Cambodia C1HDPM3TM 100.00% 970,300

Idea Cellular BG6NSBDON 19.10% 89,087,420

XL Axiata BGQRZ9E91 66.60% 39,300,000

Celcom Malaysia BGQSQDC6A 100.00% 11,418,080

MobileOne BGR0C27LC 29.57% 1,934,000

Dialog Axiata CC78UMNXJ 83.32% 7,010,000

MTCE BL6GZ8CX9 49.00% 34,800

Bharti Airtel Burkina Faso B.V. CCGSPOL3E 100.00% 1,564,200

Bharti Airtel Chad CCGV9DETP 100.00% 1,384,400

Bharti Airtel Congo B.V. CCGV4VLPG 90.00% 1,411,000

Bharti Airtel RDC CEPRIXSP9 98.50% 4,840,000

Bharti Airtel Gabon B.V. CCGV5R47X 79.50% 941,000

Bharti Airtel Ghana CE1ERBIP4 75.00% 1,865,700

Bharti Airtel Kenya B.V. BP7NZMPOR 95.00% 4,200,000

Bharti Airtel Madagascar B.V BWWNDMISS 100.00% 2,487,900

Bharti Airtel Malawi CEJZEBMYD 100.00% 1,931,630

Bharti Airtel Niger CEIDMMF6I 90.00% 2,129,500

Bharti Airtel Nigeria CEIQI4YTI 65.70% 16,048,300

Telecom Seychelles BGP7LIN78 100.00% 89,100

Bharti Airtel Sierra Leone CEJZDBANY 100.00% 564,100

Bharti Airtel Tanzania B.V BGP79ROJ8 60.00% 6,477,300

TTCL BG217RK6E 35.00% 108,400

Bharti Airtel Uganda B.V. BGP4IKRTD 100.00% 1,705,800

Bharti Airtel Zambia CEIR9V03S 78.90% 3,083,100

Airtel Bangladesh CE7LRKUNH 70.00% 4,607,000

Bharti Airtel India BU89997LK 100.00% 148,145,240

Bharti Hexacom BS5M3TMEV 70.00% 14,058,240

Bharti Airtel Sri Lanka BYKUNBDRF 100.00% 1,810,000

Guernsey Airtel BWRIIM6OR 100.00% 10,360

Jersey Telenet BY5YH84KE 100.00% 67,110

China Mobile BGY9IZAEX 74.22% 599,353,900

CMHK C7HM8ZDGU 74.22% 2,235,000

China Mobile Pakistan C0NMCVK59 100.00% 9,375,500

China Telecom BYCVGKRRU 100.00% 99,691,000

China Telecom (Macau) C5K1U8ECH 100.00% 66,600

China Unicom BY1DNO1TL 100.00% 172,901,100

Telekom networks Malawi BGO0VBXCC 2.60% 1,239,000

T-Mobile Puerto Rico C3IL9FWES 100.00% 481,000

Albanian Mobile Communications BEF4PVJSC 29.10% 2,033,600

HPT Mostar BG017RWKU 20.08% 355,000

Mobilna Srpska BGY8HD977 3.90% 1,372,200

Cosmo Bulgaria Mobile BGQR9RLSY 30.00% 3,934,000

T-Mobile Croatia BPXDZXVTM 51.00% 3,006,000

T-Mobile Czech Republic BJ15QO4P3 60.77% 5,446,000

T-Mobile Hungary BN88VF9T5 59.21% 4,925,200

T-Mobile Macedonia BWP9QOAYR 30.20% 1,275,140

MTEL C0X5A89AN 6.00% 273,390

T-Mobile Montenegro C05DMRDBP 45.31% 393,740

Polska Telefonia Cyfrowa BGRASB7TD 93.00% 13,175,000

Cosmote Romania BUGGDX45S 25.86% 6,395,740

Telemobil BGRAYMLE0 29.88% 353,780

Telekom Srbija BGRCDFU9W 6.00% 6,450,700

T-Mobile Slovak Republic BSBR92CTL 51.00% 2,363,000

T-Mobile Austria BG0I8FE0Q 100.00% 3,833,000

T-Mobile Germany BG0DDKO1H 100.00% 34,574,000

Cosmote BGRPNMYYE 30.00% 7,600,000

T-Mobile Netherlands BJ2MA2KTG 100.00% 4,738,000

Everything Everywhere (Orange & T-Mobile JV) CCZPIKAIX 50.00% 31,030,000

T-Mobile USA BGJJ0TNFQ 100.00% 33,154,000

Digicel Anguilla BU6AW8WB3 100.00% 7,400

Digicel Antigua BUAVU9DFX 100.00% 56,600

Digicel Aruba BRFEG2FXY 100.00% 37,000

Digicel Barbados BJKID9334 100.00% 130,000

Digicel Bermuda BUAVV8FTS 60.00% 48,200

Digicel British Virgin Islands C1YJGDOSE 100.00% 4,070

Digicel Cayman Islands BRFEGO1FL 100.00% 80,300

Digicel Dominica BUAVVK5TU 100.00% 95,700

Digicel El Salvador BGQDP8ULD 100.00% 1,068,800

Digicel French Guiana BWGDYRWK2 82.88% 37,270

Digicel French West Indies BWGDZTVN4 100.00% 398,000

Mossel Grenada BRFEH8IY5 100.00% 60,400

Digicel Haiti BSQJEOSTG 100.00% 2,535,700

Digicel Honduras C1Y8CZBTB 43.40% 2,088,600

Mossel Jamaica BGS54BWXD 100.00% 2,284,500

Digicel (Bonaire) BYNDIO2RG 100.00% 34,400

Digicel (Curaçao) BYNDPFFBA 100.00% 96,900

Digicel Panama C3BIQK37E 43.40% 1,978,300

Digicel St Kitts & Nevis BUAVVXEF2 100.00% 41,800

Digicel St. Lucia BRFENFEJ3 100.00% 131,400

Digicel St Vincent & The Grenadines BRFENRSW2 100.00% 64,000

Digicel Suriname BY8N06IKV 100.00% 327,360

Digicel Trinidad & Tobago BSZQI9KYU 100.00% 1,004,970

Digicel Turks & Caicos Islands BWGDLV4TO 100.00% 51,000

Digicel Fiji BYXQ90EBN 100.00% 290,200

Digicel Papua New Guinea BWLSD4KTD 100.00% 1,394,500

Digicel Samoa BW2SVHVKO 90.00% 88,300

Digicel Tonga C3Q90QMOH 100.00% 22,800

Digicel Pacific Vanuatu C3WCM6MTD 100.00% 132,400

Etisalat Benin CGJDVQVTF 100.00% 1,103,700

Telecel Burkina Faso BG0U9RLIV 56.00% 1,024,000

Atlantique Cellulaire RCA BSK7RFAXR 97.50% 193,800

Atlantique Telecom Cote d'Ivoire BWJGN4IKU 100.00% 2,213,000

Etisalat Misr BWXW74DCK 66.00% 8,432,200

Moov Gabon C5ECYRG1L 100.00% 237,200

Kasapa BLGAHT7EK 4.60% 242,300

Intercel Holdings Guinea Republic BY08ID1XM 1.84% 292,500

Chinguitel BW5SE2FOV 2.76% 700,900

Telecel Niger BG0VROGLZ 85.00% 414,900

EMTS C393WO4RV 40.00% 7,814,100

Intercellular Nigeria BGO186J2Y 3.22% 1,000

Sudatel Senegal C3ARUTUFW 4.60% 1,209,200

Canartel BWZDY0DJL 89.40% 100,000

Sudatel Sudan BG03941TN 4.60% 5,887,700

Zanzibar Telecom BGP792S6Z 65.00% 1,855,000

Telecel Togo BG20RV4FN 60.00% 701,800

Etisalat DB Telecom C97L3T3K6 44.73% 968,090

XL Axiata BGQRZ9E91 13.30% 39,300,000

PTML BGQS4TSWP 23.40% 20,506,500

Etisalat Sri Lanka CC104IEES 100.00% 3,500,000

Etisalat Afghanistan BWXDZKIB2 100.00% 2,254,800

Etihad Etisalat BSL0DB72M 26.25% 18,743,100

Etisalat UAE BGP4I8NU2 100.00% 7,430,000

Orange Botswana BJPIG9EW9 51.00% 824,000

Orange Cameroon BIZ0EI4OA 99.50% 3,939,000

Orange Central African Republic C007VB7G3 100.00% 318,000

Orange Côte d'Ivoire BIZ0IHY7M 85.00% 5,757,000

ECMS BGNZVVONY 36.36% 29,729,920

Getesa BGNZY9N27 40.00% 410,000

Orange Bissau BYPS793XN 42.33% 210,300

Orange Guinee BYPS84P0C 38.10% 953,200

Orange Kenya BG0UYBC6U 40.04% 1,600,300

Orange Madagascar BL0LJZVJ0 40.07% 2,212,000

Orange Mali BYKQL9TJJ 29.63% 5,006,300

Orange Mauritius BG0VMD4AB 40.00% 680,000

Orange Mayotte C3K94MLI5 100.00% 5,360

Médi Télécom BGO0Y8Y1A 40.00% 11,120,000

Orange Niger C1J93D9CN 80.00% 979,000

Orange Réunion BG0VV4LOF 100.00% 672,900

Orange Senegal BG035D610 42.33% 5,225,400

Orange Tunisie CAFCEXA7S 49.00% 869,390

Orange Uganda C5ALM2MB8 53.00% 773,600

Orange Dominicana BGJIUFTAG 100.00% 2,927,010

Orange Caraibe French Guiana BRFRHDVTR 100.00% 123,090

Orange Caraibe French West Indies BRG80BYCP 100.00% 575,300

East Caribbean Cellular BGXV94V6N 34.00% 1,250

True Move BUZC9II6P 0.76% 17,467,700

Telecom Vanuatu BGR0LIP0X 33.33% 109,400

Orange Armenia C5IDQI00Q 100.00% 617,000

Orange Moldova C1CQS2DWV 98.00% 1,711,000

Orange (Poland) BGRAQVIBV 49.85% 14,493,000

Orange Romania BI5V7KR0R 96.80% 10,363,100

Orange Slovak Republic BGRD79XF9 100.00% 2,867,000

Orange Austria C5UNJBG6M 35.00% 2,218,800

Mobistar BG09UTJGC 52.90% 3,984,000

Orange France BG094VYBD 100.00% 29,734,000

Orange Liechtenstein BWGYI2DWI 100.00% 7,990

Orange Luxembourg C00EVFP9J 52.90% 90,700

Sonaecom Servicos Comunicacoes C5N04MST7 20.00% 3,137,000

Orange Spain BYA48KV5Q 100.00% 13,272,300

Orange Switzerland BG09IOTXN 100.00% 1,572,100

Everything Everywhere (Orange & T-Mobile JV) CCZPIKAIX 50.00% 31,030,000

Korek Telecom BSGDU9DTS 20.24% 2,000,000

Orange Jordan BGO0E2ESK 51.00% 2,167,100

3 Australia BGUZ0XAE2 43.94% 2,855,200

Vodafone Australia BGQR9TVL3 43.94% 4,501,500

Hutchison Hong Kong BGRPN007T 49.37% 2,888,900

3 Indonesia BUN03F339 60.00% 13,270,000

Hutchison Telecom BGRDUF3JC 69.60% 360,600

Hutchison Sri Lanka BP0MRFX1W 100.00% 1,300,000

Hutchison Vietnam BRKD0BD7S 100.00% 7,490,000

Hutchison 3G Austria BG0SYKD5F 100.00% 1,154,800

HI3G Denmark BGNMPVD9X 60.00% 648,500

Hutchison 3G Ireland BP804M5LQ 100.00% 270,700

H3G BGQRY0RGT 95.40% 6,258,800

HI3G BGNZRHVG3 60.00% 1,292,300

Hutchison 3G UK BGO0G26O5 100.00% 5,667,200

KDDI BGXYAKWI1 100.00% 58,010,300

Mobicom BGQE12IOV 30.01% 1,267,400

KPN Group Belgium C97I960G2 100.00% 3,102,400

E-Plus BG0AR6M0H 100.00% 19,154,400

KPN Mobile BG0AN2Y3Y 100.00% 9,163,600

Simyo Spain C3B0RRU93 100.00% 524,800

KPN France C7QQR4M90 100.00% 466,600

Millicom BPGH3OCLS 100.00% 1,544,550

Oasis Telecom BP0M0DCX5 100.00% 2,149,950

Millicom Ghana BGO094KRY 100.00% 3,572,510

Emtel Mauritius BGO0VZPW0 50.00% 477,920

Tigo Rwanda C5IY34A30 87.50% 569,560

Sentel BGO1M8TFE 100.00% 2,526,330

Tigo Tanzania BGP792M6W 100.00% 4,671,260

Telecel Bolivia BGSIMBM66 100.00% 2,501,490

Colombia Movil BJOAVI395 50.01% 4,441,760

Telemóvil BGQDPOGW5 100.00% 2,792,610

Comunicaciones Celulares Guatemala BGQE3X4K8 55.00% 6,595,740

Celtel BGQD5XUP2 100.00% 4,428,230

Telecel Paraguay BGRQVXLRO 100.00% 3,491,360

Tigo Laos BJ6GH441J 74.10% 534,800

Spacetel Benin BGNY8O73D 75.00% 2,245,000

Mascom Wireless BGNYD9NPA 53.00% 1,445,000

MTN Cameroon BGP7DO174 70.00% 4,589,000

MTN Congo BUZISMMLL 100.00% 1,725,000

MTN Cote d'Ivoire BUZIS9JNA 59.70% 5,406,000

Supercell BNI9L20RX 38.50% 3,080

MTN Ghana BGO0NBMO0 97.65% 9,070,000

Investcom Guinée BWWJD2K6S 100.00% 2,002,000

Spacetel BN6ZEFTWQ 100.00% 570,000

Lonestar Communications Corporation BGO0NT427 60.00% 795,000

MTN Nigeria BGO11XRLG 76.08% 40,211,000

MTN Rwanda BGO1IZVS3 55.00% 2,638,000

MTN BGO1N8PL4 100.00% 19,197,000

MTN Sudan C1OVMM95H 85.00% 4,016,000

MTN Swaziland BGO1RH36Y 30.00% 678,000

MTN Uganda BGP4I0037 95.00% 6,562,600

MTN Zambia BUZIRZN22 90.00% 2,043,000

MTN Cyprus C97L9X7CJ 50.00% 250,000

MTN Afghanistan BW8DCM6J8 90.90% 4,189,000

MTN Irancell BU5V18154 49.00% 31,391,000

MTN Syria C1OVMXFP4 75.00% 4,920,000

MTN Yemen C1OVPO4LE 82.80% 2,977,000

K-Telecom BPWPED0U6 80.00% 2,550,000

Mobile TeleSystems Belarus BGNY5ZV6Y 49.00% 4,750,000

Mobile TeleSystems BGYRM9FO6 100.00% 71,460,000

MTS-Turkmenistan BGNZUOS6J 100.00% 2,390,000

MTS-Ukraine BGQR86TNK 100.00% 18,280,000

MTS-Uzbekistan BGO01BU7Q 100.00% 9,110,000

Robi Axiata CE9WYKS5F 30.00% 17,862,000

DoCoMo Pacific Guam C70IVKOGY 100.00% 42,260

Hutchison Hong Kong BGRPN007T 24.10% 2,888,900

Tata Teleservices BGR0EIY0E 26.47% 68,724,000

Tata Teleservices Maharashtra BL77789IJ 22.09% 13,991,000

NTT DoCoMo BGRW04GEI 100.00% 58,010,300

KT Corp BGWCPF4XL 5.46% 16,299,000

DoCoMo Pacific Northern Marianas C794MKL1G 100.00% 16,430

Smart Communications BGQUEOX50 14.28% 46,857,500

FarEasTone BGRDEV6LI 4.70% 6,387,300

Novaya Telefonnaya Companiya BGZ4CF068 4.37% 1,544,000

Orascom Telecom Algeria BEJMVD3FS 96.81% 15,509,200

U-COM Burundi BGNYCDNTM 100.00% 1,122,400

Telecel CAR BG0UA8CNJ 100.00% 470,900

ECMS BGNZVVONY 34.67% 29,729,920

Cell One BWGEPZC70 100.00% 284,700

Tunisiana BGP4H6ROO 0.00% 5,981,650

Telecel Zimbabwe BG20Q07CJ 60.00% 1,455,700

Orascom Bangladesh C7NLDVLON 100.00% 20,126,540

CHEO C3B0G8N2C 75.00% 411,000

PMCL BGQS4QDSS 100.00% 32,609,900


Mobilna Srpska BGY8HD977 13.00% 1,372,200

Cosmo Bulgaria Mobile BGQR9RLSY 100.00% 3,934,000

MTEL C0X5A89AN 20.00% 273,390

Cosmote Romania BUGGDX45S 70.00% 6,395,740

Telemobil BGRAYMLE0 99.50% 353,780

Telekom Srbija BGRCDFU9W 20.00% 6,450,700

Cosmote BGRPNMYYE 100.00% 7,600,000

Unitel Angola BEBDQMUBY 18.75% 6,270,400

Cabo Verde Telecom BGNZ3OMB5 30.00% 328,400

Guinetel C1YV0HJXL 41.25% 79,600

MTC Namibia BGO100DR1 25.50% 1,566,800

CST Mobicel BLBRIOMIC 38.25% 104,400

Telemar PCS (Oi) BGWC9MV0R 24.77% 41,442,990

Timor Telecom BLCGRQ40T 41.12% 474,780

CTM BGRDR6L6H 28.00% 555,600

TMN BGQDPD1XI 100.00% 7,477,900

Wataniya Telecom Algerie BW9H023A9 46.27% 8,076,500

Kasapa BLGAHT7EK 3.50% 242,300

Chinguitel BW5SE2FOV 2.10% 700,900

Intercellular Nigeria BGO186J2Y 2.45% 1,000

Sudatel Senegal C3ARUTUFW 3.50% 1,209,200

Sudatel Sudan BG03941TN 3.50% 5,887,700

Tunisiana BGP4H6ROO 39.38% 5,981,650

Mfone BGQRGVOI1 12.25% 703,100

Indosat BGQRRTXBU 65.00% 45,700,000

Lao Telecom BGQSI6Y1P 6.00% 1,593,600

Wataniya Maldives BSTIRB5EA 52.50% 105,000

StarHub BGR0G6COM 12.27% 2,145,000

Asiacell C1GMJI5NE 30.00% 8,306,210

Wataniya Telecom BGO0J6IB9 52.50% 1,871,290

Nawras BP6V4QBXF 56.00% 1,933,560

BY5IDKCBY 25.44% 397,940

Q-TEL BGO1EXATA 100.00% 2,076,550

PTC Saudi Arabia BSXQ5Q2OH 29.19% 205,800














TTCL BG217RK6E 11.29% 108,400



Optus BGQR0BS2H 100.00% 9,125,000

PBTL BGQDNB4IP 45.00% 1,787,000




Telkomsel BGQSDKLLB 35.00% 99,400,000

Warid Pakistan BN7U9VRO2 30.00% 17,806,000

Globe Telecom BGQUCF75B 45.79% 27,302,200

DNA Comms BP0UDOLFK 50.00% 159,000

SingTel Mobile BGZ3NF62W 100.00% 3,307,000


AIS BEBCPMI5L 21.33% 31,802,900



SK Telecom BGQRRRDTK 33.62% 26,044,800

Skytel BGY9MMKOC 28.55% 418,950

S-Fone C3HM3MR1N 14.66% 8,007,700

Sprint Nextel Puerto Rico BUAC76V2J 100.00% 193,000

Sprint Nextel US Virgin Islands BUAC5VP2M 100.00% 33,500

Sprint Nextel USA BU9ZE0LIR 100.00% 50,764,800

Cell C BG037D4BH 26.25% 7,873,700

Aircel C0OSZX19W 12.95% 34,853,400

Natrindo Telepon Seluler BGQRS9JYU 58.70% 8,970,000

Maxis Communications BGQSSB42M 17.50% 14,389,900

Avea BPAC9Q2T2 15.59% 11,800,000

Viva Bahrain CAO5IM975 100.00% 207,300

Kuwait Telecom Company C509RB39C 26.00% 887,400

Saudi Telecom Company BGQRJBFKI 100.00% 19,070,250

Tele2 Croatia BYXU3KNBM 100.00% 755,000

Tele2 Estonia BGQRNR71H 100.00% 467,000

Tele2 Kazakhstan CGL9I60KI 51.00% 308,000

Tele2 Latvia BGQRZ6DYN 100.00% 1,016,000

Tele2 Lithuania BGQU1I61Q 100.00% 1,781,000

Tele2 Russia BSCIW496A 100.00% 18,985,000

Wataniya Palestine Mobile Telecommunications Company

Tele2 Nederland BG0E9IOFH 99.32% 334,000

Tele2 Sweden BG0RD9PUI 100.00% 3,615,000

Tele2 Norway BGNZZIRPE 100.00% 505,000

Telecom Personal BGTRP9EA4 25.23% 16,900,000

TIM Brasil BG0AHMMSW 100.00% 53,039,150

Núcleo BGRQW0RAI 17.03% 1,900,000

Telecom Italia BGXZ9KO9F 100.00% 31,038,000

Unitel Angola BEBDQMUBY 0.38% 6,270,400

Cabo Verde Telecom BGNZ3OMB5 0.61% 328,400

Guinetel C1YV0HJXL 0.83% 79,600

MTC Namibia BGO100DR1 0.52% 1,566,800

CST Mobicel BLBRIOMIC 0.77% 104,400

Telefónica Móviles Argentina BNA30VAWP 100.00% 15,999,700

Telecom Personal BGTRP9EA4 2.39% 16,900,000

TIM Brasil BG0AHMMSW 9.48% 53,039,150

Vivo BYB0CXGU5 63.61% 58,648,580

Telefónica Móviles Chile BSALD9VLO 100.00% 9,100,600

Telefónica Móviles Colombia BGZ5YXEXB 100.00% 9,970,600

Otecel BGSI8ONTO 100.00% 4,392,400

Telefonica Moviles El Salvador BG038HFOQ 99.08% 1,391,520

Telefónica Móviles Guatemala BSCGRRFLU 100.00% 1,987,890

Telefónica Móviles Mexico BGUW9XUGP 100.00% 20,057,000

Telefonía Celular de Nicaragua BGRR12VXT 100.00% 1,126,470

Telefónica Móviles Panamá BRGIJ8ICQ 100.00% 2,120,420

Núcleo BGRQW0RAI 1.61% 1,900,000

Telefonica Móviles BGRQR9UUB 98.33% 12,560,000

Telefónica Móviles del Uruguay BNA31KW3K 100.00% 1,743,100

Telefonica Moviles Venezuela BGRQL2DXW 100.00% 9,078,100

China Unicom BY1DNO1TL 8.37% 155,476,400

Timor Telecom BLCGRQ40T 0.83% 474,780

CTM BGRDR6L6H 0.57% 555,600

Telefonica O2 Czech Republic BWXDVFNX0 69.40% 4,826,600

Telefonica O2 Slovak Republic BW8LQOLF1 69.40% 947,700

O2 Germany BI789TYJH 100.00% 17,352,200

O2 Ireland BI78DODUM 100.00% 1,680,300

Telecom Italia BGXZ9KO9F 9.48% 31,038,000

TMN BGQDPD1XI 2.02% 7,414,000

Telefónica Móviles BGQEMOLTB 100.00% 24,366,400

O2 (UK) BI784HVLD 100.00% 23,636,400

Velcom BGNY58UYY 70.00% 4,415,400

MobilTel BGQRC99X2 100.00% 5,277,400

Vipnet BG0DVFDTR 100.00% 2,682,000

Vip C1OV092J2 100.00% 490,500

Vip Mobile C0UI7QJNU 100.00% 1,428,100

Si.Mobil BGRDDF2GN 100.00% 629,900

mobilkom Austria BG0IEFDKJ 100.00% 5,145,400

mobilkom Liechtenstein BG0UJR6GZ 100.00% 6,500

GrameenPhone BGQDJFVFO 55.80% 31,982,000

Sotelco C1A0VZ3EA 35.62% 754,300

Unitech Wireless C3IGZX0T6 67.25% 9,267,040

DiGi BGQSRXJY6 49.00% 8,843,000

Telenor Pakistan BN0WYM5XB 100.00% 25,753,000

DTAC BGR0I47SY 51.18% 22,345,030

GTEL Mobile C599QBWFI 15.83% 1,336,200


Armentel BEH4MR6BO 39.58% 699,200

Mobitel Georgia BW170D4W1 20.19% 610,900

Telenor Hungary BGXYQZ4G2 100.00% 3,548,070

Kar-Tel BGNZD9BS1 29.69% 6,987,000

Telenor Montenegro CCJMZD9AN 100.00% 429,260

Vimpelcom BGNZVHDID 39.58% 52,991,400

Telenor Serbia BY8GADBPE 100.00% 3,059,000

Tacom BPGEVIS6A 31.66% 803,500

Kyivstar BGQR0XL9F 39.58% 24,380,000

Unitel Uzbekistan BS9PR4SXO 39.58% 5,101,700

Telenor Denmark C7S9CV9NG 100.00% 1,968,000

Telenor Mobil BGO004R0Q 100.00% 3,234,000

Telenor Sweden BW8RPV0IL 100.00% 2,083,550

Latelz C5Y4MMK6K 18.86% 1,150,000

Ncell CEQECM62E 60.36% 4,786,000

Azercell BGQQVX4BJ 37.93% 3,972,000

BeST BPLGW4M7C 29.67% 1,700,000

EMT Estonia BGQRM42O0 61.12% 791,000

Geocell BGQRPRV10 73.92% 2,096,000

AquaFon C70N0V214 22.33% 227,700

GSM Kazakhstan BGNZC9JW3 37.70% 9,357,000

LMT BGQRY0PR8 60.27% 1,048,000

Omnitel BGQU0ZVRC 100.00% 1,961,000

Moldcell BGQU4M7I5 73.92% 951,000

MegaFon BG0Z8TIWX 43.77% 57,100,000

Indigo-Somoncom C1740BOBI 60.00% 1,783,000

TT Mobile BGNZSK00D 32.83% 520,900

Astelit BG3RDFDG4 20.10% 6,100,000

Ucell BGO040E2X 93.97% 7,344,000

KKTCell BGU4EIU9T 37.09% 408,300

Telia Denmark BGNMWFCGN 100.00% 1,428,000

TeliaSonera Finland BIY77OFFA 100.00% 3,299,000

NetCom BGNZYFPTK 100.00% 2,151,300

Yoigo BGRD3XMG3 76.59% 2,474,000

TeliaSonera Sweden BJ8Y7QV9R 100.00% 6,034,000

Turkcell BG5URIDGN 37.09% 33,100,000

Roshan BP6VUXD5I 12.25% 4,141,000

Azercell BGQQVX4BJ 21.26% 3,972,000

BeST BPLGW4M7C 80.00% 1,700,000

Geocell BGQRPRV10 41.45% 2,096,000

GSM Kazakhstan BGNZC9JW3 21.14% 9,357,000

Moldcell BGQU4M7I5 41.45% 951,000

Astelit BG3RDFDG4 54.20% 6,100,000

KKTCell BGU4EIU9T 100.00% 408,300

Turkcell BG5URIDGN 100.00% 33,100,000

Vodafone Italia BGRYI4XKD 23.14% 30,470,990

Verizon Wireless BG33406PX 55.00% 104,022,000

Sotelco C1A0VZ3EA 90.00% 754,300

GTEL Mobile C599QBWFI 40.00% 1,336,200

Armentel BEH4MR6BO 100.00% 699,200

Mobitel Georgia BW170D4W1 51.00% 610,900

Kar-Tel BGNZD9BS1 75.00% 6,987,000

VimpelCom BGNZVHDID 100.00% 52,991,400

Tacom BPGEVIS6A 80.00% 803,500

Kyivstar BGQR0XL9F 100.00% 24,380,000

Unitel Uzbekistan BS9PR4SXO 100.00% 5,101,700

Vodacom Congo BG20SOEEE 51.00% 4,155,000

Vodacom Lesotho BGO0MRONT 88.30% 688,160

Vodacom Mozambique BGO0ZKYA3 85.00% 1,895,430

Vodacom South Africa BG0Y8VXXG 93.75% 26,581,780

Vodacom Tanzania BGP79VMYG 65.00% 7,168,550





Vodacom Congo BG20SOEEE 33.15% 4,155,000

Vodafone Egypt BGYD0D1LZ 54.90% 31,832,000



Vodafone Ghana BNIV1277L 70.00% 2,804,900


Safaricom BGO0HBD7X 35.20% 17,180,000

Vodacom Lesotho BGO0MRONT 57.40% 688,160



SFR Mayotte BI2MR2KUI 44.00% 166,750

Vodacom Mozambique BGO0ZKYA3 55.25% 1,895,430



SFR Reunion BG0VW92CT 44.00% 737,500

Telecom Seychelles BGP7LIN78 4.37% 89,100


Vodacom South Africa BG0Y8VXXG 60.94% 26,581,780


TTCL BG217RK6E 1.53% 108,400

Vodacom Tanzania BGP79VMYG 42.25% 7,168,550



3 Australia BGUZ0XAE2 50.00% 2,855,200

Vodafone Australia BGQR9TVL3 50.00% 4,501,500


Vodafone Fiji BGQRR0D0K 49.00% 580,200



Vodafone Essar C1ED0BFEM 51.58% 5,776,010

Vodafone New Zealand BGQU4T0WJ 100.00% 1,548,100


Vodafone Albania BEF4PZYG1 100.00% 1,527,700

Vodafone Czech Republic BURS9V5BN 100.00% 3,194,000

Vodafone Hungary BGQRR2O61 100.00% 2,491,110

Polkomtel BGRARFMNZ 19.61% 13,669,400

Vodafone Romania BW5ZGRFRU 100.00% 9,197,000

Kibris Telsim BGU4E9J76 100.00% 157,600

SFR BG09M0V56 44.00% 22,684,000

Vodafone D2 BG09P2AK7 100.00% 33,036,000

Vodafone Greece CA5I9BSUA 100.00% 3,682,200


Vodafone Ireland BG0AIXIK2 100.00% 2,213,000

Vodafone Italia BGRYI4XKD 76.86% 30,470,990


Vodafone Malta BGQD4ZWNQ 100.00% 248,000

Vodafone Libertel BG09S6L55 100.00% 4,581,790

Vodafone Portugal BWFWZK3AY 100.00% 5,684,500

Vodafone Espana BWFWP4NUU 100.00% 16,279,510

Vodafone Turkey C5EPZVRFT 100.00% 16,823,000

Vodafone UK BGO0QR03R 100.00% 17,231,000

Vodafone Qatar C3U444O37 22.95% 757,000

Verizon Wireless BG33406PX 45.00% 104,022,000

Warid Telecom Uganda BYOLVQ0L0 49.00% 2,267,700


Warid Pakistan BN7U9VRO2 70.00% 17,806,000

Wana BW5SD9VKX 15.50% 1,050,000

Zain Sudan BGP7CXD2U 100.00% 10,970,300

Zain Bahrain BJWV7OERS 56.25% 457,300

Zain Iraq C5EDDHFR6 71.67% 12,516,300

Zain Jordan BGO0DMIYH 96.52% 2,464,700

Zain Kuwait BWIMH05O2 100.00% 1,881,200

SMTC Saudi Arabia C0PIVKBFI 25.00% 9,194,500

Proportionate subscriptions

18,104,300

53,421,949

5,046,990

29,706,784

5,307,700

10,676,770

2,070,000

4,452,510

1,550,000

537,500

65,655,000

2,519,151

314,900

690,620

9,998,000

1,012,500

994,850

18,195,477

1,556,970

4,595,666

434,041

2,555,262

456,462

918,202

170,568

382,916

133,300

46,225

5,646,330

216,723

27,081

59,393

859,828

87,075

1,325,000

85,557

65,400

97,519,000

1,542,885

12,503,400

970,300

17,015,698

26,173,799

11,418,080

571,884

5,840,732

17,052

1,564,200

1,384,400

1,269,900

4,767,400

748,095

1,399,275

3,990,000

2,487,900

1,931,630

1,916,550

10,543,733

89,100

564,100

3,886,380

37,940

1,705,800

2,432,566

3,224,900

148,145,240

9,840,768

1,810,000

10,360

67,110

444,840,472

1,658,817

9,375,500

99,691,000

66,600

172,901,100

32,214

481,000

591,778

71,284

53,516

1,180,200

1,533,060

3,309,534

2,916,211

385,092

16,403

178,404

12,252,750

1,653,938

105,709

387,042

1,205,130

3,833,000

34,574,000

2,280,000

4,738,000

15,515,000

33,154,000

7,400

56,600

37,000

130,000

28,920

4,070

80,300

95,700

1,068,800

30,889

398,000

60,400

2,535,700

906,452

2,284,500

34,400

96,900

858,582

41,800

131,400

64,000

327,360

1,004,970

51,000

290,200

1,394,500

79,470

22,800

132,400

1,103,700

573,440

188,955

2,213,000

5,565,252

237,200

11,146

5,382

19,345

352,665

3,125,640

32

55,623

89,400

270,834

1,205,750

421,080

433,027

5,226,900

4,798,521

3,500,000

2,254,800

4,920,064

7,430,000

420,240

3,919,305

318,000

4,893,450

10,809,799

164,000

89,020

363,169

640,760

886,348

1,483,367

272,000

5,360

4,448,000

783,200

672,900

2,211,912

426,001

410,008

2,927,010

123,090

575,300

425

132,755

36,463

617,000

1,676,780

7,224,761

10,031,480

2,867,000

776,580

2,107,536

29,734,000

7,990

47,980

627,400

13,272,300

1,572,100

15,515,000

404,800

1,105,221

1,254,575

1,977,959

1,426,250

7,962,000

250,978

1,300,000

7,490,000

1,154,800

389,100

270,700

5,970,895

775,380

5,667,200

58,010,300

380,347

3,102,400

19,154,400

9,163,600

524,800

466,600

1,544,550

2,149,950

3,572,510

238,960

498,365

2,526,330

4,671,260

2,501,490

2,221,324

2,792,610

3,627,657

4,428,230

3,491,360

396,287

1,683,750

765,850

3,212,300

1,725,000

3,227,382

1,186

8,856,855

2,002,000

570,000

477,000

30,592,530

1,450,900

19,197,000

3,413,600

203,400

6,234,470

1,838,700

125,000

3,807,801

15,381,590

3,690,000

2,464,956

2,040,000

2,327,500

71,460,000

2,390,000

18,280,000

9,110,000

5,358,600

42,260

696,225

18,191,242

3,090,612

58,010,300

889,925

16,430

6,691,251

300,203

67,473

15,014,456

1,122,400

470,900

10,307,363

284,700

0

873,420

20,126,540

308,250

32,609,900

1,972,592

178,386

3,934,000

54,678

4,477,018

352,011

1,290,140

7,600,000

1,175,700

98,520

32,835

399,534

39,933

10,267,086

195,230

155,568

7,477,900

3,736,997

8,481

14,719

25

42,322

206,070

2,355,574

86,130

29,705,000

95,616

55,125

263,192

2,491,863

982,427

1,082,794

101,236

2,076,550

60,073

504,455

446,469

409,613

1,537,184

241,272

451,313

1,286,880

802,348

622,951

618,194

3,400,635

181,922

1,253,358

12,238

550,121

784,649

9,125,000

804,150

288,467

47,602,174

33,314,141

34,790,000

5,341,800

12,501,678

79,500

3,307,000

583,725

6,783,559

21,643

3,341

8,756,261

119,610

1,173,929

193,000

33,500

50,764,800

2,066,846

4,513,515

5,265,390

2,518,233

1,839,620

207,300

230,724

19,070,250

755,000

467,000

157,080

1,016,000

1,781,000

18,985,000

331,729

3,615,000

505,000

4,263,870

53,039,150

323,570

31,038,000

23,828

2,003

661

8,147

804

15,999,700

403,910

5,028,111

37,306,362

9,100,600

9,970,600

4,392,400

1,378,718

1,987,890

20,057,000

1,126,470

2,120,420

30,590

12,350,248

1,743,100

9,078,100

13,013,375

3,941

3,167

3,349,660

657,704

17,352,200

1,680,300

2,942,402

149,763

24,366,400

23,636,400

3,090,780

5,277,400

2,682,000

490,500

1,428,100

629,900

5,145,400

6,500

17,845,956

268,682

6,232,084

4,333,070

25,753,000

11,436,186

211,520

61,008

276,743

123,341

3,548,070

2,074,440

429,260

20,973,996

3,059,000

254,388

9,649,604

2,019,253

1,968,000

3,234,000

2,083,550

216,890

2,888,830

1,506,580

504,390

483,459

1,549,363

50,845

3,527,589

631,630

1,961,000

702,979

24,992,668

1,069,800

171,011

1,226,100

6,901,157

151,438

1,428,000

3,299,000

2,151,300

1,894,837

6,034,000

12,276,790

507,273

844,447

1,360,000

868,792

1,978,070

394,190

3,306,200

408,300

33,100,000

7,050,987

57,212,100

678,870

534,480

699,200

311,559

5,240,250

52,991,400

642,800

24,380,000

5,101,700

2,119,050

607,645

1,611,116

24,920,419

4,659,558

68,356

60,498

55,452

208,120

1,377,383

17,475,768

32,653

61,195

1,963,430

174,300

6,047,360

395,004

108,721

84,412

73,370

1,047,225

83,689

460,586

324,500

3,894

24,651

16,198,936

169,705

1,659

3,028,712

74,543

106,367

1,427,600

2,250,750

140,974

284,298

6,475,254

429,264

2,979,266

1,548,100

79,097

1,527,700

3,194,000

2,491,110

2,680,569

9,197,000

157,600

9,980,960

33,036,000

3,682,200

453

2,213,000

23,420,003

2,933

248,000

4,581,790

5,684,500

16,279,510

16,823,000

17,231,000

173,732

46,809,900

1,111,173

1,382,100

12,464,200

162,750

10,970,300

257,231

8,970,432

2,378,928

1,881,200

2,298,625

Historical summary (based on previous editions of WCI)

Display historical chart for company:

Company Dec 2009 Mar 2010 Jun 2010

America Movil 203,379,633 205,398,736 210,347,508AT&T Inc 100,180,786 105,974,385 109,546,923Axiata 64,749,453 60,542,190 64,563,878Bharti Airtel 117,333,097 128,354,323 171,514,839China Mobile CC 393,833,268 414,382,265 420,857,879China Telecom 56,602,300 65,949,500 74,116,500China Unicom 147,587,000 152,087,200 157,152,100Deutsche Telekom 130,385,105 126,092,166 124,138,736Digicel n/a n/a 8,967,563Etisalat 34,589,578 37,196,827 38,887,865France Telecom 111,360,998 111,986,412 113,161,378Hutchison Whampoa 22,331,887 23,578,523 25,838,408KDDI 32,360,895 32,434,330 32,676,271KPN 30,073,780 29,744,260 30,595,750MIC 30,040,844 29,019,821 30,574,088MTN 88,260,837 93,934,726 97,235,553MTS 100,425,062 100,674,468 102,280,663NTT DoCoMo 78,960,259 84,878,634 86,017,592Orascom 71,374,860 73,095,628 76,970,489OTE 22,794,089 22,737,923 22,385,641Portugal Telecom 25,517,800 26,462,890 30,116,502Qtel 29,656,796 37,781,341 37,015,562

Dec 2009 Mar 2010 Jun 2010 Sep 2010 Dec 2010 Mar 20110

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Singapore Telecom 99,542,813 102,023,443 112,997,128SK Telecom 28,139,980 28,876,650 28,876,650Sprint Nextel 48,102,600 48,025,800 48,135,600STC 33,855,321 33,894,015 37,766,434Tele2 22,210,570 23,139,294 24,304,459Telecom Italia 63,237,945 63,859,417 65,568,354Telefonica SA 188,797,056 190,522,969 190,522,969Telekom Austria 17,701,180 17,765,230 17,979,920Telenor 98,071,966 101,906,905 107,739,055TeliaSonera 67,159,064 68,281,827 70,934,559Turkcell 44,399,670 43,615,432 43,585,498Verizon 56,337,479 57,269,838 57,702,717VimpelCom 63,908,506 63,620,010 65,330,531Vodacom 30,675,850 31,634,671 27,691,861Vodafone 305,271,726 310,306,940 319,199,698Warid 17,151,266 13,372,240 13,987,338Zain 56,707,844 58,688,423 24,570,729Total 3,133,069,161 3,219,109,652 3,321,855,185

Historical summary (based on previous editions of WCI)

Sep 2010 Dec 2010 Mar 2011

215,554,126 224,162,640 230,255,001112,644,310 116,184,918 118,683,886

68,901,727 64,205,152 74,510,945180,377,229 193,186,886 203,817,347431,830,236 445,738,676 455,874,789

83,492,000 91,021,300 99,757,600162,067,500 167,984,300 172,901,100120,663,653 119,600,106 120,447,266

11,121,274 10,954,573 12,254,51440,298,972 41,756,759 44,001,756

114,008,930 121,331,818 124,599,81131,141,448 34,121,816 35,889,83732,651,914 32,900,154 58,390,64731,231,610 31,780,190 31,945,20033,023,415 33,591,133 34,660,883

101,773,052 106,333,404 110,921,270103,193,717 105,154,928 105,607,500

88,319,393 90,510,206 93,354,52178,982,282 81,442,097 81,117,92922,325,795 23,873,463 19,858,82527,950,984 9,572,810 12,364,40638,557,797 39,932,400 43,364,191

Dec 2009 Mar 2010 Jun 2010 Sep 2010 Dec 2010 Mar 20110

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126,604,410 132,149,145 167,678,51326,618,132 26,945,061 10,049,80148,777,300 49,872,500 50,991,30032,988,420 37,057,214 35,711,87825,693,565 26,573,300 27,107,80967,486,128 85,416,023 88,664,590

215,207,066 219,747,583 219,264,97417,788,003 18,019,620 18,750,580

111,025,077 119,212,882 115,835,15272,574,628 75,121,274 76,126,92942,407,687 42,196,733 42,259,99957,624,124 58,133,777 64,263,08786,966,159 89,675,992 90,580,25929,466,170 31,181,901 33,917,787

308,081,275 255,231,178 264,740,05314,381,587 14,519,147 14,957,47324,894,171 25,954,102 26,919,467

3,438,695,264 3,492,347,159 3,632,398,870

Top 100 global operators by total subscriptions

Region Country Operator Total Mar 10

Asia Pacific China China Mobile 539,087,200

Asia Pacific China China Unicom 152,086,000

Asia Pacific India Bharti 127,619,330

Asia Pacific India Vodafone Essar 100,858,350

Asia Pacific India Reliance Communications 99,430,030

USA/Canada USA Verizon Wireless 92,801,000

Asia Pacific China China Telecom 65,940,000

Asia Pacific Indonesia Telkomsel 81,950,000

USA/Canada USA AT&T Mobility USA 86,987,000

Asia Pacific India Idea Cellular 63,824,710

Asia Pacific India BSNL 63,487,360

Asia Pacific India Tata Teleservices 57,910,400

Europe: Eastern Russia Mobile TeleSystems 69,245,900

Americas Mexico Radiomóvil Dipsa 60,265,000

Americas Brazil Vivo 53,949,130

Asia Pacific Japan NTT DoCoMo 56,082,200

Europe: Eastern Russia MegaFon 51,643,000

Asia Pacific India Aircel 36,861,200

Americas Brazil Claro Brazil 45,583,230

Americas Brazil TIM Brasil 42,367,000

Europe: Eastern Russia VimpelCom 51,253,700

Asia Pacific Vietnam Viettel Vietnam 46,046,000

USA/Canada USA Sprint Nextel USA 47,805,200

Total for top 100

Global total

Percentage of global market covered by top 100 operators

Contents

Asia Pacific Philippines Smart Communications 43,207,320

Asia Pacific Indonesia Indosat 37,700,000

Middle East Iran TCI 35,427,100

Americas Brazil Telemar PCS (Oi) 36,555,120

Africa Nigeria MTN Nigeria 33,301,000

Asia Pacific Indonesia XL Axiata 32,524,000

Asia Pacific Vietnam MobiFone 26,623,000

Europe: Western Germany T-Mobile Germany 38,544,000

USA/Canada USA T-Mobile USA 33,223,000

Europe: Western Turkey Turkcell 34,300,000

Europe: Western Germany Vodafone D2 31,256,890

Asia Pacific Japan KDDI 31,872,400

Asia Pacific Pakistan PMCL 31,572,180

Asia Pacific Bangladesh GrameenPhone 23,900,000

Asia Pacific Thailand AIS 29,509,200

Africa Egypt Vodafone Egypt 24,605,000

Asia Pacific Vietnam VinaPhone 22,000,000

Middle East Iran MTN Irancell 25,386,000

Europe: Western Italy Telecom Italia 30,393,000

Europe: Western UK Everything Everywhere (Orange & T-Mobile JV)

Europe: Western Italy Vodafone Italia 26,920,000

Americas Colombia Comunicaciones Celulares Colo 28,054,210

Europe: Western France Orange France 28,660,000

Africa Egypt ECMS 26,104,000

Asia Pacific Philippines Globe Telecom 23,890,000

Africa South Africa Vodacom South Africa 23,911,400

Asia Pacific Korea SK Telecom 24,846,000

Asia Pacific Pakistan Telenor Pakistan 23,279,130

Asia Pacific Japan Softbank Mobile 21,876,600

Europe: Eastern Ukraine Kyivstar 21,934,000

Europe: Western Spain Telefónica Móviles 23,727,800

Europe: Western UK O2 (UK) 22,355,500

Asia Pacific India Unitech Wireless 4,264,040

Europe: Western France SFR 21,407,000

Asia Pacific Thailand DTAC 20,288,000

Asia Pacific Pakistan PTML 18,829,590

Africa Nigeria Globacom Nigeria 17,175,830

Europe: Western Italy Wind 18,800,000

Asia Pacific Bangladesh Orascom Bangladesh 14,219,450

Americas Mexico Telefónica Móviles Mexico 17,813,000

Africa South Africa MTN 16,424,000

Europe: Western Germany E-Plus 17,361,000

Middle East Saudi Arabia Saudi Telecom Company 17,496,000

Europe: Eastern Russia Tele2 Russia 15,400,400

Middle East Saudi Arabia Etihad Etisalat 15,592,090

Europe: Eastern Ukraine MTS-Ukraine 17,349,500

Asia Pacific Bangladesh Robi Axiata 13,401,000

Americas Argentina AMX Argentina 17,317,000

Asia Pacific Pakistan Warid Pakistan 16,275,820

Asia Pacific Thailand True Move 16,176,000

Asia Pacific Philippines Digitel Mobile 12,910,000

Europe: Western Germany O2 Germany 15,864,700

Europe: Western UK Vodafone UK 16,925,130

Africa Kenya Safaricom 15,794,340

Americas Argentina Telecom Personal 14,948,000

Europe: Western Turkey Vodafone Turkey 15,829,000

Africa Morocco Ittissalat Al-Maghrib 15,578,000

Asia Pacific Korea KT Corp 15,368,000

Europe: Western Spain Vodafone Espana 15,824,020

Africa Nigeria Bharti Airtel Nigeria 14,687,310

Americas Argentina Telefónica Móviles Argentina 16,182,000

Africa Algeria Orascom Telecom Algeria 14,790,370

Europe: Eastern Poland Orange (Poland) 13,829,000

Asia Pacific Malaysia Maxis Communications 12,691,000

Europe: Eastern Poland Polkomtel 13,721,000

Europe: Western Spain Orange Spain 12,380,000

Americas Venezuela Movilnet 12,622,390

Asia Pacific Indonesia 3 Indonesia 9,655,900

Europe: Eastern Poland Polska Telefonia Cyfrowa 13,361,000

Americas Peru Telefonica Móviles 11,680,910

Middle East Iraq Zain Iraq 10,613,000

Europe: Western Turkey AVEA 11,650,000

Asia Pacific Australia Telstra 10,549,700

Asia Pacific Malaysia Celcom Malaysia 10,381,000

Europe: Western France Bouygues Telecom 10,394,000

Africa Morocco Médi Télécom 9,657,800

Africa Sudan Zain Sudan 8,785,000

Total for top 100 3,642,803,080

Global total 4,769,502,640

Regional summary

Region Total Mar 10

Africa 469,764,750

Americas 520,569,050

Asia Pacific 2,215,448,560

Europe: Eastern 486,345,990

Europe: Western 576,576,420

Middle East 187,647,850

USA/Canada 313,150,020

Top 100 global operators by total subscriptions

Total Jun 10 Total Sep 10 Total Dec 10 Total Mar 11

554,042,600 569,754,000 584,015,000 599,353,900

156,961,000 162,066,000 167,427,000 172,901,100

136,620,420 144,238,130 152,495,220 162,203,390

109,060,700 115,553,060 124,255,130 134,319,430

107,826,250 114,357,360 122,678,980 130,970,210

92,063,000 93,170,000 94,135,000 104,022,000

74,960,000 83,430,000 90,956,900 99,691,000

88,316,000 93,136,000 94,001,000 99,400,000

90,130,000 92,761,000 95,536,000 97,519,000

68,886,530 74,213,600 81,778,670 89,498,980

67,869,740 72,695,230 81,491,110 87,270,200

64,383,000 71,117,000 76,384,000 83,265,000

69,400,000 69,670,000 71,450,000 71,460,000

61,293,010 62,439,990 64,138,000 65,655,000

55,977,320 57,714,410 60,292,510 62,061,540

56,618,100 56,894,200 57,210,000 58,010,300

53,519,000 55,856,400 56,607,000 57,100,000

41,679,580 46,515,400 50,168,820 54,843,300

46,901,530 48,766,710 51,637,690 53,437,980

44,424,430 46,972,500 51,027,620 53,039,150

50,912,100 51,615,000 52,020,000 52,991,400

50,196,490 50,700,000 51,325,000 51,600,000

47,913,000 48,553,700 49,647,200 50,764,800

Colour key:Real Market Intelligence Estimate

Total for top 100

Global total

Percentage of global market covered by top 100 operators

45,346,000 44,112,340 45,636,000 46,656,680

37,800,000 39,700,000 40,714,300 45,700,000

35,554,800 37,601,220 42,000,000 43,934,400

37,168,400 37,928,850 39,272,690 41,442,990

35,057,000 36,841,000 38,669,000 40,211,000

35,200,000 38,497,000 40,400,000 39,300,000

30,950,000 31,860,000 33,929,000 35,951,000

36,976,000 34,900,000 34,694,000 34,574,000

33,140,000 33,307,300 33,247,500 33,154,000

33,900,000 33,900,000 33,500,000 33,100,000

31,560,970 32,302,160 33,008,400 33,027,000

32,091,400 32,291,200 32,527,400 32,999,000

32,202,550 31,444,100 31,794,290 32,609,900

26,456,000 28,655,000 29,971,000 31,982,000

30,007,700 30,502,100 31,200,700 31,951,300

25,755,140 28,199,000 31,271,000 31,832,000

26,500,000 27,500,000 29,550,400 31,600,800

26,967,000 28,489,000 29,743,000 31,391,000

30,544,800 30,632,000 31,018,000 31,038,000

30,416,400 30,418,000 30,557,900 31,030,000

27,287,350 27,574,000 27,482,830 30,470,990

28,288,500 28,603,000 29,236,520 29,886,100

28,770,000 28,871,000 29,721,000 29,734,000

26,118,460 27,265,850 28,388,000 29,729,920

24,621,750 25,403,000 26,471,000 27,320,000

21,212,000 22,633,190 23,981,850 26,581,780

25,146,330 25,445,300 25,705,000 25,989,000

23,798,220 23,836,210 24,692,000 25,753,000

22,573,200 23,474,200 24,399,900 25,408,700

21,948,000 25,057,000 24,390,000 24,398,000

23,879,100 24,123,600 24,309,600 24,366,400

22,705,600 23,007,100 23,461,500 23,636,400

6,023,650 11,267,640 18,510,060 22,792,160

21,612,000 21,927,000 22,559,000 22,684,000

20,640,000 20,936,000 21,620,400 22,345,030

19,549,100 20,236,450 20,275,000 20,506,500

17,190,980 17,604,840 19,627,420 20,305,400

19,263,000 19,600,000 19,930,000 20,279,000

16,096,600 18,107,000 19,327,000 20,126,540

18,256,900 18,760,490 19,661,600 20,057,000

17,102,000 17,772,000 18,842,000 19,197,000

17,631,000 18,307,080 18,792,840 19,154,400

17,739,000 18,549,000 19,062,540 19,070,250

16,513,000 17,683,000 18,438,000 18,985,000

16,438,950 17,207,000 17,975,100 18,743,100

17,521,000 18,151,500 18,240,000 18,280,000

14,548,000 15,642,000 16,716,000 18,197,000

17,802,600 17,962,820 18,066,040 18,104,300

16,931,690 17,164,960 17,517,480 17,806,000

16,356,000 16,537,000 17,118,000 17,670,000

14,070,000 15,100,000 16,358,900 17,617,700

16,272,100 16,628,000 17,049,290 17,352,200

16,780,060 17,078,400 17,253,900 17,231,000

16,295,200 16,710,000 17,040,500 17,180,000

15,513,300 15,988,000 16,300,000 16,900,000

16,148,000 16,528,000 16,675,000 16,823,000

15,904,000 16,740,000 16,890,000 16,655,000

15,594,000 15,831,000 16,041,000 16,299,000

15,901,520 16,166,120 16,522,380 16,279,510

15,207,750 15,551,850 15,834,240 16,048,300

16,364,000 16,412,600 16,148,900 15,999,700

15,142,460 14,919,030 15,087,390 15,509,200

14,085,000 14,193,000 14,402,000 14,493,000

12,971,000 13,525,000 13,954,000 14,389,900

13,709,000 13,698,210 13,739,240 13,669,400

12,297,000 12,761,000 13,136,000 13,346,000

12,476,280 12,800,970 13,408,000 13,270,890

10,646,300 11,500,000 12,400,000 13,270,000

13,276,000 13,321,000 13,259,000 13,175,000

11,805,400 12,141,900 12,507,100 12,560,000

11,685,000 11,775,000 12,074,000 12,516,300

11,470,000 11,430,000 11,600,000 11,800,000

10,561,800 11,000,000 11,481,000 11,736,600

10,597,200 11,097,000 11,193,000 11,327,000

10,514,000 10,721,000 11,084,000 11,191,000

9,879,800 10,100,000 10,361,200 11,120,000

9,198,000 9,707,000 10,416,000 10,970,300

3,811,476,110 3,953,403,270 4,110,116,150 4,271,169,720

4,938,349,990 5,116,590,470 5,320,883,720 5,509,863,320

Total Jun 10 Total Sep 10 Total Dec 10 Total Mar 11

483,988,620 508,063,190 536,403,060 558,026,240

533,238,080 546,890,920 567,977,310 583,238,440

2,340,609,240 2,454,685,790 2,578,419,960 2,700,326,630

493,501,030 501,293,650 510,979,920 515,476,580

574,827,070 579,649,960 584,571,290 589,573,530

195,490,780 204,145,500 215,000,750 221,646,920

316,695,170 321,861,460 327,531,430 341,574,980

M&A Activity

Transaction date Region of target Country of target

Jan 2006 Asia Pacific IndiaJan 2006 Asia Pacific IndiaJan 2006 USA/Canada USAJan 2006 Europe: Eastern UzbekistanJan 2006 Americas VenezuelaJan 2006 Asia Pacific PhilippinesJan 2006 Europe: Western GreeceJan 2006 Asia Pacific ThailandJan 2006 Africa MalawiJan 2006 Europe: Eastern UzbekistanJan 2006 Asia Pacific AustraliaJan 2006 Europe: Western SwedenFeb 2006 Asia Pacific CambodiaFeb 2006 Africa SudanFeb 2006 Europe: Western UK, Germany, IrelandApr 2006 Africa SudanApr 2006 Middle East YemenApr 2006 Europe: Western AustriaApr 2006 Asia Pacific JapanMay 2006 Americas French GuianaMay 2006 Americas French West IndiesMay 2006 Americas VenezuelaMay 2006 Africa BurundiMay 2006 Europe: Western TurkeyMay 2006 Africa NigeriaJun 2006 Europe: Western MaltaJun 2006 USA/Canada USAJun 2006 Americas BoliviaJun 2006 Asia Pacific IndiaJun 2006 Americas GuyanaJun 2006 Africa CameroonJul 2006 USA/Canada CanadaJul 2006 World VariousJul 2006 Africa NamibiaJul 2006 Africa UgandaJul 2006 Africa TunisiaJul 2006 USA/Canada USAJul 2006 Middle East JordanJul 2006 Europe: Western UKSep 2006 Asia Pacific IndiaSep 2006 Asia Pacific IndiaSep 2006 Europe: Western TurkeySep 2006 Europe: Eastern SerbiaSep 2006 USA/Canada CanadaSep 2006 Asia Pacific SamoaOct 2006 Americas El SalvadorOct 2006 Asia Pacific India

This list represents all available M&A data held by Informa Telecoms & Media, but is not necessarily a 100% exhaustive list of all transactions due to the limitations of disclosure in some cases. Records date back to 2006

Contents M&A Activity Chart

Oct 2006 USA/Canada USANov 2006 Europe: Eastern ArmeniaNov 2006 Europe: Western BelgiumNov 2006 Americas HaitiNov 2006 Africa Democratic Rep of Congo (Nov 2006 Europe: Eastern PolandNov 2006 Americas MexicoDec 2006 USA/Canada USADec 2006 Americas Puerto RicoDec 2006 USA/Canada USADec 2006 Asia Pacific GuamDec 2006 Africa Burkina FasoDec 2006 Africa NigeriaDec 2006 Europe: Western SwedenDec 2006 Europe: Western SwitzerlandDec 2006 Americas Dominican RepublicDec 2006 Africa NigeriaJan 2007 Europe: Eastern Latvia & LithuaniaJan 2007 Americas St Kitts & NevisJan 2007 Asia Pacific MalaysiaJan 2007 Asia Pacific MalaysiaJan 2007 Europe: Eastern RomaniaJan 2007 Europe: Eastern RomaniaJan 2007 Africa Guinea-BissauJan 2007 Africa South AfricaFeb 2007 Africa GabonFeb 2007 Asia Pacific IndiaFeb 2007 Asia Pacific PakistanFeb 2007 World VariousMar 2007 Africa NigeriaMar 2007 Americas Puerto RicoMar 2007 Middle East YemenMar 2007 World VariousApr 2007 Africa LiberiaApr 2007 Europe: Western DenmarkApr 2007 Europe: Western GreeceApr 2007 Africa LibyaMay 2007 USA/Canada USAMay 2007 Europe: Eastern BulgariaMay 2007 Americas VenezuelaMay 2007 Europe: Eastern EstoniaMay 2007 Asia Pacific PakistanJun 2007 Europe: Western GreeceJun 2007 Americas Puerto RicoJul 2007 USA/Canada USA*Jul 2007 Europe: Eastern MoldovaJul 2007 Europe: Western GermanyJul 2007 Europe: Western DenmarkJul 2007 Europe: Western LuxembourgAug 2007 Americas Dominican RepublicAug 2007 Europe: Eastern BulgariaAug 2007 Africa GambiaAug 2007 USA/Canada USAAug 2007 Europe: Eastern Russia

Aug 2007 Americas BrazilAug 2007 Africa NigeriaSep 2007 Europe: Eastern ArmeniaSep 2007 Asia Pacific MalaysiaSep 2007 Africa NigeriaSep 2007 Europe: Western NetherlandsSep 2007 Asia Pacific IndiaSep 2007 Asia Pacific PakistanOct 2007 World VariousOct 2007 World VariousOct 2007 Africa NigeriaOct 2007 Europe: Western AustriaOct 2007 Africa RwandaOct 2007 Europe: Western NorwayOct 2007 Europe: Western ItalyOct 2007 Africa GhanaNov 2007 Asia Pacific MalaysiaNov 2007 USA/Canada USANov 2007 Europe: Eastern BelarusNov 2007 Africa KenyaDec 2007 Europe: Eastern RussiaDec 2007 Africa NigeriaDec 2007 Europe: Western GreeceDec 2007 Asia Pacific IndonesiaDec 2007 Various VariousDec 2007 Africa NigeriaDec 2007 Middle East IraqDec 2007 Africa Côte d'IvoireDec 2007 Europe: Western Italy, SpainJan 2008 Africa BurundiJan 2008 USA/Canada USAJan 2008 Africa KenyaJan 2008 Europe: Eastern GeorgiaJan 2008 World VariousJan 2008 Asia Pacific PhilippinesJan 2008 Asia Pacific IndiaFeb 2008 Europe: Western Belgium, NetherlandsFeb 2008 Africa UgandaFeb 2008 World VariousFeb 2008 Europe: Eastern RussiaFeb 2008 Europe: Eastern PolandFeb 2008 USA/Canada USAMar 2008 Africa KenyaMar 2008 Africa AlgeriaMar 2008 Europe: Western AustriaMar 2008 Americas ArgentinaApr 2008 Americas BrazilApr 2008 Europe: Western GermanyApr 2008 Europe: Western GermanyApr 2008 USA/Canada USAApr 2008 USA/Canada USAApr 2008 Europe: Western FranceApr 2008 Europe: Western Netherlands, Germany, BeApr 2008 Americas Brazil

May 2008 Asia Pacific PhilippinesMay 2008 Europe Romania, PortugalMay 2008 Europe Greece, Albania, Bosnia, May 2008 USA/Canada USAMay 2008 Europe: Eastern RussiaMay 2008 Asia Pacific IndiaJun 2008 Asia Pacific IndonesiaJun 2008 Asia Pacific IndiaJun 2008 Europe: Eastern SloveniaJun 2008 Europe: Western LiechtensteinJun 2008 Europe: Western LuxembourgJun 2008 Africa BurundiJun 2008 Africa South AfricaJul 2008 Africa GhanaJul 2008 Europe: Eastern KazakhstanJul 2008 Africa Central African RepublicAug 2008 Europe: Eastern BelarusAug 2008 World VariousAug 2008 USA/Canada USAAug 2008 Asia Pacific IndiaAug 2008 Africa KenyaAug 2008 USA/Canada USASep 2008 Europe: Western SwitzerlandSep 2008 Asia Pacific BangladeshOct 2008 Africa Côte d'IvoireOct 2008 Americas VariousOct 2008 Asia Pacific CambodiaOct 2008 Africa Côte d'IvoireOct 2008 Africa UgandaOct 2008 Asia Pacific IndonesiaOct 2008 Asia Pacific IndiaOct 2008 Asia Pacific NepalNov 2008 USA/Canada USANov 2008 Africa South AfricaDec 2008 Europe: Eastern PolandDec 2008 Asia Pacific IndiaDec 2008 Europe: Western LuxembourgJan 2009 USA/Canada USAJan 2009 Americas BrazilJan 2009 Africa NigeriaJan 2009 Africa NamibiaFeb 2009 Europe: Eastern AlbaniaFeb 2009 Europe: Eastern RussiaFeb 2009 Europe: Western NorwayMar 2009 Europe: Eastern Georgia (Autonomous RepuMar 2009 Europe: Eastern AlbaniaMar 2009 Europe: Western DenmarkMar 2009 Asia Pacific IndonesiaMar 2009 Europe: Eastern PolandMar 2009 Africa MaliMar 2009 Asia Pacific IndiaMar 2009 Asia Pacific IndiaMar 2009 Africa MoroccoMar 2009 Europe: Western Sweden

D188

Amnet is a leading provider of broadband and cable TV services in Honduras and El Salvador; it also serves Costa Rica, and provides fixed telephony in El Salvador and Honduras, plus corporate data services in Costa Rica, El Salvador, Honduras, Guatemala and Nicaragua.

Apr 2009 Europe: Western DenmarkApr 2009 Asia Pacific MalaysiaMay 2009 Asia Pacific IndiaMay 2009 Europe: Western DenmarkMay 2009 Europe: Eastern MacedoniaMay 2009 Asia Pacific KoreaMay 2009 Europe: Western BelgiumMay 2009 Middle East PalestineMay 2009 Asia Pacific IndiaMay 2009 Asia Pacific IndiaMay 2009 Africa KenyaMay 2009 USA/Canada CanadaMay 2009 Africa KenyaJun 2009 Asia Pacific ThailandJun 2009 Europe: Western FranceJul 2009 Europe: Eastern RussiaJul 2009 Asia Pacific PhilippinesJul 2009 Asia Pacific IndiaJul 2009 Europe: Eastern PolandAug 2009 Europe: Eastern PolandAug 2009 Europe: Western GreeceSep 2009 Americas BrazilSep 2009 Asia Pacific MalaysiaSep 2009 Europe: Eastern UzbekistanOct 2009 Asia Pacific ChinaOct 2009 Europe: Eastern RussiaOct 2009 Europe: Western DenmarkOct 2009 Europe: Western FranceOct 2009 Europe: Western SpainOct 2009 Asia Pacific Sri LankaNov 2009 Asia Pacific IndiaNov 2009 USA/Canada USANov 2009 Europe: Western GermanyNov 2009 Asia Pacific CambodiaNov 2009 USA/Canada USADec 2009 USA/Canada USADec 2009 Africa Sierra LeoneDec 2009 Asia Pacific IndonesiaDec 2009 Europe: Western LiechtensteinDec 2009 Asia Pacific IndonesiaJan 2010 Europe: Western NetherlandsJan 2010 Asia Pacific IndiaFeb 2010 Europe: Eastern MontenegroFeb 2010 Europe: Eastern PolandFeb 2010 Europe: Eastern UzbekistanFeb 2010 Asia Pacific BangladeshFeb 2010 Africa VariousFeb 2010 USA/Canada USAMar 2010 Asia Pacific IndonesiaMar 2010 Europe: Eastern KazakhstanMar 2010 Europe: Western United KingdomApr 2010 Europe: Western UKApr 2010 Africa TanzaniaApr 2010 Asia Pacific Malaysia

Apr 2010 Europe: Western UKApr 2010 Europe: Eastern UkraineMay 2010 Africa Guinea RepublicJun 2010 Africa VariousJun 2010 Africa ZambiaJun 2010 Europe: Western Isle of ManJul 2010 Europe: Western BelgiumJul 2010 Europe: Western SwedenAug 2010 Africa SeychellesAug 2010 Americas ArgentinaJul 2010 Americas HondurasJul 2010 Americas ParaguayJul 2010 Americas BrazilSep 2010 Africa ChadOct 2010 Europe: Western SwitzerlandOct 2010 Europe: Eastern Russia

Target company Acquirer Stake (%)

Aircel Cellular Ltd Maxis Communications 26.00Aircel Ltd Maxis Communications 26.00Alamosa PCS Sprint Nextel Corporation 100.00Buztel VimpelCom 100.00Corporación Digitel CA (Digitel TIM) Cisneros Group 100.00PLDT NTT DoCoMo 6.70Q-Telecom TIM Hellas (now WIND) 100.00Shin Corporation Plc Temasek 49.60Telekom Networks Malawi Econet Wireless 60.00Unitel VimpelCom 100.00Virgin Mobile Austrailia SingTel Optus 74.15Vodafone Sverige AB Telenor 100.00Casacom Telekom Malaysia International 49.00Mobitel MTC 61.00O2 Telefonica 100.00Bashair Telecom Investcom 30.00Spacetel Yemen Investcom 82.80Tele.ring T-Mobile 100.00Vodafone KK Softbank 97.68Bouygues Telecom Caraïbe (French Gui Digicel Ltd (owned by Digicel Group) 82.88Bouygues Telecom Caraïbe (French WestDigicel Ltd (owned by Digicel Group) 100.00Digitel, Infonet, Digicel Cisneros Group 100.00Spacetel Econet Wireless 65.00Telsim Vodafone 100.00Vmobile MTC 65.00GO (Maltacom) Emirates International 60.00Nextel WIP Corporation Sprint Nextel 100.00NuevaTel SA Trilogy International Partners 71.50Spice Communications Private Ltd Telekom Malaysia 49.00TWT Guyana Digicel Group 100.00GlobalNet MTN Cameroon 100.00Aliant Telecom Bell Canada 59.00Investcom MTN 100.00MTC Portugal Telecom 34.00MTN Uganda MTN 45.00Tunisie Telecom TECOM 35.00UbiquiTel Inc Sprint Nextel 100.00Umniah Batelco 96.00Virgin Mobile NTL Telewest 100.00Aircel Cellular Ltd Maxis Communications 48.00Aircel Ltd Maxis Communications 48.00Avea Turk Telekom 40.57Mobtel Telenor 100.00Superior Wireless Thunder Bay Mobility 100.00Telecom Samoa Cellular Digicel 90.00Digicel Holdings Ltd Digicel Ltd (owned by Digicel Group) 55.00Essar Spacetel Ltd Hutchison (now Vodafone) Essar Ltd 100.00

This list represents all available M&A data held by Informa Telecoms & Media, but is not necessarily a 100% exhaustive list of all transactions due to the limitations of disclosure in some cases. Records date back to 2006

Midwest Wireless Alltel Corporation 100.00Armentel VimpelCom 90.00Belgacom Mobile Belgacom 25.00Communication Cellulaire d'Haiti SA Trilogy International Partners 51.00InterConnect Vodacom Congo 100.00PTC Deutsche Telekom 48.00Sistemas Profesionales de Comunicació Grupo Salinas 46.50Bellsouth AT&T Inc. 100.00Cellular Communications of Puerto Rico AT&T 50.00Cingular Wireless AT&T Inc. 40.00Guamcell and Guam Wireless NTT DoCoMo 100.00Onatel Ittisalat al-Maghrib 51.00Prestel GVT South Africa 60.00Spring Mobil Tele2 49.00Swisscom Mobile Swisscom 25.00Verizon Dominicana America Movil 100.00VGC MTN Nigeria 100.00Bite Mid Europa Partners 100.00C&W Caribbean Cellular (St Kitts and NevCable & Wireless 17.00U Mobile KT Freetel 16.50U Mobile NTT DoCoMo 16.50Zapp Romania Saudi Oger 50.00Zapp Romania Inquam 49.50Spacetel Sonatel Senegal 100.00WBS (iBurst) Vodacom Group 10.00Gabon Telecom Ittisalat al-Maghrib 51.00Hutchison Essar Ltd Vodafone 67.00Paktel Ltd (now CMPak) China Mobile Communications Corporat 89.00Africa Online Telkom South Africa 100.00Multilinks Telkom South Africa 75.00Puerto Rico Telecommunications Co America Movil 100.00Sabafon Batelco 20.00Wataniya Q-Tel 51.00Atlantic Wireless HiTs Telecom 45.00Debitel Denmark TeliaSonera 100.00TIM Hellas Weather Investments 100.00Uganda Telecom LAP Greencom 63.00Alltel Corporation TPG Capital and GS Capital Partners ( 100.00BTC American Investment Group 65.00CANTV Ministerio de Telecomunicaicones 79.62EMT TeliaSonera 5.00Paktel Ltd (now CMPak) China Mobile Communications Corporat 11.00Hellanic Telecommunications Organisati Various 11.00Movistar Puerto Rico Columbia Capital/MC Venture Partners 100.00MCT Corp TeliaSonera 100.00Orange Moldova France Telecom 33.00Talkline Debitel 100.00Tele2 Denmark Telenor 100.00VOXMobile Mobistar 90.00All America Cables and Radio (CentenniaTrilogy International Partners 100.00BTC American Investment Group 25.00Gamtel Spectrum Lebanon 50.00Ramcell Verizon Wireless 100.00Severnaya Korona (Tele2) VimpelCom 100.00

Telemig Holdings Vivo 53.90XS Broadband MTN 100.00K-Telecom Mobile TeleSystems 80.00Maxis STC 25.00Mubadala Etisalat 40.00Orange Netherlands T-Mobile 100.00Shyam Telelink Sistema Telecom 10.00Warid Telecom Singapore Telecom 30.00Afsat Communications MWEB Africa (South Africa) 100.00Afsat Communications MWEB Africa (South Africa) 100.00ITN Visafone Nigeria 100.00One France Telecom (35%), Mid Europa par 100.00RwandaTel LAP Greencom 80.00Talkmore Telenor 100.00Telecom Italia Olimpia 18.00Westel Celtel/Zain 75.00DIGI TIME dotCom 6.50Dobson Communications AT&T Inc. 100.00MDC (Velcom) Telekom Austria 70.00Telkom France Telecom 51.00Bashcell Mobile TeleSystems 100.00Bourdex Telecom Visafone Nigeria 100.00Cosmote OTE 0.87Excelcomindo Etisalat 15.97HTIL Hutchison Whampoa 14.20Intercellular Sudatel 70.00Iraqna Zain 62.00Oricel LAP Greencom 80.00Tele2 Italy and Spain Vodafone 100.00Africell Vtel n/aEasterbrook Cellular Corporation AT&T Inc. 100.00EWI Essar 49.00Geocell Fintur Holding 14.30Oger Telecom STC 35.00PLDT NTT DoCoMo 6.64Shyam Telelink Sistema Telecom 41.00Scarlet Belgacom 100.00Anupam Global Soft Reliance n/aConnecteo Monaco Telecom 49.00Golden Telecom Inc VimpelCom 100.00P4 Tolleron Investments & Novator Teleco 23.40Suncom Wireless T-Mobile USA 100.00Kenya Data Network (KDN) Altech (South Africa) 51.00Lacom Telecom Egypt 50.00Tele2 Austria (mobile) Telekom Austria 100.00Telecom Argentina Werthein Group 2.00Amazonia Celular Participacoes Telemar Norte Leste 19.34Arcor Vodafone 26.35Debitel Freenet 100.00Edge Wireless AT&T Inc. 64.30Hargray Wireless Leap Wireless 100.00Neuf Cegetel SFR 28.45Ortel Mobile KPN 51.00Telemig Celular Participacoes Vivo 22.72

CURE PLDT 100.00Inquam Saudi Oger 50.00OTE Deutsche Telekom 25.00Surewest Wireless Verizon Wireless 100.00Telekominvest AF Telecom 58.90Shyam Telelink Sistema Telecom 21.00Indosat Qtel 40.80Shyam Telelink Sistema Telecom 1.72T-2 Finetol 24.50Tele2 Liechtenstein Belgacom 100.00Tele2 Luxembourg Belgacom 100.00UCOM Orascom n/aVerizon South Africa MTN 100.00Ghana Telecom Vodafone 70.00Kar-Tel VimpelCom 25.00Telecel Orascom 100.00BeST Turkcell 80.00Gateway communications Vodacom 100.00Helio Virgin Mobile USA 100.00Idea Cellular TM International 14.99One Communication Safaricom Kenya 51.00Rural Cellular Corporation Verizon Wireless 100.00Tele2 Switzerland TDC Sunrise 100.00TM International Bangladesh NTT DoCoMo 30.00Afnet MTN Cote d'Ivoire 100.00Amnet Telecommunications Holding Millicom International Cellular 100.00Applifone TeliaSonera 51.00Arobase Telecom MTN Cote d'Ivoire 100.00Hits Telecom France Telecom 53.00Mobile-8 Jaresh Investment 32.00Spice Communications Idea Cellular 49.90Spice Nepal TeliaSonera 80.00CT Communications AT&T Inc. 100.00Vodacom Vodafone 15.00Polkomtel TDC Mobile International 19.61Swan Telecom Etisalat 45.00VOXMobile Mobistar 10.00Alltel Corporation Verizon Wireless 100.00Brasil Telecom Telemar Norte Leste 38.96Multilinks Telkom South Africa 25.00Powercom (Cell One) Orascom 100.00AMC Cosmote 12.00Dag Telecom Mobile TeleSystems 25.01Nordisk Mobiltelefon Norway AS Access Industries 100.00AquaFon MegaFon 51.00Cosmofon Telekom Slovenia 100.00Fullrate TDC 100.00Indosat Qtel 24.19Netia Private financial investors 31.00Sotelma Ittisalat al-Maghrib 51.00Tata Teleservices Ltd NTT DoCoMo 26.00Unitech Wireless Telenor 33.50Wana Corporate Zain 15.50Nordisk Mobiltelefon Sverige AB Access Industries 100.00

E190

Windstream acquired CT Communications and it included a wireless asset, which was now sold off to AT&T.

G207

6% bought from shareholder and 20% acquired from the issue of new shares.

E209

The company offers mobile broadband, although it is mainly a fixed broadband provider.

Nordisk Mobiltelefon Denmark Energi Midt 100.00U Mobile U Television Snd Bhd 16.50Allianz Infratech Etisalat DB Telecom 100.00Bibop Telenor Denmark 100.00Cosmofon Telekom Slovenia 100.00KT Freetel KT Corp 45.75Mobile Vikings KPN 33.00Palestine Telecommunications Co. Zain 56.53S Tel Batelco 36.90Unitech Wireless Telenor 15.50UUNET MTN 60.00Virgin Mobile Canada Bell Canada 50.00Zain Kenya Zain 95.00Bangkok Teletech Company True Corporation 21.76Mobisud France SFR 84.00Cellular Communications of Udmurtia Tele2 25.50Piltel Smart Communications 6.66S Tel Batelco 5.80Mobyland and Telekomunikacja KolejowaAero 2 70.00Nordisk Mobiltelefon Polkomtel 100.00OTE DT 5.00Telemig Celular Participacoes Vivo Participacoes 41.96U Mobile U Television Snd Bhd 16.50Unitel (Beeline) VimpelCom 7.00China Unicom Telefonica 2.68Comstar UTS Mobile TeleSystems 50.91Ice.net Denmark Access Industries 65.00Tele2 France Omer Telecom 100.00Telefonica S.A. China Unicom 0.89Tigo Etisalat 100.00Bharti Telecom Singapore Telecom 1.58Centennial Communications AT&T Inc. 100.00Hansenet Telefonica S.A. 100.00Royal Millicom Company Royal Group of Companies 41.60Virgin Mobile USA Sprint Nextel 86.90iPCS Sprint Nextel 100.00Millicom Sierra Leone Lintel group 100.00Sinar Mas Mobile-8 19.00Tango Unfy Nederland BV 100.00XL Axiata Axiata 2.70Ortel Mobile KPN 35.00Unitech Wireless Telenor 11.11M:Tel Telekom Srbija 49.00P4 Novator one 24.70Ucell TeliaSonera 20.00Warid Telecom Bharti Airtel 70.00Atlantique Telecom group Etisalat 18.00Corr Wireless Cellular South 100.00XL Axiata Private financial investors 18.00Neo Telecom (Mobile Telecom Service) Tele2 51.00Cable & Wireless Communications Private shareholders 100.00Orange Everything Everywhere 50.00Zanzibar Telecom Etisalat 14.00U Mobile Singapore Technologies Telemedia 33.00

G219

Bell already owned 50%, so now the total is 100%

G221

takes Telenor overall equity stake to 49%

G224

SFR already owned 16% of Mobisud, so 84% makes 100%. It is worth notng that the previous majority shareholder, Marco Telecom with 66%, is partly owed by Vivendi (with 53%) which also owns 55.8% of SFR.

G231

Telefónica will increase its holdings in China Unicom from approximately 5.38% to approximately 8.06%. Telefonica also agreed to see an equal value of shares to Unicom, which may gain a stake of as much as 0.892% in Telefonica.

E235

Comstar UTS is a fixed line operator. The stake was previously held by Sistema, which also owns MTS.

G242

Sprint owned 13.1% already; it now owns 100%.

E243

main investor of Bharti Airtel

G243

takes overall equity stake to 30.43%

G246

KPN now owns 100% of the company.

G247

takes equity stake up to 60.11%

G248

Etisalat increases its 82% stake to 100%.

T-Mobile (UK) Ltd Everything Everywhere 50.00Kyivstar GSM VimpelCom 100.00Intercel Guinea Sudatel 40.00Zain Africa Bharti Airtel 100.00Zamtel LAP Greencom 75.00Manx Telecom HG Capital/CPS Partners 100.00Mobisud Belgium Scarlet 100.00Spring Mobil Tele2 Sweden 50.00Telecom Seychelles Bharti Airtel 100.00Telecom Personal Telecom Italia 58.00Celtel (Tigo) Millicom International Cellular 100.00Hola Paraguay (Vox) COPACO 100.00Brasilcel NV (Vivo) Telefonica S.A. 100.00Sotel Mid Cost 60.00TDC Switzerland AG CCV Capital Partners 100.00Comstar UTS Mobile TeleSystems 9.00

Price paid (US$ million)

n/an/a

4,30060

425445444

1,90025

20022

1,25229

1,33230,829

n/an/a

1,64315,500

n/an/an/an/a

4,5501,000

283n/an/a

179n/an/an/a

5,526167222

2,2501,300

n/a1,793

n/a702500

1,920n/an/an/an/a

1,075451

2,635n/a

3n/an/a

67,000n/an/a72

291n/a22

3,4872,000

76580

13100100n/an/an/a1181

11,110460

21280n/a

1443,700

n/a185

4,623n/a

27,500147n/a72

n/an/a

160201140765154111

80226n/an/a

234

67132

4313,040

n/a1,800

11758n/an/a25

1,940100

256,883

120323

2,8001,070

39038

n/an/a

438960500

34n/a

1,096n/an/an/an/a

2,600760

47n/an/an/a

4,200195

2,40083

n/a11

n/a120791

2,531n/a30

3,271n/a

429

10n/a

4,95069

n/an/a

1,800n/a16

See above322n/an/a

900562n/a

500700

391,699

3720n/a

350n/a

510n/an/an/a83

n/a484

602,900

n/a900

85,9002,330

130596226

N/A28

253N/A810158335

2,455250337N/A

H170

US$322 million was the total fee paid for Tele2 Luxembourg and Tele2 Liechtenstein.

H171

US$322 million was the total fee paid for Tele2 Luxembourg and Tele2 Liechtenstein.

H184

Price of INR77.30 per share as well as a payment of INR5,440mn.

H193

Informa UK: Mobistar bought the 10% share owned by Biko to becole sole owner of VOXMobile, for a cost of €6,675k.

H194

subscription of new shares of up to US$900m.

H201

Original put option US$41.56 reduced by US$12.5 million.

H207

INR127.4 billion

H210

Zain in a 50/50 partnership with Al Ajial Investment Fund Holding has agreed to invest through a newly established joint venture 'Zain Al Ajial' an amount of MAD2.850bn ($337m) in return for 31% of Wana Corporate SA.

H212

DKK93million.

H213

MegaFon paid RUB935 million to acquire 100% of Debton Investment Ltd, which in turn owns 51% of Aquafon and also Ostelecom in Southern Ossetia.

N/AN/An/a17

258N/An/an/a

225n/an/a

121n/a

102n/a25

1373918

4950n/aN/A58

n/a1,320

n/a83

n/a207n/a

9451,342

346483831n/a23

N/AN/AN/An/a14

217220300

75n/a

55477

n/aN/A16

184

H216

Zain has agreed to a share swapping deal with Palestine Telecommunications Co., giving it a 56.53% stake in the operator. In exchange for the majority stake, Paltel will own 100% of Zain Jordan.

H219

$142 million CAD

H235

Price paid in RUB 39.15 billion.

H236

SEK 575 million.

H239

Sprint Nextel acquired iPCS for approximately $831 million, including the assumption of $405 million of net debt.

H249

Price paid SEK 1,550 million

N/An/a10

10,700257229N/A1462

n/an/a

39,800

n/a3,300

n/a

H283

CHF 3.3 billion.

M&A Activity ChartContents M&A Activity Table

Notes and summary of equity change since last quarter

Notes

"Various" is entered into the country field for those Investors (with investments in various countries) that are included as an investment in another Investor's spreadsheet

Summary of equity changes since last quarter

January 2011Investor Network Country Stake bought (%)

Orascom Tunisiana Tunisia -50.00%

Q-tel Tunisiana Tunisia 13.13%

February 2011Investor Network Country Stake bought (%)

Telecom Italia Etecsa Cuba -27.00%

March 2011Investor Network Country Stake bought (%)

Axiata XL Axiata Indonesia -18.00%

France Telecom Korek Telecom Iraq 20.24%

Portugal Telecom Telemar PCS (Oi) Brazil 24.77%

Mobile subscription forecasts have been included in this edition. The forecasts are based on historical data to 3Q10. The forecast data provides guidance to the forecast outlook for the operating group, on the basis that its current equity portfolio remains constant over the next 5 years. It does not take into account potential or planned mergers and acquisitions.

Contents

Telecom Italia Telecom Personal Argentina 3.71%

Telecom Italia Núcleo Paraguay 2.50%


Notes and summary of equity change since last quarter

"Various" is entered into the country field for those Investors (with investments in various countries) that are included as an investment in another Investor's spreadsheet

Comments

Comments

Comments

Mobile subscription forecasts have been included in this edition. The forecasts are based on historical data to 3Q10. The forecast data provides guidance to the forecast outlook for the operating group, on the basis that its current equity portfolio remains constant over the next 5 years. It does not take into account potential or planned mergers and acquisitions.

Orascom sold 25% of Tunisiana to Wataniya, taking Wataniya’s stake in Tunisiana from 50% to 75%, the remaining 25% stake was sold to Princess Holding. Wataniya owns 100% of National Mobile Telecommunications Company K.S.C

Q-tel holds a 52.5% stake in National Mobile Telecommunications Company K.S.C. A and National Mobile Telecommunications Company K.S.C owns 100% of Wataniya. Therefore the sale of Orascoms 25% stake in Tunisiana to Wataniya Telecom in January 2011 has indirectly increased Q-Tel's stake in Tunisiana

Telecom Italia completed the sale of the 27% stake held in Cuban holding Etecsa, which controls telecoms operators Telecomunicaciones Celulares del Caribe and Telefonos Celulares de Cuba (Cubacel). State-owned international trading institution Rafin has been authorised by the government to buy the stake, for which it is to pay Telecom Italia a total US$706 million.

Axiata reduced its stake in XL Axiata to 68.5 % from 86.5 % previously, in order to increase free float and improve liquidity. Axiata raised a total of IDR5.05trillion (US$554) from the sale of 1.53 billion shares. Each share was priced at IDR3,300.

France Telecom-Orange and its partner Agility have announced a binding agreement with the shareholders of Korek Telecom to acquire a 44% stake in the Iraqi mobile operator. A joint-venture will be formed by Agility (54%) and France Telecom-Orange (46%) which will provide Korek Telecom with new capital against 44% of its equity. Agility will have 24% indirect stake in Korek Teleocm and France Telecom will have an indirect stake of 20%. France Telecom paid US$100 million for thier stake and France Telecom have paid US$245million.

In March 2011, Portugal Telecom purchased a 24.77% stake in Brazilian telecoms group Telemar PCS (Oi) for BRL8.32 billion (US$5.15billion). PT's stake has been built up from direct investments in Oi and through indirect purchases in its biggest shareholders.

Telecom Italia has increased its stake in Telecom Personal through the acquisition of an additional 10% stake in Sofora Telecomunicaciones - the holding company that controls operator Telecom Argentina- from its Argentine partner Werthein Group for a total of US$145million. As a result, Telefonica's indirect stakes in Telecom Personal, through Telecom Italia, have also decreased.

Telecom Italia has increased its stake in Núcleo through the acquisition of an additional 10% stake in Sofora Telecomunicaciones - the holding company that controls operator Telecom Argentina- from its Argentine partner Werthein Group for a total of US$145million. As a result, Telefonica's indirect stakes in Núcleo, through Telecom Italia, have also decreased.

America Movil

Region Country Operator Operator ID Q1 2011

ownership

Americas Argentina AMX Argentina C930IVFN5 100.00%

Americas Brazil Claro Brazil BSCIWDVIT 99.97%

Americas Chile Claro Chile BWGY38CCZ 100.00%

Americas Colombia Comunicaciones Celulares Colombia BGU790VBW 99.40%

Americas Dominican Republic America Movil Dominican Republic C01Z9OXUO 100.00%

Americas Ecuador Conecel BGSI7R57U 100.00%

Americas El Salvador CTE Telecom Personal BGQDNV7NH 100.00%

Americas Guatemala Sercom Guatemala BGQE4ZMOP 100.00%

Americas Honduras Sercom de Honduras BUZC8FVSD 100.00%

Americas Jamaica America Movil Jamaica C1AHI2F0J 100.00%

Americas Mexico Radiomóvil Dipsa BGQEJ09RE 100.00%

Americas Nicaragua enitel movil BR5VMBNGF 99.50%

Americas Panama Claro Panama C3BIPIMUM 100.00%

Americas Paraguay AMX Paraguay BU69ZI1FM 100.00%

Americas Peru America Movil Peru BRTS4FBTE 100.00%

Americas Puerto Rico America Movil Puerto Rico C01ZDVSYM 100.00%

Americas Uruguay AM Wireless Uruguay BRFDWO6WL 100.00%

USA/Canada USA Tracfone BG3P7697H 98.20%

Region Q1 2011 Q1 2011

total subscriptions proportionate subscriptions

Africa 0 0

Americas 212,267,530 212,059,524

Asia Pacific 0 0

Europe: Eastern 0 0

Europe: Western 0 0

Middle East 0 0

USA/Canada 18,529,000 18,195,477

Total 230,796,530 230,255,001


Historical DataContents Forecast Data Top Networks

Q1 2011 Q1 2011 POPs equity POPs Q4 2010 Q4 2010 Q4 2010

ownership

18,104,300 18,104,300 40,539,000 40,539,000 100.00% 18,066,040 18,066,040

53,437,980 53,421,949 197,766,500 197,707,172 99.97% 51,637,690 51,622,199

5,046,990 5,046,990 17,043,538 17,043,538 100.00% 4,871,000 4,871,000

29,886,100 29,706,784 47,595,500 47,309,928 100.00% 29,236,520 29,236,520

5,307,700 5,307,700 47,595,500 47,595,500 100.00% 5,222,010 5,222,010

10,676,770 10,676,770 13,703,500 13,703,500 100.00% 10,441,460 10,441,460

2,070,000 2,070,000 7,094,500 7,094,500 100.00% 2,053,000 2,053,000

4,452,510 4,452,510 14,210,500 14,210,500 100.00% 4,529,000 4,529,000

1,550,000 1,550,000 7,463,500 7,463,500 100.00% 1,495,000 1,495,000

537,500 537,500 2,748,500 2,748,500 100.00% 510,000 510,000

65,655,000 65,655,000 109,690,000 109,690,000 100.00% 64,138,000 64,138,000

2,531,810 2,519,151 5,795,000 5,766,025 99.50% 2,480,000 2,467,600

314,900 314,900 3,481,000 3,481,000 100.00% 268,000 268,000

690,620 690,620 6,404,500 6,404,500 100.00% 589,000 589,000

9,998,000 9,998,000 28,732,000 28,732,000 100.00% 9,686,000 9,686,000

1,012,500 1,012,500 4,045,000 4,045,000 100.00% 980,000 980,000

994,850 994,850 3,369,000 3,369,000 100.00% 982,000 982,000

18,529,000 18,195,477 313,207,500 307,569,755 98.20% 17,749,000 17,429,517

total operator subscriptions

proportionate subscriptions



Top Networks Company Footprint

Q1 2011-Q4 2010 Notes

38,260

1,799,750

175,990

470,264

85,690

235,310

17,000

-76,490 Stake held through Telgua (fixed line) in Guatemala

55,000

27,500

1,517,000

51,551

46,900

101,620

312,000

32,500

12,850

765,960 MVNO

224,586,347

proportionate subscriptions difference

Figure includes subscriptions for Americel, which is 99.38% owned by America Movil

America Movil

Total subscriptions

Region Country Operator Operator ID Stake



















Total subscriptions

Proportionate subscriptionsRegion Country Operator Operator ID Stake



















Total proportionate subscriptions


Dec 11 Dec 12 Dec 13 Dec 14 Dec 15 Dec 16

18,969,000 19,775,000 20,492,000 21,090,000 21,588,000 22,012,000

57,394,000 62,594,000 67,161,000 71,019,000 74,214,000 76,835,000

5,935,100 6,817,300 7,372,100 7,802,000 8,131,000 8,383,000

30,968,000 32,657,000 33,514,000 34,205,000 34,611,000 34,852,000

5,533,000 5,985,000 6,344,000 6,609,000 6,790,000 6,917,000

11,177,000 11,808,300 12,217,000 12,526,000 12,763,000 12,949,000

2,393,000 2,664,000 2,824,000 2,928,000 3,003,000 3,064,000

4,782,800 4,953,400 5,094,100 5,214,100 5,313,100 5,402,100

2,575,000 3,612,000 4,373,000 4,834,000 5,125,000 5,316,000

682,000 822,000 939,000 1,044,000 1,137,000 1,218,000

68,850,000 72,755,000 75,028,000 76,632,000 77,436,000 77,812,000

2,747,000 2,988,000 3,155,000 3,272,000 3,351,000 3,410,000

354,000 535,000 683,000 803,000 898,000 976,000

702,000 792,000 866,000 928,800 987,000 1,039,000

11,256,000 12,639,000 13,613,000 14,364,000 14,956,000 15,408,000

1,097,000 1,202,000 1,297,900 1,381,000 1,457,000 1,525,200

1,183,000 1,334,000 1,445,000 1,537,000 1,610,000 1,671,000

0 0 0 0 0 0

226,597,900 243,933,000 256,418,100 266,188,900 273,370,100 278,789,300


18,969,000 19,775,000 20,492,000 21,090,000 21,588,000 22,012,000

57,376,783 62,575,223 67,140,853 70,997,695 74,191,737 76,811,950

5,935,100 6,817,300 7,372,100 7,802,000 8,131,000 8,383,000

30,782,192 32,461,058 33,312,917 33,999,771 34,403,335 34,642,889

5,533,000 5,985,000 6,344,000 6,609,000 6,790,000 6,917,000

11,177,000 11,808,300 12,217,000 12,526,000 12,763,000 12,949,000

2,393,000 2,664,000 2,824,000 2,928,000 3,003,000 3,064,000

4,782,800 4,953,400 5,094,100 5,214,100 5,313,100 5,402,100

2,575,000 3,612,000 4,373,000 4,834,000 5,125,000 5,316,000

682,000 822,000 939,000 1,044,000 1,137,000 1,218,000

68,850,000 72,755,000 75,028,000 76,632,000 77,436,000 77,812,000

2,733,265 2,973,060 3,139,225 3,255,640 3,334,245 3,392,950

354,000 535,000 683,000 803,000 898,000 976,000

702,000 792,000 866,000 928,800 987,000 1,039,000

11,256,000 12,639,000 13,613,000 14,364,000 14,956,000 15,408,000

1,097,000 1,202,000 1,297,900 1,381,000 1,457,000 1,525,200

1,183,000 1,334,000 1,445,000 1,537,000 1,610,000 1,671,000

0 0 0 0 0 0

226,381,140 243,703,341 256,181,094 265,946,006 273,123,416 278,540,089


F23

Forecast data not available for MVNOs.

G23


H23


I23


J23


K23


F45


G45


H45


I45


J45


K45


America Movil

America Movil top 10 networks by proportionate subscriptions, Q1 2011

America Movil networks by proportionate subscriptions

Region Country Operator Operator ID

Americas Mexico Radiomóvil Dipsa BGQEJ09RE

Americas Brazil Claro Brazil BSCIWDVIT

Americas Colombia Comunicaciones Celulares Colo BGU790VBW

USA/Canada USA Tracfone BG3P7697H

Americas Argentina AMX Argentina C930IVFN5

Americas Ecuador Conecel BGSI7R57U

Americas Peru America Movil Peru BRTS4FBTE

Americas Dominican Republic America Movil Dominican RepublC01Z9OXUO

Americas Chile Claro Chile BWGY38CCZ

Americas Guatemala Sercom Guatemala BGQE4ZMOP

Americas Nicaragua enitel movil BR5VMBNGF

Americas El Salvador CTE Telecom Personal BGQDNV7NH

Americas Honduras Sercom de Honduras BUZC8FVSD

Americas Puerto Rico America Movil Puerto Rico C01ZDVSYM

Americas Uruguay AM Wireless Uruguay BRFDWO6WL

Americas Paraguay AMX Paraguay BU69ZI1FM

Americas Jamaica America Movil Jamaica C1AHI2F0J

Americas Panama Claro Panama C3BIPIMUM

* MVNO© Informa UK Limited 2011. All rights reserved.

Radiomóvil Dipsa (Mexico)

Claro Brazil (Brazil)

Comunicaciones Celulares Colombia (Colombia)

Tracfone (USA)

AMX Argentina (Argentina)

Conecel (Ecuador)

America Movil Peru (Peru)

America Movil Dominican Republic (Dominican Republic)

Claro Chile (Chile)

Sercom Guatemala (Guatemala)

0 10 20 30 40 50 60 70Subscriptions (millions)


Historical DataContents Forecast Data

Network Market Share

Radiomóvil Dipsa (Mexico) 65,655,000 65,655,000 70.48%

Claro Brazil (Brazil) 53,421,949 53,437,980 24.95%

Comunicaciones Celulares Colombia (Colombia) 29,706,784 29,886,100 67.47%

Tracfone (USA) 18,195,477 18,529,000 n/a*

AMX Argentina (Argentina) 18,104,300 18,104,300 34.69%

Conecel (Ecuador) 10,676,770 10,676,770 70.20%

America Movil Peru (Peru) 9,998,000 9,998,000 42.04%

America Movil Dominican Republic (Dominican Repu 5,307,700 5,307,700 59.42%

Claro Chile (Chile) 5,046,990 5,046,990 22.89%

Sercom Guatemala (Guatemala) 4,452,510 4,452,510 33.99%

enitel movil (Nicaragua) 2,519,151 2,531,810 69.21%

CTE Telecom Personal (El Salvador) 2,070,000 2,070,000 27.83%

Sercom de Honduras (Honduras) 1,550,000 1,550,000 18.71%

America Movil Puerto Rico (Puerto Rico) 1,012,500 1,012,500 32.47%

AM Wireless Uruguay (Uruguay) 994,850 994,850 20.93%

AMX Paraguay (Paraguay) 690,620 690,620 10.60%

America Movil Jamaica (Jamaica) 537,500 537,500 15.49%

Claro Panama (Panama) 314,900 314,900 4.53%

Proportionate Subscriptions

Total Subscriptions




Tracfone (USA)


Conecel (Ecuador)


America Movil Dominican Republic (Dominican Republic)

Claro Chile (Chile)

Sercom Guatemala (Guatemala)



Forecast Data Top Networks Company Footprint

Position in market

1 4

4 8

1 3

n/a* 10

1 4

1 3

2 3

1 4

3 4

2 4

1 2

2 5

3 4

2 6

3 3

3 4

3 3

4 4

Number of operators

America Movil

America Movil investment footprint



AT&T Inc

Region Country Operator Operator ID Q1 2011 Q1 2011

ownership

Americas Argentina AMX Argentina C930IVFN5 8.60% 18,104,300

Americas Brazil Claro Brazil BSCIWDVIT 8.60% 53,437,980

Americas Chile Claro Chile BWGY38CCZ 8.60% 5,046,990

Americas Colombia BGU790VBW 8.55% 29,886,100

Americas C01Z9OXUO 8.60% 5,307,700

Americas Ecuador Conecel BGSI7R57U 8.60% 10,676,770

Americas El Salvador CTE Telecom Personal BGQDNV7NH 8.24% 2,070,000

Americas Guatemala Sercom Guatemala BGQE4ZMOP 8.60% 4,452,510

Americas Honduras Sercom de Honduras BUZC8FVSD 8.60% 1,550,000

Americas Jamaica America Movil Jamaica C1AHI2F0J 8.60% 537,500

Americas Mexico Radiomóvil Dipsa BGQEJ09RE 8.60% 65,655,000

Americas Nicaragua enitel movil BR5VMBNGF 8.56% 2,531,810

Americas Panama Claro Panama C3BIPIMUM 8.60% 314,900

Americas Paraguay AMX Paraguay BU69ZI1FM 8.60% 690,620

Americas Peru America Movil Peru BRTS4FBTE 8.60% 9,998,000

Americas Puerto Rico C01ZDVSYM 8.60% 1,012,500

Americas Puerto Rico BYXU54A6I 100.00% 1,325,000

Americas Uruguay AM Wireless Uruguay BRFDWO6WL 8.60% 994,850

Americas US Virgin Islands BYXU5KUB0 100.00% 65,400

USA/Canada USA AT&T Mobility USA BYI440O26 100.00% 97,519,000

USA/Canada USA TracFone BG3P7697H 8.45% 18,259,000

Region Q1 2011 Q1 2011

Africa 0 0

Americas 213,657,930 19,622,001

Asia Pacific 0 0

Europe: Eastern 0 0

Europe: Western 0 0

Middle East 0 0

USA/Canada 115,778,000 99,061,885

Total 329,435,930 118,683,886



Comunicaciones Celulares Colombia

Dominican Republic

America Movil Dominican Republic

America Movil Puerto Rico

AT&T Mobility Puerto Rico

AT&T Mobility US Virgin Islands

total subscriptions



Q1 2011 POPs equity POPs Q4 2010 Q4 2010 Q4 2010 Q1 2011-Q4 2010

ownership

1,556,970 40,539,000 3,486,354 8.60% 18,066,040 1,553,680 3,290

4,595,666 197,766,500 17,007,920 8.60% 51,637,690 4,440,842 154,825

434,041 17,043,538 1,465,744 8.60% 4,871,000 418,906 15,135

2,555,262 47,595,500 4,069,415 8.55% 29,236,520 2,499,723 55,539

456,462 10,119,000 870,234 8.60% 5,222,010 449,093 7,369

918,202 13,703,500 1,178,501 8.60% 10,441,460 897,966 20,237

170,568 7,094,500 584,587 8.24% 2,053,000 169,167 1,401

382,916 14,210,500 1,222,103 8.60% 4,529,000 389,494 -6,578

133,300 7,463,500 641,861 8.60% 1,495,000 128,570 4,730

46,225 2,748,500 236,371 8.60% 510,000 43,860 2,365

5,646,330 109,690,000 9,433,340 8.60% 64,138,000 5,515,868 130,462

216,723 5,795,000 496,052 8.56% 2,480,000 212,288 4,435

27,081 3,481,000 299,366 8.60% 268,000 23,048 4,033

59,393 6,404,500 550,787 8.60% 589,000 50,654 8,739

859,828 28,732,000 2,470,952 8.60% 9,686,000 832,996 26,832

87,075 4,045,000 347,870 8.60% 980,000 84,280 2,795

1,325,000 4,045,000 4,045,000 100.00% 1,300,500 1,300,500 24,500

85,557 3,369,000 289,734 8.60% 982,000 84,452 1,105

65,400 111,000 111,000 100.00% 64,800 64,800 600

97,519,000 313,207,500 313,207,500 100.00% 95,536,000 95,536,000 1,983,000

1,542,885 313,207,500 26,466,033 8.45% 17,749,000 1,499,790 43,095






Notes

Owned via AT&T's 8.6% stake in America Movil

















Owned via AT&T's 8.6% stake in America Movil. Figure includes subscriptions for Americel, which is 99.38% owned by America Movil

AT&T Inc

Total subscriptions


















Americas Puerto Rico AT&T Mobility Puerto Rico BYXU54A6I 100.00%


Americas US Virgin Islands AT&T Mobility US Virgin Islands BYXU5KUB0 100.00%

USA/Canada USA AT&T Mobility USA BYI440O26 100.00%

USA/Canada USA TracFone BG3P7697H 8.45%

Total subscriptions



















Americas Puerto Rico AT&T Mobility Puerto Rico BYXU54A6I 100.00%


Americas US Virgin Islands AT&T Mobility US Virgin Islands BYXU5KUB0 100.00%

USA/Canada USA AT&T Mobility USA BYI440O26 100.00%

USA/Canada USA TracFone BG3P7697H 8.45%




18,969,000 19,775,000 20,492,000 21,090,000 21,588,000 22,012,000

57,394,000 62,594,000 67,161,000 71,019,000 74,214,000 76,835,000

5,935,100 6,817,300 7,372,100 7,802,000 8,131,000 8,383,000

30,968,000 32,657,000 33,514,000 34,205,000 34,611,000 34,852,000

5,533,000 5,985,000 6,344,000 6,609,000 6,790,000 6,917,000

11,177,000 11,808,300 12,217,000 12,526,000 12,763,000 12,949,000

2,393,000 2,664,000 2,824,000 2,928,000 3,003,000 3,064,000

4,782,800 4,953,400 5,094,100 5,214,100 5,313,100 5,402,100

2,575,000 3,612,000 4,373,000 4,834,000 5,125,000 5,316,000

682,000 822,000 939,000 1,044,000 1,137,000 1,218,000

68,850,000 72,755,000 75,028,000 76,632,000 77,436,000 77,812,000

2,747,000 2,988,000 3,155,000 3,272,000 3,351,000 3,410,000

354,000 535,000 683,000 803,000 898,000 976,000

702,000 792,000 866,000 928,800 987,000 1,039,000

11,256,000 12,639,000 13,613,000 14,364,000 14,956,000 15,408,000

1,097,000 1,202,000 1,297,900 1,381,000 1,457,000 1,525,200

1,416,700 1,520,200 1,616,000 1,692,000 1,756,000 1,813,000

1,183,000 1,334,000 1,445,000 1,537,000 1,610,000 1,671,000

69,000 71,000 74,000 75,000 76,000 77,000

107,153,000 118,660,000 129,078,000 138,719,000 147,357,000 154,942,000

0 0 0 0 0 0

335,236,600 364,184,200 387,186,100 406,674,900 422,559,100 435,621,300


1,631,334 1,700,650 1,762,312 1,813,740 1,856,568 1,893,032

4,935,884 5,383,084 5,775,846 6,107,634 6,382,404 6,607,810

510,419 586,288 634,001 670,972 699,266 720,938

2,647,764 2,792,174 2,865,447 2,924,528 2,959,241 2,979,846

475,838 514,710 545,584 568,374 583,940 594,862

961,222 1,015,514 1,050,662 1,077,236 1,097,618 1,113,614

197,183 219,514 232,698 241,267 247,447 252,474

411,321 425,992 438,093 448,413 456,927 464,581

221,450 310,632 376,078 415,724 440,750 457,176

58,652 70,692 80,754 89,784 97,782 104,748

5,921,100 6,256,930 6,452,408 6,590,352 6,659,496 6,691,832

235,143 255,773 270,068 280,083 286,846 291,896

30,444 46,010 58,738 69,058 77,228 83,936

60,372 68,112 74,476 79,877 84,882 89,354

968,016 1,086,954 1,170,718 1,235,304 1,286,216 1,325,088

94,342 103,372 111,619 118,766 125,302 131,167

1,416,700 1,520,200 1,616,000 1,692,000 1,756,000 1,813,000

101,738 114,724 124,270 132,182 138,460 143,706

69,000 71,000 74,000 75,000 76,000 77,000

107,153,000 118,660,000 129,078,000 138,719,000 147,357,000 154,942,000

0 0 0 0 0 0

124,398,373 129,235,140 132,691,066 134,252,680 135,817,368 135,817,368


F26


G26


H26


I26


J26


K26


F51


G51


H51


I51


J51


K51


AT&T Inc

AT&T Inc top 10 networks by proportionate subscriptions, Q1 2011

AT&T Inc networks by proportionate subscriptions


USA/Canada USA AT&T Mobility USA BYI440O26

Americas Mexico Radiomóvil Dipsa BGQEJ09RE

Americas Brazil Claro Brazil BSCIWDVIT

Americas Colombia Comunicaciones Celulares Colombia BGU790VBW

Americas Argentina AMX Argentina C930IVFN5

USA/Canada USA TracFone BG3P7697H

Americas Puerto Rico AT&T Mobility Puerto Rico BYXU54A6I

Americas Ecuador Conecel BGSI7R57U

Americas Peru America Movil Peru BRTS4FBTE

Americas Dominican RepubAmerica Movil Dominican Republic C01Z9OXUO

Americas Chile Claro Chile BWGY38CCZ

Americas Guatemala Sercom Guatemala BGQE4ZMOP

Americas Nicaragua enitel movil BR5VMBNGF

Americas El Salvador CTE Telecom Personal BGQDNV7NH

Americas Honduras Sercom de Honduras BUZC8FVSD

Americas Puerto Rico America Movil Puerto Rico C01ZDVSYM

Americas Uruguay AM Wireless Uruguay BRFDWO6WL

Americas US Virgin Island AT&T Mobility US Virgin Islands BYXU5KUB0

Americas Paraguay AMX Paraguay BU69ZI1FM

Americas Jamaica America Movil Jamaica C1AHI2F0J

Americas Panama Claro Panama C3BIPIMUM

*MVNO


AT&T Mobility USA (USA)





TracFone (USA)

AT&T Mobility Puerto Rico (Puerto Rico)

Conecel (Ecuador)


America Movil Dominican Republic (Dominican Repub-

lic)

0 20 40 60 80 100 120Subscriptions (millions)



Network (Country) Market Share

AT&T Mobility USA (USA) 97,519,000 97,519,000 30.80%

Radiomóvil Dipsa (Mexico) 5,646,330 65,655,000 70.48%

Claro Brazil (Brazil) 4,595,666 53,437,980 24.95%

Comunicaciones Celulares Colombia (Colombia) 2,555,262 29,886,100 67.47%

AMX Argentina (Argentina) 1,556,970 18,104,300 34.69%

TracFone (USA) 1,542,885 18,259,000 * n/a

AT&T Mobility Puerto Rico (Puerto Rico) 1,325,000 1,325,000 42.49%

Conecel (Ecuador) 918,202 10,676,770 70.20%

America Movil Peru (Peru) 859,828 9,998,000 42.04%

America Movil Dominican Republic (Dominican Re 456,462 5,307,700 59.42%

Claro Chile (Chile) 434,041 5,046,990 22.89%

Sercom Guatemala (Guatemala) 382,916 4,452,510 33.99%

enitel movil (Nicaragua) 216,723 2,531,810 69.21%

CTE Telecom Personal (El Salvador) 170,568 2,070,000 27.83%

Sercom de Honduras (Honduras) 133,300 1,550,000 18.71%

America Movil Puerto Rico (Puerto Rico) 87,075 1,012,500 32.47%

AM Wireless Uruguay (Uruguay) 85,557 994,850 20.93%

AT&T Mobility US Virgin Islands (US Virgin Island 65,400 65,400 55.90%

AMX Paraguay (Paraguay) 59,393 690,620 10.60%

America Movil Jamaica (Jamaica) 46,225 537,500 15.49%

Claro Panama (Panama) 27,081 314,900 4.53%


Total Subscriptions

AT&T Mobility USA (USA)





TracFone (USA)

AT&T Mobility Puerto Rico (Puerto Rico)

Conecel (Ecuador)


America Movil Dominican Republic (Dominican Repub-

lic)




Position in market Number of operators

2 10

1 4

4 8

1 3

1 4

* n/a * n/a

1 6

1 3

2 3

1 4

3 4

2 4

1 2

2 5

3 4

2 6

3 3

1 3

3 4

3 3

4 4

AT&T

AT&T investment footprint



Axiata


ownership

Asia Pacific Bangladesh Robi Axiata CE9WYKS5F 70.00%

Asia Pacific Cambodia Hello Axiata Cambodia C1HDPM3TM 100.00%

Asia Pacific India Idea Cellular BG6NSBDON 19.10%

Asia Pacific Indonesia XL Axiata BGQRZ9E91 66.60%

Asia Pacific Malaysia Celcom Malaysia BGQSQDC6A 100.00%

Asia Pacific Singapore MobileOne BGR0C27LC 29.57%

Asia Pacific Sri Lanka Dialog Axiata CC78UMNXJ 83.32%

Middle East Iran MTCE BL6GZ8CX9 49.00%

Region Q1 2011 Q1 2011


Africa 0 0

Americas 0 0

Asia Pacific 167,581,800 74,493,893

Europe: Eastern 0 0

Europe: Western 0 0

Middle East 34,800 17,052

USA/Canada 0 0

Total 167,616,600 74,510,945




Q1 2011 Q1 2011 POPs equity POPs Q4 2010 Q4 2010

ownership

17,862,000 12,503,400 165,302,500 115,711,750 70.00% 16,716,000

970,300 970,300 15,097,000 15,097,000 100.00% 930,000

89,087,420 17,015,698 1,126,551,000 215,171,245 19.10% 81,778,670

39,300,000 26,173,799 238,246,000 158,671,832 86.50% 40,400,000

11,418,080 11,418,080 27,693,000 27,693,000 100.00% 11,193,000

1,934,000 571,884 4,565,500 1,350,018 29.57% 1,911,000

7,010,000 5,840,732 19,530,500 16,272,813 83.32% 6,829,000

34,800 17,052 73,790,500 36,157,345 49.00% 30,000





Q4 2010 Q1 2011-Q4 2010

11,701,200 802,200

930,000 40,300

15,619,726 1,395,971

34,946,000 -8,772,201

11,193,000 225,080

565,083 6,801

5,689,923 150,809

14,700 2,352



Axiata

Total subscriptions

Region Country Operator Operator ID Stake Dec 11

Asia Pacific Bangladesh Robi Axiata CE9WYKS5F 70.00% 20,596,000

Asia Pacific Cambodia Hello Axiata Cambodia C1HDPM3TM 100.00% 953,000

Asia Pacific India Idea Cellular BG6NSBDON 19.10% 108,000,000

Asia Pacific Indonesia XL Axiata BGQRZ9E91 66.60% 51,540,000

Asia Pacific Malaysia Celcom Malaysia BGQSQDC6A 100.00% 12,366,000

Asia Pacific Singapore MobileOne BGR0C27LC 29.57% 2,024,000

Asia Pacific Sri Lanka Dialog Axiata CC78UMNXJ 83.32% 7,012,000

Middle East Iran MTCE BL6GZ8CX9 49.00% 68,000

Total subscriptions 202,559,000



Asia Pacific Bangladesh Robi Axiata CE9WYKS5F 70.00% 14,417,200

Asia Pacific Cambodia Hello Axiata Cambodia C1HDPM3TM 100.00% 953,000

Asia Pacific India Idea Cellular BG6NSBDON 19.10% 20,628,000

Asia Pacific Indonesia XL Axiata BGQRZ9E91 66.60% 34,325,639

Asia Pacific Malaysia Celcom Malaysia BGQSQDC6A 100.00% 12,366,000

Asia Pacific Singapore MobileOne BGR0C27LC 29.57% 598,497

Asia Pacific Sri Lanka Dialog Axiata CC78UMNXJ 83.32% 5,842,398

Middle East Iran MTCE BL6GZ8CX9 49.00% 33,320

Proportionate subscriptions 89,164,055


Dec 12 Dec 13 Dec 14 Dec 15 Dec 16

23,556,900 25,964,000 28,035,000 29,792,000 31,281,000

990,000 1,032,000 1,071,000 1,116,000 1,166,000

128,968,000 142,303,000 151,374,000 158,553,000 162,524,000

60,704,000 65,682,000 69,040,000 71,296,000 72,902,000

13,363,000 14,217,000 14,836,000 15,377,000 15,849,000

2,135,300 2,246,000 2,354,000 2,457,000 2,551,900

7,161,600 7,273,000 7,379,000 7,471,000 7,540,000

176,200 505,000 1,085,000 1,879,000 2,851,000

237,055,000 259,222,000 275,174,000 287,941,000 296,664,900


16,489,830 18,174,800 19,624,500 20,854,400 21,896,700

990,000 1,032,000 1,071,000 1,116,000 1,166,000

24,632,888 27,179,874 28,912,435 30,283,624 31,042,085

40,428,863 43,744,211 45,980,639 47,483,135 48,552,731

13,363,000 14,217,000 14,836,000 15,377,000 15,849,000

631,408 664,142 696,078 726,535 754,597

5,967,045 6,059,864 6,148,183 6,224,837 6,282,328

86,338 247,450 531,650 920,710 1,396,990

102,589,373 111,319,340 117,800,484 122,986,241 126,940,430


Axiata

Axiata top 10 networks by proportionate subscriptions, Q1 2011

Axiata networks by proportionate subscriptions


Asia Pacific Indonesia XL Axiata BGQRZ9E91

Asia Pacific India Idea Cellular BG6NSBDON

Asia Pacific Bangladesh Robi Axiata CE9WYKS5F

Asia Pacific Malaysia Celcom Malaysia BGQSQDC6A

Asia Pacific Sri Lanka Dialog Axiata CC78UMNXJ

Asia Pacific Cambodia Hello Axiata Cambodia C1HDPM3TM

Asia Pacific Singapore MobileOne BGR0C27LC

Middle East Iran MTCE BL6GZ8CX9


XL Axiata (Indonesia)

Idea Cellular (India)

Robi Axiata (Bangladesh)

Celcom Malaysia (Malaysia)

Dialog Axiata (Sri Lanka)

Hello Axiata Cambodia (Cambodia)

MobileOne (Singapore)

MTCE (Iran)





XL Axiata (Indonesia) 26,173,799 39,300,000 18.39%

Idea Cellular (India) 17,015,698 89,087,420 11.20%

Robi Axiata (Bangladesh) 12,503,400 17,862,000 22.93%

Celcom Malaysia (Malaysia) 11,418,080 11,418,080 32.77%

Dialog Axiata (Sri Lanka) 5,840,732 7,010,000 39.07%

Hello Axiata Cambodia (Cambodia) 970,300 970,300 9.85%

MobileOne (Singapore) 571,884 1,934,000 25.63%

MTCE (Iran) 17,052 34,800 0.05%


Total Subscriptions


Idea Cellular (India)


Celcom Malaysia (Malaysia)

Dialog Axiata (Sri Lanka)

Hello Axiata Cambodia (Cambodia)

MobileOne (Singapore)

MTCE (Iran)





3 8

4 15

3 6

2 4

1 5

4 8

3 4

4 4

Axiata

Axiata investment footprint



Bharti Airtel


ownership

Africa Burkina Faso Bharti Airtel Burkina Faso B.V. CCGSPOL3E 100.00%

Africa Chad Bharti Airtel Chad CCGV9DETP 100.00%

Africa Congo Bharti Airtel Congo B.V. CCGV4VLPG 90.00%

Africa Bharti Airtel RDC CEPRIXSP9 98.50%

Africa Gabon Bharti Airtel Gabon B.V. CCGV5R47X 79.50%

Africa Ghana Bharti Airtel Ghana CE1ERBIP4 75.00%

Africa Kenya Bharti Airtel Kenya B.V. BP7NZMPOR 95.00%

Africa Madagascar Bharti Airtel Madagascar B.V BWWNDMISS 100.00%

Africa Malawi Bharti Airtel Malawi CEJZEBMYD 100.00%

Africa Niger Bharti Airtel Niger CEIDMMF6I 90.00%Africa Nigeria Bharti Airtel Nigeria CEIQI4YTI 65.70%Africa Seychelles Telecom Seychelles BGP7LIN78 100.00%

Africa Sierra Leone Bharti Airtel Sierra Leone CEJZDBANY 100.00%

Africa Tanzania TTCL BG217RK6E 35.00%

Africa Tanzania Bharti Airtel Tanzania B.V BGP79ROJ8 60.00%

Africa Uganda Bharti Airtel Uganda B.V. BGP4IKRTD 100.00%

Africa Zambia Bharti Airtel Zambia CEIR9V03S 78.90%

Asia Pacific Bangladesh Airtel Bangladesh CE7LRKUNH 70.00%

Asia Pacific India Bharti Airtel India BU89997LK 100.00%

Asia Pacific India Bharti Hexacom BS5M3TMEV 70.00%

Asia Pacific Sri Lanka Bharti Airtel Sri Lanka BYKUNBDRF 100.00%

Europe: Western Guernsey Guernsey Airtel BWRIIM6OR 100.00%

Europe: Western Jersey Jersey Telenet BY5YH84KE 100.00%

Region Q1 2011 Q1 2011

total subscriptions proportionate subscriptions

Africa 50,831,430 40,718,969

Americas 0 0

Asia Pacific 168,620,480 163,020,908

Europe: Eastern 0 0

Europe: Western 77,470 77,470

Middle East 0 0

USA/Canada 0 0

Total 219,529,380 203,817,347


Democratic Rep of Congo (ex-Zaire)



ownership

1,564,200 1,564,200 15,880,500 15,880,500 100.00% 1,552,280 1,552,280

1,384,400 1,384,400 11,558,000 11,558,000 100.00% 1,300,000 1,300,000

1,411,000 1,269,900 3,971,000 3,573,900 90.00% 1,412,440 1,271,196

4,840,000 4,767,400 67,983,000 66,963,255 98.50% 3,755,500 3,699,168

941,000 748,095 1,380,000 1,097,100 79.50% 934,970 743,301

1,865,700 1,399,275 24,654,500 18,490,875 75.00% 1,754,240 1,315,680

4,200,000 3,990,000 40,140,500 38,133,475 95.00% 3,816,200 3,625,390

2,487,900 2,487,900 21,033,500 21,033,500 100.00% 1,900,000 1,900,000

1,931,630 1,931,630 14,856,000 14,856,000 100.00% 1,733,080 1,733,080

2,129,500 1,916,550 15,538,500 13,984,650 90.00% 2,014,800 1,813,32016,048,300 10,543,733 156,617,500 102,897,693 65.70% 16,002,300 10,513,511

89,100 89,100 88,000 88,000 100.00% 84,100 84,100

564,100 564,100 6,125,000 6,125,000 100.00% 563,380 563,380

108,400 37,940 43,035,500 15,062,425 35.00% 109,200 38,220

6,477,300 3,886,380 43,035,500 25,821,300 60.00% 6,189,400 3,713,640

1,705,800 1,705,800 33,530,500 33,530,500 100.00% 1,802,900 1,802,900

3,083,100 2,432,566 12,510,500 9,870,785 78.90% 3,072,610 2,424,289

4,607,000 3,224,900 165,302,500 115,711,750 70.00% 3,956,000 2,769,200

148,145,240 148,145,240 1,211,604,000 1,211,604,000 100.00% 140,070,930 140,070,930

14,058,240 9,840,768 75,271,000 52,689,700 70.00% 14,829,930 10,380,951

1,810,000 1,810,000 19,530,500 19,530,500 100.00% 1,800,000 1,800,000

10,360 10,360 66,000 66,000 100.00% 9,650 9,650

67,110 67,110 92,000 92,000 100.00% 62,700 62,700






Q1 2011-Q4 2010 Notes

11,920

84,400

-1,296

1,068,233

4,794

83,595

364,610

587,900

198,550

103,23030,2225,000

720

-280

172,740

-97,100

8,277

455,700

8,074,310

-540,183 North East and Rajasthan

10,000

710

4,410


Bharti Airtel

Total subscriptions





Africa Democratic Rep of Congo (ex-ZBharti Airtel RDC CEPRIXSP9 98.50%






Africa Niger Bharti Airtel Niger CEIDMMF6I 90.00%

Africa Nigeria Bharti Airtel Nigeria CEIQI4YTI 65.70%

Africa Seychelles Telecom Seychelles BGP7LIN78 100.00%










Europe: West Guernsey Guernsey Airtel BWRIIM6OR 100.00%

Europe: West Jersey Jersey Telenet BY5YH84KE 100.00%

Total subscriptions






Africa Democratic Rep of Congo (ex-ZBharti Airtel RDC CEPRIXSP9 98.50%


















Europe: West Guernsey Guernsey Airtel BWRIIM6OR 100.00%

Europe: West Jersey Jersey Telenet BY5YH84KE 100.00%




1,582,000 1,632,000 1,692,000 1,754,000 1,818,000 1,883,000

1,393,000 1,477,500 1,545,200 1,601,000 1,650,000 1,696,000

1,483,000 1,536,600 1,574,000 1,603,000 1,627,000 1,648,000

4,495,000 5,289,000 6,044,000 6,781,000 7,500,000 8,190,000

951,000 985,000 1,022,000 1,049,000 1,069,000 1,086,000

2,051,200 2,353,900 2,617,100 2,872,400 3,122,300 3,358,700

6,214,000 8,063,000 9,530,000 10,803,000 11,905,000 12,855,000

2,235,000 2,753,000 3,301,000 3,786,000 4,189,000 4,513,000

2,065,000 2,430,000 2,714,000 2,924,000 3,069,000 3,173,000

2,389,000 2,703,500 2,952,000 3,118,000 3,231,000 3,318,000

17,277,000 18,707,000 19,928,000 21,112,000 22,222,000 23,236,000

100,000 111,000 119,000 124,000 128,000 132,700

563,600 565,700 568,900 573,000 578,000 582,000

134,800 174,000 235,000 317,000 421,000 544,000

7,417,000 8,620,000 9,719,000 10,742,000 11,697,000 12,579,000

1,809,400 1,823,000 1,855,000 1,901,000 1,963,000 2,041,000

3,673,000 4,357,000 5,010,000 5,552,000 5,987,000 6,327,000

5,390,000 6,334,100 7,198,000 8,004,000 8,640,000 9,270,000

189,000,000 218,308,000 237,170,000 249,910,000 257,274,000 262,486,000

0 0 0 0 0 0

2,326,000 2,726,000 3,013,000 3,240,000 3,420,000 3,562,000

11,600 14,200 15,100 15,800 16,500 17,200

70,800 77,000 82,000 85,000 88,000 90,000

252,631,400 291,040,500 317,904,300 337,867,200 351,614,800 362,587,600


1,582,000 1,632,000 1,692,000 1,754,000 1,818,000 1,883,000

1,393,000 1,477,500 1,545,200 1,601,000 1,650,000 1,696,000

1,334,700 1,382,940 1,416,600 1,442,700 1,464,300 1,483,200

4,427,575 5,209,665 5,953,340 6,679,285 7,387,500 8,067,150

756,045 783,075 812,490 833,955 849,855 863,370

1,538,400 1,765,425 1,962,825 2,154,300 2,341,725 2,519,025

5,903,300 7,659,850 9,053,500 10,262,850 11,309,750 12,212,250

2,235,000 2,753,000 3,301,000 3,786,000 4,189,000 4,513,000

2,065,000 2,430,000 2,714,000 2,924,000 3,069,000 3,173,000

2,150,100 2,433,150 2,656,800 2,806,200 2,907,900 2,986,200

11,350,988 12,290,498 13,092,695 13,870,583 14,599,853 15,266,051

100,000 111,000 119,000 124,000 128,000 132,700

563,600 565,700 568,900 573,000 578,000 582,000

47,180 60,900 82,250 110,950 147,350 190,400

4,450,200 5,172,000 5,831,400 6,445,200 7,018,200 7,547,400

1,809,400 1,823,000 1,855,000 1,901,000 1,963,000 2,041,000

2,897,997 3,437,673 3,952,890 4,380,528 4,723,743 4,992,003

3,773,000 4,433,870 5,038,600 5,602,800 6,048,000 6,489,000

189,000,000 218,308,000 237,170,000 249,910,000 257,274,000 262,486,000

0 0 0 0 0 0

2,326,000 2,726,000 3,013,000 3,240,000 3,420,000 3,562,000

11,600 14,200 15,100 15,800 16,500 17,200

70,800 77,000 82,000 85,000 88,000 90,000

239,785,886 276,546,446 301,928,590 320,503,151 332,991,676 342,791,949


F24

Subscriptions refer to 100% of Bharti's subscription base, including Bharti Hexacom.

G24


H24


I24


J24


K24


F51

Based on 100% of Bharti Airtel's subscription base. (Bharti only owns 70% of Bharti Hexacom.)

G51


H51


I51


J51


K51


Bharti Airtel

Bharti Airtel top 10 networks by proportionate subscriptions, Q1 2011

Bharti Airtel networks by proportionate subscriptions


Asia Pacific India Bharti Airtel India BU89997LK

Africa Nigeria Bharti Airtel Nigeria CEIQI4YTI

Asia Pacific India Bharti Hexacom BS5M3TMEV

Africa Democratic Rep of Congo (ex-ZaiBharti Airtel RDC CEPRIXSP9

Africa Kenya Bharti Airtel Kenya B.V. BP7NZMPOR

Africa Tanzania Bharti Airtel Tanzania B.V BGP79ROJ8

Asia Pacific Bangladesh Airtel Bangladesh CE7LRKUNH

Africa Madagascar Bharti Airtel Madagascar B.V BWWNDMISS

Africa Zambia Bharti Airtel Zambia CEIR9V03S

Africa Malawi Bharti Airtel Malawi CEJZEBMYD

Africa Niger Bharti Airtel Niger CEIDMMF6I

Asia Pacific Sri Lanka Bharti Airtel Sri Lanka BYKUNBDRF

Africa Uganda Bharti Airtel Uganda B.V. BGP4IKRTD

Africa Burkina Faso Bharti Airtel Burkina Faso B.V. CCGSPOL3E

Africa Ghana Bharti Airtel Ghana CE1ERBIP4

Africa Chad Bharti Airtel Chad CCGV9DETP

Africa Congo Bharti Airtel Congo B.V. CCGV4VLPG

Africa Gabon Bharti Airtel Gabon B.V. CCGV5R47X

Africa Sierra Leone Bharti Airtel Sierra Leone CEJZDBANY

Africa Seychelles Telecom Seychelles BGP7LIN78

Europe: Western Jersey Jersey Telenet BY5YH84KE

Africa Tanzania TTCL BG217RK6E

*Market share and position in market refers to total Bharti, including Bharti Hexacom

Bharti Airtel India (India)

Bharti Airtel Nigeria (Nigeria)

Bharti Hexacom (India)

Bharti Airtel RDC (Democratic Rep of Congo (ex-Zaire))

Bharti Airtel Kenya B.V. (Kenya)

Bharti Airtel Tanzania B.V (Tanzania)

Airtel Bangladesh (Bangladesh)

Bharti Airtel Madagascar B.V (Madagascar)

Bharti Airtel Zambia (Zambia)

Bharti Airtel Malawi (Malawi)

0 20 40 60 80 100 120 140 160Subscriptions (millions)



Network (Country) Total Subscriptions Market Share

Bharti Airtel India (India) 148,145,240 148,145,240 18.62%

Bharti Airtel Nigeria (Nigeria) 10,543,733 16,048,300 17.73%

Bharti Hexacom (India) 9,840,768 14,058,240 1.77%

Bharti Airtel RDC (Democratic Rep of Congo (ex- 4,767,400 4,840,000 38.41%

Bharti Airtel Kenya B.V. (Kenya) 3,990,000 4,200,000 17.16%

Bharti Airtel Tanzania B.V (Tanzania) 3,886,380 6,477,300 31.91%

Airtel Bangladesh (Bangladesh) 3,224,900 4,607,000 19.28%*

Bharti Airtel Madagascar B.V (Madagascar) 2,487,900 2,487,900 42.08%

Bharti Airtel Zambia (Zambia) 2,432,566 3,083,100 58.14%

Bharti Airtel Malawi (Malawi) 1,931,630 1,931,630 60.92%

Bharti Airtel Niger (Niger) 1,916,550 2,129,500 56.18%

Bharti Airtel Sri Lanka (Sri Lanka) 1,810,000 1,810,000 10.09%

Bharti Airtel Uganda B.V. (Uganda) 1,705,800 1,705,800 12.08%

Bharti Airtel Burkina Faso B.V. (Burkina Faso) 1,564,200 1,564,200 29.62%

Bharti Airtel Ghana (Ghana) 1,399,275 1,865,700 10.63%

Bharti Airtel Chad (Chad) 1,384,400 1,384,400 46.15%

Bharti Airtel Congo B.V. (Congo) 1,269,900 1,411,000 36.43%

Bharti Airtel Gabon B.V. (Gabon) 748,095 941,000 49.98%

Bharti Airtel Sierra Leone (Sierra Leone) 564,100 564,100 18.16%

Telecom Seychelles (Seychelles) 89,100 89,100 35.34%

Jersey Telenet (Jersey) 67,110 67,110 35.61%

TTCL (Tanzania) 37,940 108,400 0.53%





Bharti Airtel RDC (Democratic Rep of Congo (ex-Zaire))

Bharti Airtel Kenya B.V. (Kenya)

Bharti Airtel Tanzania B.V (Tanzania)


Bharti Airtel Madagascar B.V (Madagascar)

Bharti Airtel Zambia (Zambia)

Bharti Airtel Malawi (Malawi)





n/a n/a

3 10

n/a n/a

1 6

2 4

2 7

4 6

1 4

1 3

1 2

1 4

4 5

4 7

2 3

4 5

2 3

2 4

1 4

3 4

2 2

1 3

5 7

Bharti Airtel

Bharti Airtel investment footprint



China Mobile Communications Corporation


ownership

Asia Pacific China China Mobile BGY9IZAEX 74.22% 599,353,900

Asia Pacific Hong Kong CMHK C7HM8ZDGU 74.22% 2,235,000

Asia Pacific Pakistan China Mobile Pakistan C0NMCVK59 100.00% 9,375,500

Region Q1 2011 Q1 2011

Africa 0 0

Americas 0 0

Asia Pacific 610,964,400 455,874,789

Europe: Eastern 0 0

Europe: Western 0 0

Middle East 0 0

USA/Canada 0 0

Total 610,964,400 455,874,789






Q1 2011 POPs equity POPs Q4 2010 Q4 2010 Q4 2010

ownership

444,840,472 1,347,659,000 1,000,232,526 74.22% 584,015,000 433,455,933

1,658,817 7,383,000 5,479,663 74.22% 2,230,000 1,655,106

9,375,500 171,824,000 171,824,000 100.00% 8,497,800 8,497,800





Q1 2011-Q4 2010 Notes

11,384,539 Stake held through China Mobile (HK) Group ltd

3,711877,700



Total subscriptions


Asia Pacific China China Mobile BGY9IZAEX 74.22%

Asia Pacific Hong Kong CMHK C7HM8ZDGU 74.22%

Asia Pacific Pakistan China Mobile Pakistan C0NMCVK59 100.00%

Total subscriptions



Asia Pacific China China Mobile BGY9IZAEX 74.22%

Asia Pacific Hong Kong CMHK C7HM8ZDGU 74.22%

Asia Pacific Pakistan China Mobile Pakistan C0NMCVK59 100.00%




644,379,000 697,817,000 742,115,000 780,589,000 813,333,000 840,821,000

2,269,500 2,294,000 2,325,000 2,361,000 2,402,000 2,445,000

10,400,000 12,315,000 14,019,000 15,626,000 17,099,000 18,572,000

657,048,500 712,426,000 758,459,000 798,576,000 832,834,000 861,838,000


478,258,102 517,919,786 550,797,762 579,353,165 603,655,763 624,057,356

1,684,423 1,702,607 1,725,615 1,752,334 1,782,764 1,814,679

10,400,000 12,315,000 14,019,000 15,626,000 17,099,000 18,572,000

490,342,525 531,937,393 566,542,377 596,731,500 622,537,527 644,444,035



China Mobile top 10 networks by proportionate subscriptions, Q1 2011

China Mobile networks by proportionate subscriptions


Asia Pacific China China Mobile BGY9IZAEX

Asia Pacific Pakistan China Mobile Pakistan C0NMCVK59

Asia Pacific Hong Kong CMHK C7HM8ZDGU


China Mobile (China)

China Mobile Pakistan (Pakistan)

CMHK (Hong Kong)

0 50 100 150 200 250 300 350 400 450 500Subscriptions (millions)





China Mobile (China) 444,840,472 599,353,900 68.74%

China Mobile Pakistan (Pakistan) 9,375,500 9,375,500 8.81%

CMHK (Hong Kong) 1,658,817 2,235,000 20.75%


Total Subscriptions

China Mobile (China)

China Mobile Pakistan (Pakistan)

CMHK (Hong Kong)





1 3

5 6

3 5

China Mobile

China Mobile investment footprint



China Telecom Corporation


ownership

Asia Pacific China China Telecom BYCVGKRRU 100.00% 99,691,000

Asia Pacific Macau China Telecom (Macau) C5K1U8ECH 100.00% 66,600

Region Q1 2011 Q1 2011

Africa 0 0

Americas 0 0

Asia Pacific 99,757,600 99,757,600

Europe: Eastern 0 0

Europe: Western 0 0

Middle East 0 0

USA/Canada 0 0

Total 99,757,600 99,757,600







ownership

99,691,000 1,347,659,000 1,347,659,000 100.00% 90,956,900 90,956,900

66,600 488,500 488,500 100.00% 64,000 64,000





Q1 2011-Q4 2010 Notes

8,734,100

2,600



Total subscriptions









Total proportionate subscriptions 127,962,000



149,355,000 168,959,000 187,959,000 206,025,000 223,022,000

82,000 92,000 102,000 110,000 117,000

149,437,000 169,051,000 188,061,000 206,135,000 223,139,000


149,355,000 168,959,000 187,959,000 206,025,000 223,022,000

82,000 92,000 102,000 110,000 117,000

149,437,000 169,051,000 188,061,000 206,135,000 223,139,000



China Telecom top 10 networks by proportionate subscriptions, Q1 2011

China Unicom networks by proportionate subscriptions


Asia Pacific China China Telecom BYCVGKRRU

Asia Pacific Macau China Telecom (Macau) C5K1U8ECH


China Telecom (China)

China Telecom (Macau) (Macau)





China Telecom (China) 99,691,000 99,691,000 11.43%

China Telecom (Macau) (Macau) 66,600 66,600 6.06%


Total Subscriptions

China Telecom (China)

China Telecom (Macau) (Macau)





3 3

4 4

China Telecom

China Telecom investment footprint



China Unicom


ownership

Asia Pacific China China Unicom BY1DNO1TL 100.00% 172,901,100

Region Q1 2011 Q1 2011

Africa 0 0

Americas 0 0

Asia Pacific 172,901,100 172,901,100

Europe: Eastern 0 0

Europe: Western 0 0

Middle East 0 0

USA/Canada 0 0

Total 172,901,100 172,901,100







ownership

172,901,100 1,347,659,000 1,347,659,000 100.00% 167,427,000 167,427,000





Q1 2011-Q4 2010 Notes

5,474,100


China Unicom

Total subscriptions








214,816,000 231,453,000 248,114,000 264,416,000 280,152,000


214,816,000 231,453,000 248,114,000 264,416,000 280,152,000


China Unicom

China Unicom top 10 networks by proportionate subscriptions, Q1 2011

China Unicom networks by proportionate subscriptions


Asia Pacific China China Unicom BY1DNO1TL


China Unicom (China)





China Unicom (China) 172,901,100 172,901,100 19.83%


Total Subscriptions






2 3

China Unicom

China Unicom investment footprint



Deutsche Telekom


ownership

Africa Malawi Telekom networks Malawi BGO0VBXCC 2.60%

Americas Puerto Rico T-Mobile Puerto Rico C3IL9FWES 100.00%

Europe: Eastern Albania Albanian Mobile Communications BEF4PVJSC 29.10%

Europe: Eastern Bosnia Herzegovina HPT Mostar BG017RWKU 20.08%

Europe: Eastern Bosnia Herzegovina Mobilna Srpska BGY8HD977 3.90%

Europe: Eastern Bulgaria Cosmo Bulgaria Mobile BGQR9RLSY 30.00%

Europe: Eastern Croatia T-Mobile Croatia BPXDZXVTM 51.00%

Europe: Eastern Czech Republic T-Mobile Czech Republic BJ15QO4P3 60.77%

Europe: Eastern Hungary T-Mobile Hungary BN88VF9T5 59.21%

Europe: Eastern Macedonia T-Mobile Macedonia BWP9QOAYR 30.20%

Europe: Eastern Montenegro MTEL C0X5A89AN 6.00%

Europe: Eastern Montenegro T-Mobile Montenegro C05DMRDBP 45.31%

Europe: Eastern Poland Polska Telefonia Cyfrowa BGRASB7TD 93.00%

Europe: Eastern Romania Cosmote Romania BUGGDX45S 25.86%

Europe: Eastern Romania Telemobil BGRAYMLE0 29.88%

Europe: Eastern Serbia Telekom Srbija BGRCDFU9W 6.00%

Europe: Eastern Slovak Republic T-Mobile Slovak Republic BSBR92CTL 51.00%

Europe: Western Austria T-Mobile Austria BG0I8FE0Q 100.00%

Europe: Western Germany T-Mobile Germany BG0DDKO1H 100.00%

Europe: Western Greece Cosmote BGRPNMYYE 30.00%

Europe: Western Netherlands T-Mobile Netherlands BJ2MA2KTG 100.00%

Europe: Western UK CCZPIKAIX 50.00%

USA/Canada USA T-Mobile USA BGJJ0TNFQ 100.00%

Region Q1 2011 Q1 2011


Africa 1,239,000 32,214

Americas 481,000 481,000

Asia Pacific 0 0

Europe: Eastern 51,752,490 25,840,052

Europe: Western 81,775,000 60,940,000

Middle East 0 0

USA/Canada 33,154,000 33,154,000

Total 168,401,490 120,447,266


Everything Everywhere (Orange & T-Mobile JV)




ownership

1,239,000 32,214 14,856,000 386,256 2.60% 1,141,700 29,684

481,000 481,000 4,045,000 4,045,000 100.00% 482,500 482,500

2,033,600 591,778 3,236,000 941,676 29.10% 2,022,540 588,559

355,000 71,284 3,939,000 790,951 20.08% 363,440 72,979

1,372,200 53,516 3,939,000 153,621 3.90% 1,466,900 57,209

3,934,000 1,180,200 7,498,500 2,249,550 30.00% 3,880,100 1,164,030

3,006,000 1,533,060 4,534,000 2,312,340 51.00% 2,901,000 1,479,510

5,446,000 3,309,534 10,176,500 6,184,259 60.77% 5,475,000 3,327,158

4,925,200 2,916,211 9,954,500 5,894,059 59.21% 4,951,960 2,932,055

1,275,140 385,092 2,040,500 616,231 30.20% 1,267,400 382,755

273,390 16,403 650,000 39,000 6.00% 329,200 19,752

393,740 178,404 650,000 294,515 45.31% 431,800 195,649

13,175,000 12,252,750 37,931,500 35,276,295 93.00% 13,259,000 12,330,870

6,395,740 1,653,938 21,195,500 5,481,156 25.86% 6,849,470 1,771,273

353,780 105,709 21,195,500 6,333,216 29.88% 359,560 107,437

6,450,700 387,042 8,287,500 497,250 6.00% 6,328,100 379,686

2,363,000 1,205,130 5,395,000 2,751,450 51.00% 2,411,000 1,229,610

3,833,000 3,833,000 8,427,000 8,427,000 100.00% 3,750,200 3,750,200

34,574,000 34,574,000 82,396,231 82,396,231 100.00% 34,024,400 34,024,400

7,600,000 2,280,000 11,203,500 3,361,050 30.00% 7,993,490 2,398,047

4,738,000 4,738,000 16,484,500 16,484,500 100.00% 4,227,400 4,227,400

31,030,000 15,515,000 61,390,000 30,695,000 50.00% 30,557,900 15,278,950

33,154,000 33,154,000 313,207,500 313,207,500 100.00% 33,247,500 33,247,500






Q1 2011-Q4 2010 Notes

2,530 Held through holding company

-1,500

3,218

-1,695

-3,693

16,170

53,550 Held via Hrvatski Telecom

-17,623 Held through holding company CBB Mobil

-15,845 Held through holding company Magyar Telecom

2,337

-3,349

-17,245 Held through Magyar Telecom

-78,120

-117,335

-1,727

7,356

-24,480 Held through Slovenske Telekomunikacie

82,800

549,600

-118,047

510,600

236,050

-93,500


Entry refers to new joint venture with Orange and T-Mobile. Subscriptions include any MVNOs/SPs on the network.

Deutsche Telekom

Total Subscriptions

























Total Subscriptions





























1,358,600 1,580,000 1,728,000 1,823,000 1,896,000 1,954,000

490,400 498,100 512,000 544,000 579,000 617,000

2,264,000 2,472,000 2,542,000 2,579,000 2,591,000 2,593,000

1,137,300 1,303,000 1,434,000 1,522,000 1,581,000 1,616,000

1,467,000 1,605,000 1,721,000 1,803,800 1,857,000 1,890,000

4,019,000 4,108,000 4,258,400 4,357,000 4,421,000 4,462,000

2,993,000 3,068,700 3,119,000 3,154,000 3,175,000 3,184,000

5,772,000 6,029,000 6,101,000 6,162,000 6,213,000 6,255,000

5,193,700 5,413,900 5,582,200 5,713,000 5,811,000 5,885,000

1,309,000 1,310,900 1,315,000 1,319,000 1,323,000 1,326,000

303,000 335,000 360,000 378,000 392,000 400,000

479,000 529,700 567,500 595,000 614,000 627,000

13,259,000 13,284,000 13,346,000 13,464,000 13,621,000 13,754,000

7,337,800 7,727,900 7,975,000 8,143,000 8,251,000 8,319,000

395,100 465,300 543,000 638,000 742,000 842,500

6,510,000 6,685,000 6,829,000 6,937,000 7,015,000 7,066,000

2,417,000 2,431,400 2,451,000 2,472,000 2,497,000 2,524,000

4,003,000 4,148,000 4,251,000 4,326,000 4,377,000 4,414,000

35,639,000 36,491,000 37,055,000 37,577,000 38,003,000 38,325,000

8,307,000 8,566,000 8,657,000 8,738,000 8,821,000 8,862,000

4,690,000 4,891,800 5,026,000 5,165,000 5,305,000 5,446,000

30,619,000 30,703,000 30,774,000 30,808,000 30,846,000 30,884,000

31,815,000 31,983,000 32,281,000 32,711,000 33,303,000 34,060,000

171,777,900 175,629,700 178,428,100 180,928,800 183,234,000 185,305,500


35,324 41,080 44,928 47,398 49,296 50,804

490,400 498,100 512,000 544,000 579,000 617,000

658,824 719,352 739,722 750,489 753,981 754,563

228,370 261,642 287,947 305,618 317,465 324,493

57,213 62,595 67,119 70,348 72,423 73,710

1,205,700 1,232,400 1,277,520 1,307,100 1,326,300 1,338,600

1,526,430 1,565,037 1,590,690 1,608,540 1,619,250 1,623,840

3,507,644 3,663,823 3,707,578 3,744,647 3,775,640 3,801,164

3,075,190 3,205,570 3,305,221 3,382,667 3,440,693 3,484,508

395,318 395,892 397,130 398,338 399,546 400,452

18,180 20,100 21,600 22,680 23,520 24,000

217,035 240,007 257,134 269,595 278,203 284,094

12,330,870 12,354,120 12,411,780 12,521,520 12,667,530 12,791,220

1,897,555 1,998,435 2,062,335 2,105,780 2,133,709 2,151,293

118,056 139,032 162,248 190,634 221,710 251,739

390,600 401,100 409,740 416,220 420,900 423,960

1,232,670 1,240,014 1,250,010 1,260,720 1,273,470 1,287,240

4,003,000 4,148,000 4,251,000 4,326,000 4,377,000 4,414,000

35,639,000 36,491,000 37,055,000 37,577,000 38,003,000 38,325,000

2,492,100 2,569,800 2,597,100 2,621,400 2,646,300 2,658,600

4,690,000 4,891,800 5,026,000 5,165,000 5,305,000 5,446,000

15,309,500 15,351,500 15,387,000 15,404,000 15,423,000 15,442,000


31,815,000 31,983,000 32,281,000 32,711,000 33,303,000 34,060,000

121,333,979 123,473,399 125,101,802 126,750,694 128,409,936 130,028,280

Deutsche Telekom

Deutsche Telekom top 10 networks by proportionate subscriptions, Q1 2011

Deutsche Telekom networks by proportionate subscriptions


Europe: Western Germany T-Mobile Germany BG0DDKO1H

USA/Canada USA T-Mobile USA BGJJ0TNFQ

Europe: Western UK Everything Everywhere (Orange & T-MCCZPIKAIX

Europe: Eastern Poland Polska Telefonia Cyfrowa BGRASB7TD

Europe: Western Netherlands T-Mobile Netherlands BJ2MA2KTG

Europe: Western Austria T-Mobile Austria BG0I8FE0Q

Europe: Eastern Czech Republic T-Mobile Czech Republic BJ15QO4P3

Europe: Eastern Hungary T-Mobile Hungary BN88VF9T5

Europe: Western Greece Cosmote BGRPNMYYE

Europe: Eastern Romania Cosmote Romania BUGGDX45S

Europe: Eastern Croatia T-Mobile Croatia BPXDZXVTM

Europe: Eastern Slovak Republic T-Mobile Slovak Republic BSBR92CTL

Europe: Eastern Bulgaria Cosmo Bulgaria Mobile BGQR9RLSY

Europe: Eastern Albania Albanian Mobile Communications BEF4PVJSC

Americas Puerto Rico T-Mobile Puerto Rico C3IL9FWES

Europe: Eastern Serbia Telekom Srbija BGRCDFU9W

Europe: Eastern Macedonia T-Mobile Macedonia BWP9QOAYR

Europe: Eastern Montenegro T-Mobile Montenegro C05DMRDBP

Europe: Eastern Romania Telemobil BGRAYMLE0

Europe: Eastern Bosnia Herzegovina HPT Mostar BG017RWKU

Europe: Eastern Bosnia Herzegovina Mobilna Srpska BGY8HD977

Africa Malawi Telekom networks Malawi BGO0VBXCC

T-Mobile Germany (Germany)

T-Mobile USA (USA)

Everything Everywhere (Orange & T-Mobile JV) (UK)

Polska Telefonia Cyfrowa (Poland)

T-Mobile Netherlands (Netherlands)

T-Mobile Austria (Austria)

T-Mobile Czech Republic (Czech Republic)

T-Mobile Hungary (Hungary)

Cosmote (Greece)

Cosmote Romania (Romania)

0 4 8 12 16 20 24 28 32 36 40




Europe: Eastern Montenegro MTEL C0X5A89AN



T-Mobile Germany (Germany) 34,574,000 34,574,000 33.21%

T-Mobile USA (USA) 33,154,000 33,154,000 10.47%

Everything Everywhere (Orange & T-Mobile JV) (UK) 15,515,000 31,030,000 40.01%

Polska Telefonia Cyfrowa (Poland) 12,252,750 13,175,000 27.93%

T-Mobile Netherlands (Netherlands) 4,738,000 4,738,000 25.63%

T-Mobile Austria (Austria) 3,833,000 3,833,000 31.03%

T-Mobile Czech Republic (Czech Republic) 3,309,534 5,446,000 40.04%

T-Mobile Hungary (Hungary) 2,916,211 4,925,200 44.92%

Cosmote (Greece) 2,280,000 7,600,000 52.49%

Cosmote Romania (Romania) 1,653,938 6,395,740 22.99%

T-Mobile Croatia (Croatia) 1,533,060 3,006,000 46.66%

T-Mobile Slovak Republic (Slovak Republic) 1,205,130 2,363,000 38.25%

Cosmo Bulgaria Mobile (Bulgaria) 1,180,200 3,934,000 37.17%

Albanian Mobile Communications (Albania) 591,778 2,033,600 46.18%

T-Mobile Puerto Rico (Puerto Rico) 481,000 481,000 15.42%

Telekom Srbija (Serbia) 387,042 6,450,700 58.98%

T-Mobile Macedonia (Macedonia) 385,092 1,275,140 57.23%

T-Mobile Montenegro (Montenegro) 178,404 393,740 35.91%

Telemobil (Romania) 105,709 353,780 1.27%

HPT Mostar (Bosnia Herzegovina) 71,284 355,000 11.67%

Mobilna Srpska (Bosnia Herzegovina) 53,516 1,372,200 45.10%

Telekom networks Malawi (Malawi) 32,214 1,239,000 39.08%


Total Subscriptions

T-Mobile Germany (Germany)

T-Mobile USA (USA)


Polska Telefonia Cyfrowa (Poland)

T-Mobile Netherlands (Netherlands)

T-Mobile Austria (Austria)

T-Mobile Czech Republic (Czech Republic)

T-Mobile Hungary (Hungary)

Cosmote (Greece)


0 4 8 12 16 20 24 28 32 36 40




MTEL (Montenegro) 16,403 273,390 24.94%


1 4

4 10

1 4

3 6

2 3

2 4

1 4

1 3

1 3

3 6

1 3

2 3

2 3

1 4

3 6

1 3

1 3

2 3

5 6

3 3

1 3

2 2

Deutsche Telekom

Deutsche Telekom investment footprint



Digicel


ownership

Americas Anguilla Digicel Anguilla BU6AW8WB3 100.00% 7,400

Americas Antigua & Barbuda Digicel Antigua BUAVU9DFX 100.00% 56,600

Americas Aruba Digicel Aruba BRFEG2FXY 100.00% 37,000

Americas Barbados Digicel Barbados BJKID9334 100.00% 130,000

Americas Bermuda Digicel Bermuda BUAVV8FTS 60.00% 48,200

Americas British Virgin Islands Digicel British Virgin Islands C1YJGDOSE 100.00% 4,070

Americas Cayman Islands Digicel Cayman Islands BRFEGO1FL 100.00% 80,300

Americas Dominica Digicel Dominica BUAVVK5TU 100.00% 95,700

Americas El Salvador Digicel El Salvador BGQDP8ULD 100.00% 1,068,800

Americas French Guiana Digicel French Guiana BWGDYRWK2 82.88% 37,270

Americas French West Indies Digicel French West Indies BWGDZTVN4 100.00% 398,000

Americas Grenada Mossel Grenada BRFEH8IY5 100.00% 60,400

Americas Haiti Digicel Haiti BSQJEOSTG 100.00% 2,535,700

Americas Honduras Digicel Honduras C1Y8CZBTB 43.40% 2,088,600

Americas Jamaica Mossel Jamaica BGS54BWXD 100.00% 2,284,500

Americas Netherlands Antilles Digicel (Bonaire) BYNDIO2RG 100.00% 34,400

Americas Netherlands Antilles Digicel (Curaçao) BYNDPFFBA 100.00% 96,900

Americas Panama Digicel Panama C3BIQK37E 43.40% 1,978,300

Americas St Kitts & Nevis Digicel St Kitts & Nevis BUAVVXEF2 100.00% 41,800

Americas St Lucia Digicel St. Lucia BRFENFEJ3 100.00% 131,400

Americas Digicel St Vincent & The Grenad BRFENRSW2 100.00% 64,000

Americas Suriname Digicel Suriname BY8N06IKV 100.00% 327,360

Americas Trinidad & Tobago Digicel Trinidad & Tobago BSZQI9KYU 100.00% 1,004,970

Americas Digicel Turks & Caicos Islands BWGDLV4TO 100.00% 51,000

Asia Pacific Fiji Digicel Fiji BYXQ90EBN 100.00% 290,200

Asia Pacific Papua New Guinea Digicel Papua New Guinea BWLSD4KTD 100.00% 1,394,500

Asia Pacific Samoa Digicel Samoa BW2SVHVKO 90.00% 88,300

Asia Pacific Tonga Digicel Tonga C3Q90QMOH 100.00% 22,800

Asia Pacific Vanuatu Digicel Pacific Vanuatu C3WCM6MTD 100.00% 132,400

Region Q1 2011 Q1 2011


Africa 0 0

Americas 12,662,670 10,335,144

Asia Pacific 1,928,200 1,919,370

Europe: Eastern 0 0


St Vincent & The Grenadines

Turks & Caicos Islands



Europe: Western 0 0

Middle East 0 0

USA/Canada 0 0

Total 14,590,870 12,254,514



ownership

7,400 13,000 13,000 100.00% 7,290 7,290

56,600 87,500 87,500 100.00% 55,980 55,980

37,000 73,000 73,000 100.00% 36,380 36,380

130,000 296,500 296,500 100.00% 128,200 128,200

28,920 65,000 39,000 60.00% 46,780 28,068

4,070 23,250 23,250 100.00% 4,010 4,010

80,300 49,500 49,500 100.00% 79,040 79,040

95,700 67,000 67,000 100.00% 92,800 92,800

1,068,800 7,094,500 7,094,500 100.00% 1,035,200 1,035,200

30,889 214,500 177,778 82.88% 36,840 30,533

398,000 912,000 912,000 100.00% 384,900 384,900

60,400 105,000 105,000 100.00% 59,550 59,550

2,535,700 9,983,500 9,983,500 100.00% 2,461,900 2,461,900

906,452 7,570,500 3,285,597 43.40% 1,902,700 825,772

2,284,500 2,748,500 2,748,500 100.00% 2,251,930 2,251,930

34,400 198,000 198,000 100.00% 33,890 33,890

96,900 198,000 198,000 100.00% 95,610 95,610

858,582 3,481,000 1,510,754 43.40% 1,749,300 759,196

41,800 52,000 52,000 100.00% 41,150 41,150

131,400 170,000 170,000 100.00% 129,720 129,720

64,000 122,000 122,000 100.00% 63,130 63,130

327,360 465,500 465,500 100.00% 318,000 318,000

1,004,970 1,033,500 1,033,500 100.00% 997,760 997,760

51,000 23,500 23,500 100.00% 50,240 50,240

290,200 851,500 851,500 100.00% 273,000 273,000

1,394,500 6,644,000 6,644,000 100.00% 1,330,000 1,330,000

79,470 191,000 171,900 90.00% 86,700 78,030

22,800 101,500 101,500 100.00% 22,600 22,600

132,400 244,250 244,250 100.00% 126,000 126,000





Q1 2011-Q4 2010 Notes

110

620

620

1,800

852

60

1,260

2,900

33,600

356

13,100

850

73,800

80,681

32,570

510

1,290

99,386

650

1,680

870

9,360

7,210

760

17,200

64,500

1,440

200

6,400


Digicel

Total subscriptions

Region Country Operator Operator ID Share

Americas Anguilla Digicel Anguilla BU6AW8WB3 100.00%

Americas Antigua & Barbuda Digicel Antigua BUAVU9DFX 100.00%

Americas Aruba Digicel Aruba BRFEG2FXY 100.00%

Americas Barbados Digicel Barbados BJKID9334 100.00%

Americas Bermuda Digicel Bermuda BUAVV8FTS 60.00%

Americas British Virgin Islands Digicel British Virgin Islands C1YJGDOSE 100.00%

Americas Cayman Islands Digicel Cayman Islands BRFEGO1FL 100.00%

Americas Dominica Digicel Dominica BUAVVK5TU 100.00%

Americas El Salvador Digicel El Salvador BGQDP8ULD 100.00%

Americas French Guiana Digicel French Guiana BWGDYRWK2 82.88%

Americas French West Indies Digicel French West Indies BWGDZTVN4 100.00%

Americas Grenada Mossel Grenada BRFEH8IY5 100.00%

Americas Haiti Digicel Haiti BSQJEOSTG 100.00%

Americas Honduras Digicel Honduras C1Y8CZBTB 43.40%

Americas Jamaica Mossel Jamaica BGS54BWXD 100.00%

Americas Netherlands Antilles Digicel (Bonaire) BYNDIO2RG 100.00%

Americas Netherlands Antilles Digicel (Curaçao) BYNDPFFBA 100.00%

Americas Panama Digicel Panama C3BIQK37E 43.40%

Americas St Kitts & Nevis Digicel St Kitts & Nevis BUAVVXEF2 100.00%

Americas St Lucia Digicel St. Lucia BRFENFEJ3 100.00%

Americas St Vincent & The Grenadines Digicel St Vincent & The Grenadines BRFENRSW2 100.00%

Americas Suriname Digicel Suriname BY8N06IKV 100.00%

Americas Trinidad & Tobago Digicel Trinidad & Tobago BSZQI9KYU 100.00%

Americas Turks & Caicos Islands Digicel Turks & Caicos Islands BWGDLV4TO 100.00%

Asia Pacific Fiji Digicel Fiji BYXQ90EBN 100.00%

Asia Pacific Papua New Guinea Digicel Papua New Guinea BWLSD4KTD 100.00%

Asia Pacific Samoa Digicel Samoa BW2SVHVKO 90.00%

Asia Pacific Tonga Digicel Tonga C3Q90QMOH 100.00%

Asia Pacific Vanuatu Digicel Pacific Vanuatu C3WCM6MTD 100.00%

Total subscriptions



Americas Anguilla Digicel Anguilla BU6AW8WB3 100.00%

Americas Antigua & Barbuda Digicel Antigua BUAVU9DFX 100.00%

Americas Aruba Digicel Aruba BRFEG2FXY 100.00%

Americas Barbados Digicel Barbados BJKID9334 100.00%

Americas Bermuda Digicel Bermuda BUAVV8FTS 60.00%

Americas British Virgin Islands Digicel British Virgin Islands C1YJGDOSE 100.00%

Americas Cayman Islands Digicel Cayman Islands BRFEGO1FL 100.00%

Americas Dominica Digicel Dominica BUAVVK5TU 100.00%

Americas El Salvador Digicel El Salvador BGQDP8ULD 100.00%

Americas French Guiana Digicel French Guiana BWGDYRWK2 82.88%

Americas French West Indies Digicel French West Indies BWGDZTVN4 100.00%

Americas Grenada Mossel Grenada BRFEH8IY5 100.00%

Americas Haiti Digicel Haiti BSQJEOSTG 100.00%

Americas Honduras Digicel Honduras C1Y8CZBTB 43.40%

Americas Jamaica Mossel Jamaica BGS54BWXD 100.00%

Americas Netherlands Antilles Digicel (Bonaire) BYNDIO2RG 100.00%

Americas Netherlands Antilles Digicel (Curaçao) BYNDPFFBA 100.00%

Americas Panama Digicel Panama C3BIQK37E 43.40%


Americas St Kitts & Nevis Digicel St Kitts & Nevis BUAVVXEF2 100.00%

Americas St Lucia Digicel St. Lucia BRFENFEJ3 100.00%

Americas St Vincent & The Grenadines Digicel St Vincent & The Grenadines BRFENRSW2 100.00%

Americas Suriname Digicel Suriname BY8N06IKV 100.00%

Americas Trinidad & Tobago Digicel Trinidad & Tobago BSZQI9KYU 100.00%

Americas Turks & Caicos Islands Digicel Turks & Caicos Islands BWGDLV4TO 100.00%

Asia Pacific Fiji Digicel Fiji BYXQ90EBN 100.00%

Asia Pacific Papua New Guinea Digicel Papua New Guinea BWLSD4KTD 100.00%

Asia Pacific Samoa Digicel Samoa BW2SVHVKO 90.00%

Asia Pacific Tonga Digicel Tonga C3Q90QMOH 100.00%

Asia Pacific Vanuatu Digicel Pacific Vanuatu C3WCM6MTD 100.00%



8,300 9,900 12,000 13,000 14,000 15,000

59,000 63,000 66,000 69,000 71,000 73,000

36,000 37,000 39,000 41,000 42,000 44,000

136,000 143,000 149,000 153,000 157,000 159,000

50,000 53,100 55,000 56,000 58,000 59,000

4,400 5,100 5,900 6,800 7,900 8,900

85,000 90,000 95,000 98,000 101,000 103,000

107,000 117,000 122,000 125,000 126,000 127,000

1,035,000 1,035,000 1,035,000 1,035,000 1,035,000 1,035,000

36,000 37,000 38,000 39,000 40,000 41,000

405,000 414,000 422,000 428,000 432,000 436,000

61,000 63,000 65,000 66,000 66,000 67,000

2,835,000 3,122,000 3,305,000 3,407,000 3,456,000 3,471,000

1,828,000 1,756,000 1,687,000 1,620,000 1,556,000 1,495,000

2,408,000 2,514,000 2,574,000 2,596,000 2,586,000 2,555,000

36,000 37,000 38,000 39,000 40,000 41,000

100,000 103,000 104,000 106,000 107,000 107,000

1,749,000 1,749,000 1,749,000 1,749,000 1,749,000 1,749,000

45,000 47,000 49,000 51,000 52,000 53,000

137,000 144,000 149,000 152,000 155,000 156,000

65,000 67,000 68,000 69,000 69,000 69,000

357,000 394,000 424,000 449,000 470,000 487,000

1,074,000 1,140,000 1,171,000 1,187,000 1,195,000 1,199,000

53,000 55,000 57,000 58,000 59,000 60,000

299,000 375,000 432,000 469,000 492,000 505,000

1,532,000 1,709,000 1,841,000 1,932,000 1,994,000 2,034,000

97,000 109,000 117,000 122,000 125,000 127,000

25,000 29,000 31,000 32,000 32,000 33,000

147,000 160,000 169,000 175,000 179,000 183,000

14,809,700 15,577,100 16,068,900 16,342,800 16,465,900 16,491,900


8,300 9,900 12,000 13,000 14,000 15,000

59,000 63,000 66,000 69,000 71,000 73,000

36,000 37,000 39,000 41,000 42,000 44,000

136,000 143,000 149,000 153,000 157,000 159,000

30,000 31,860 33,000 33,600 34,800 35,400

4,400 5,100 5,900 6,800 7,900 8,900

85,000 90,000 95,000 98,000 101,000 103,000

107,000 117,000 122,000 125,000 126,000 127,000

1,035,000 1,035,000 1,035,000 1,035,000 1,035,000 1,035,000

29,837 30,666 31,494 32,323 33,152 33,981

405,000 414,000 422,000 428,000 432,000 436,000

61,000 63,000 65,000 66,000 66,000 67,000

2,835,000 3,122,000 3,305,000 3,407,000 3,456,000 3,471,000

793,352 762,104 732,158 703,080 675,304 648,830

2,408,000 2,514,000 2,574,000 2,596,000 2,586,000 2,555,000

36,000 37,000 38,000 39,000 40,000 41,000

100,000 103,000 104,000 106,000 107,000 107,000

759,066 759,066 759,066 759,066 759,066 759,066


45,000 47,000 49,000 51,000 52,000 53,000

137,000 144,000 149,000 152,000 155,000 156,000

65,000 67,000 68,000 69,000 69,000 69,000

357,000 394,000 424,000 449,000 470,000 487,000

1,074,000 1,140,000 1,171,000 1,187,000 1,195,000 1,199,000

53,000 55,000 57,000 58,000 59,000 60,000

299,000 375,000 432,000 469,000 492,000 505,000

1,532,000 1,709,000 1,841,000 1,932,000 1,994,000 2,034,000

87,300 98,100 105,300 109,800 112,500 114,300

25,000 29,000 31,000 32,000 32,000 33,000

147,000 160,000 169,000 175,000 179,000 183,000

12,749,255 13,554,796 14,083,918 14,394,669 14,552,722 14,612,477

Digicel

Digicel top 10 networks by proportionate subscriptions, Q1 2011

Digicel networks by proportionate subscriptions


Americas Haiti Digicel Haiti BSQJEOSTG

Americas Jamaica Mossel Jamaica BGS54BWXD

Asia Pacific Papua New Guinea Digicel Papua New Guinea BWLSD4KTD

Americas El Salvador Digicel El Salvador BGQDP8ULD

Americas Trinidad & Tobago Digicel Trinidad & Tobago BSZQI9KYU

Americas Honduras Digicel Honduras C1Y8CZBTB

Americas Panama Digicel Panama C3BIQK37E

Americas French West Indies Digicel French West Indies BWGDZTVN4

Americas Suriname Digicel Suriname BY8N06IKV

Asia Pacific Fiji Digicel Fiji BYXQ90EBN

Asia Pacific Vanuatu Digicel Pacific Vanuatu C3WCM6MTD

Americas St Lucia Digicel St. Lucia BRFENFEJ3

Americas Barbados Digicel Barbados BJKID9334

Americas Netherlands Antilles Digicel (Curaçao) BYNDPFFBA

Americas Dominica Digicel Dominica BUAVVK5TU

Americas Cayman Islands Digicel Cayman Islands BRFEGO1FL

Asia Pacific Samoa Digicel Samoa BW2SVHVKO

Americas St Vincent & The Grenadines Digicel St Vincent & The Grenadines BRFENRSW2

Americas Grenada Mossel Grenada BRFEH8IY5

Americas Antigua & Barbuda Digicel Antigua BUAVU9DFX

Americas Turks & Caicos Islands Digicel Turks & Caicos Islands BWGDLV4TO

Americas St Kitts & Nevis Digicel St Kitts & Nevis BUAVVXEF2

Americas Aruba Digicel Aruba BRFEG2FXY

Americas Netherlands Antilles Digicel (Bonaire) BYNDIO2RG

Digicel Haiti (Haiti)

Mossel Jamaica (Jamaica)

Digicel Papua New Guinea (Papua New Guinea)

Digicel El Salvador (El Salvador)

Digicel Trinidad & Tobago (Trinidad & Tobago)

Digicel Honduras (Honduras)

Digicel Panama (Panama)

Digicel French West Indies (French West Indies)

Digicel Suriname (Suriname)

Digicel Fiji (Fiji)

0 500 1,000 1,500 2,000 2,500 3,000Subscriptions (thousands)



Americas French Guiana Digicel French Guiana BWGDYRWK2

Americas Bermuda Digicel Bermuda BUAVV8FTS

Asia Pacific Tonga Digicel Tonga C3Q90QMOH

Americas Anguilla Digicel Anguilla BU6AW8WB3

Americas British Virgin Islands Digicel British Virgin Islands C1YJGDOSE


Network (Country) Market Share Position in market

Digicel Haiti (Haiti) 2,535,700 2,535,700 60.60% 1

Mossel Jamaica (Jamaica) 2,284,500 2,284,500 65.82% 1

Digicel Papua New Guinea (Papua New Guine 1,394,500 1,394,500 87.52% 1

Digicel El Salvador (El Salvador) 1,068,800 1,068,800 14.37% 4

Digicel Trinidad & Tobago (Trinidad & Tobago 1,004,970 1,004,970 52.67% 1

Digicel Honduras (Honduras) 906,452 2,088,600 25.22% 2

Digicel Panama (Panama) 858,582 1,978,300 28.49% 3

Digicel French West Indies (French West Indie 398,000 398,000 32.31% 2

Digicel Suriname (Suriname) 327,360 327,360 45.99% 2

Digicel Fiji (Fiji) 290,200 290,200 33.34% 2

Digicel Pacific Vanuatu (Vanuatu) 132,400 132,400 54.76% 1

Digicel St. Lucia (St Lucia) 131,400 131,400 53.03% 1

Digicel Barbados (Barbados) 130,000 130,000 42.74% 2

Digicel (Curaçao) (Netherlands Antilles) 96,900 96,900 29.04% 2

Digicel Dominica (Dominica) 95,700 95,700 73.71% 1

Digicel Cayman Islands (Cayman Islands) 80,300 80,300 55.53% 1

Digicel Samoa (Samoa) 79,470 88,300 69.53% 1

Digicel St Vincent & The Grenadines (St Vinc 64,000 64,000 62.26% 1

Mossel Grenada (Grenada) 60,400 60,400 49.15% 2

Digicel Antigua (Antigua & Barbuda) 56,600 56,600 45.14% 2

Digicel Turks & Caicos Islands (Turks & Caico 51,000 51,000 52.93% 1

Digicel St Kitts & Nevis (St Kitts & Nevis) 41,800 41,800 44.47% 2

Digicel Aruba (Aruba) 37,000 37,000 26.59% 2

Digicel (Bonaire) (Netherlands Antilles) 34,400 34,400 10.31% 4


Total Subscriptions

Digicel Haiti (Haiti)

Mossel Jamaica (Jamaica)

Digicel Papua New Guinea (Papua New Guinea)

Digicel El Salvador (El Salvador)

Digicel Trinidad & Tobago (Trinidad & Tobago)

Digicel Honduras (Honduras)

Digicel Panama (Panama)

Digicel French West Indies (French West Indies)

Digicel Suriname (Suriname)

Digicel Fiji (Fiji)

0 500 1,000 1,500 2,000 2,500 3,000Subscriptions (thousands)



Digicel French Guiana (French Guiana) 30,889 37,270 17.50% 3

Digicel Bermuda (Bermuda) 28,920 48,200 42.54% 1

Digicel Tonga (Tonga) 22,800 22,800 52.53% 1

Digicel Anguilla (Anguilla) 7,400 7,400 31.90% 2

Digicel British Virgin Islands (British Virgin Isl 4,070 4,070 6.19% 3

Number of operators

3

3

2

5

2

4

4

4

3

2

2

2

2

5

2

2

2

2

2

3

3

3

2

5

3

3

2

2

3

Digicel

Digicel investment footprint



Etisalat


ownership

Africa Benin Etisalat Benin CGJDVQVTF 100.00%

Africa Burkina Faso Telecel Burkina Faso BG0U9RLIV 56.00%

Africa Atlantique Cellulaire RCA BSK7RFAXR 97.50%

Africa Côte d'Ivoire Atlantique Telecom Cote d'Ivoire BWJGN4IKU 100.00%

Africa Egypt Etisalat Misr BWXW74DCK 66.00%

Africa Gabon Moov Gabon C5ECYRG1L 100.00%

Africa Ghana Kasapa BLGAHT7EK 4.60%

Africa Guinea Republic Intercel Holdings Guinea Republic BY08ID1XM 1.84%

Africa Mauritania Chinguitel BW5SE2FOV 2.76%

Africa Niger Telecel Niger BG0VROGLZ 85.00%

Africa Nigeria EMTS C393WO4RV 40.00%

Africa Nigeria Intercellular Nigeria BGO186J2Y 3.22%

Africa Senegal Sudatel Senegal C3ARUTUFW 4.60%

Africa Sudan Sudatel Sudan BG03941TN 4.60%

Africa Sudan Canartel BWZDY0DJL 89.40%

Africa Tanzania Zanzibar Telecom BGP792S6Z 65.00%

Africa Togo Telecel Togo BG20RV4FN 60.00%

Asia Pacific India Etisalat DB Telecom C97L3T3K6 44.73%


Asia Pacific Pakistan PTML BGQS4TSWP 23.40%

Asia Pacific Sri Lanka Etisalat Sri Lanka CC104IEES 100.00%

Middle East Afghanistan Etisalat Afghanistan BWXDZKIB2 100.00%

Middle East Saudi Arabia Etihad Etisalat BSL0DB72M 26.25%

Middle East UAE Etisalat UAE BGP4I8NU2 100.00%

Region Q1 2011 Q1 2011


Africa 32,423,300 15,438,444

Americas 0 0

Asia Pacific 64,274,590 13,958,448

Europe: Eastern 0 0

Europe: Western 0 0

Middle East 28,427,900 14,604,864

USA/Canada 0 0

Total 125,125,790 44,001,756


Central African Republic




ownership

1,103,700 1,103,700 9,734,000 9,734,000 100.00% 1,075,800

1,024,000 573,440 15,880,500 8,893,080 56.00% 959,400

193,800 188,955 4,552,000 4,438,200 97.50% 189,200

2,213,000 2,213,000 20,196,000 20,196,000 100.00% 2,186,900

8,432,200 5,565,252 83,673,000 55,224,180 66.00% 7,970,800

237,200 237,200 1,380,000 1,380,000 100.00% 237,300

242,300 11,146 24,654,500 1,134,107 4.60% 239,820

292,500 5,382 10,099,000 185,822 1.84% 273,600

700,900 19,345 24,654,500 680,464 2.76% 650,300

414,900 352,665 15,538,500 13,207,725 85.00% 398,300

7,814,100 3,125,640 156,617,500 62,647,000 40.00% 6,791,990

1,000 32 156,617,500 5,043,084 3.22% 1,000

1,209,200 55,623 13,157,000 605,222 4.60% 898,110

5,887,700 270,834 40,797,000 1,876,662 4.60% 5,883,800

100,000 89,400 40,797,000 36,472,519 89.40% 95,900

1,855,000 1,205,750 43,035,500 27,973,075 65.00% 1,729,900

701,800 421,080 7,033,500 4,220,100 60.00% 662,900

968,090 433,027 1,224,299,750 547,629,273 44.73% 264,890

39,300,000 5,226,900 238,246,000 31,686,718 13.30% 40,400,000

20,506,500 4,798,521 171,824,000 40,206,815 23.40% 20,275,000

3,500,000 3,500,000 19,530,500 19,530,500 100.00% 3,300,000

2,254,800 2,254,800 29,857,000 29,857,000 100.00% 2,143,200

18,743,100 4,920,064 28,961,500 7,602,394 26.25% 17,975,100

7,430,000 7,430,000 4,669,000 4,669,000 100.00% 7,760,000





Q4 2010 Q1 2011-Q4 2010 Notes

1,075,800 27,900

537,264 36,176

184,470 4,485

2,186,900 26,100

5,260,728 304,524

237,300 -100

11,032 114

5,034 348

17,948 1,397

338,555 14,110

2,716,796 408,844

32 0

41,313 14,310

270,655 179

85,735 3,665 CDMA WLL (LM)

1,124,435 81,315

397,740 23,340

118,485 314,541

5,373,200 -146,300

4,744,350 54,171

3,300,000 200,000

2,143,200 111,600

4,718,464 201,600

7,760,000 -330,000



Etisalat

Total subscriptions




Africa Central African Republic Atlantique Cellulaire RCA BSK7RFAXR 97.50%






















Total subscriptions





Africa Central African Republic Atlantique Cellulaire RCA BSK7RFAXR 97.50%























1,170,000 1,268,300 1,352,500 1,433,000 1,511,000 1,586,000

1,189,000 1,399,000 1,567,000 1,691,000 1,788,000 1,871,000

212,000 232,100 248,800 262,000 272,000 282,000

2,411,000 2,578,000 2,717,000 2,848,000 2,974,000 3,096,000

9,165,000 10,128,000 10,924,000 11,597,000 12,173,000 12,678,000

249,000 274,000 305,000 335,000 358,000 377,000

285,000 348,000 418,000 497,000 582,000 671,000

362,000 460,300 543,200 615,000 676,000 730,000

830,000 940,000 1,012,000 1,068,000 1,113,000 1,152,000

433,000 472,200 516,500 561,000 610,000 661,000

11,610,000 16,132,000 19,355,000 21,945,000 23,956,000 25,487,000

0 0 0 0 0 0

1,820,400 2,520,100 3,101,500 3,576,700 3,963,600 4,278,800

6,781,600 7,795,000 8,349,000 8,672,000 8,877,000 9,021,000

113,700 166,000 226,000 287,000 351,500 418,500

2,075,400 2,422,400 2,755,400 3,085,000 3,404,000 3,720,000

762,000 888,000 1,006,000 1,102,000 1,182,000 1,250,000

7,077,000 14,069,000 21,082,000 28,561,000 32,783,000 36,292,000

51,540,000 60,704,000 65,682,000 69,040,000 71,296,000 72,902,000

22,005,000 23,860,400 25,553,000 27,141,000 28,722,000 30,288,000

4,199,500 4,905,000 5,405,000 5,734,000 5,926,000 6,060,000

2,754,000 3,414,000 3,894,000 4,244,000 4,518,000 4,755,000

21,125,000 23,587,000 25,270,000 26,614,000 27,702,000 28,601,000

8,204,000 8,439,000 8,630,000 8,799,000 8,953,000 9,093,000

156,373,600 187,001,800 209,912,900 229,707,700 243,691,100 255,270,300


1,170,000 1,268,300 1,352,500 1,433,000 1,511,000 1,586,000

665,840 783,440 877,520 946,960 1,001,280 1,047,760

206,700 226,298 242,580 255,450 265,200 274,950

2,411,000 2,578,000 2,717,000 2,848,000 2,974,000 3,096,000

6,048,900 6,684,480 7,209,840 7,654,020 8,034,180 8,367,480

249,000 274,000 305,000 335,000 358,000 377,000

13,110 16,008 19,228 22,862 26,772 30,866

6,661 8,470 9,995 11,316 12,438 13,432

22,908 25,944 27,931 29,477 30,719 31,795

368,050 401,370 439,025 476,850 518,500 561,850

4,644,000 6,452,800 7,742,000 8,778,000 9,582,400 10,194,800

0 0 0 0 0 0

83,738 115,925 142,669 164,528 182,326 196,825

311,954 358,570 384,054 398,912 408,342 414,966

101,648 148,404 202,044 256,578 314,241 374,139

1,349,010 1,574,560 1,791,010 2,005,250 2,212,600 2,418,000

457,200 532,800 603,600 661,200 709,200 750,000

3,165,542 6,293,064 9,429,979 12,775,335 14,663,836 16,233,411

6,854,820 8,073,632 8,735,706 9,182,320 9,482,368 9,695,966

5,149,170 5,583,334 5,979,402 6,350,994 6,720,948 7,087,392

4,199,500 4,905,000 5,405,000 5,734,000 5,926,000 6,060,000

2,754,000 3,414,000 3,894,000 4,244,000 4,518,000 4,755,000

5,545,313 6,191,588 6,633,375 6,986,175 7,271,775 7,507,763


F17

Forecast data not available.

G17


H17


I17


J17


K17


F45


G45


H45


I45


J45


K45


8,204,000 8,439,000 8,630,000 8,799,000 8,953,000 9,093,000

53,982,063 64,348,984 72,773,458 80,349,227 85,677,125 90,168,395

Etisalat

Etisalat top 10 networks by proportionate subscriptions, Q1 2011

Etisalat networks by proportionate subscriptions


Middle East UAE Etisalat UAE BGP4I8NU2

Africa Egypt Etisalat Misr BWXW74DCK

Asia Pacific Indonesia XL Axiata BGQRZ9E91

Middle East Saudi Arabia Etihad Etisalat BSL0DB72M

Asia Pacific Pakistan PTML BGQS4TSWP

Asia Pacific Sri Lanka Etisalat Sri Lanka CC104IEES

Africa Nigeria EMTS C393WO4RV

Middle East Afghanistan Etisalat Afghanistan BWXDZKIB2

Africa Côte d'Ivoire Atlantique Telecom Cote d'Ivoi BWJGN4IKU

Africa Tanzania Zanzibar Telecom BGP792S6Z

Africa Benin Etisalat Benin CGJDVQVTF

Africa Burkina Faso Telecel Burkina Faso BG0U9RLIV

Asia Pacific India Etisalat DB Telecom C97L3T3K6

Africa Togo Telecel Togo BG20RV4FN

Africa Niger Telecel Niger BG0VROGLZ

Africa Sudan Sudatel Sudan BG03941TN

Africa Gabon Moov Gabon C5ECYRG1L

Africa Central African Republic Atlantique Cellulaire RCA BSK7RFAXR

Africa Sudan Canartel BWZDY0DJL

Africa Senegal Sudatel Senegal C3ARUTUFW

Africa Mauritania Chinguitel BW5SE2FOV

Africa Ghana Kasapa BLGAHT7EK

Africa Guinea Republic Intercel Holdings Guinea Repu BY08ID1XM

Africa Nigeria Intercellular Nigeria BGO186J2Y

Etisalat UAE (UAE)

Etisalat Misr (Egypt)


Etihad Etisalat (Saudi Arabia)

PTML (Pakistan)

Etisalat Sri Lanka (Sri Lanka)

EMTS (Nigeria)

Etisalat Afghanistan (Afghanistan)

Atlantique Telecom Cote d'Ivoire (Côte d'Ivoire)

Zanzibar Telecom (Tanzania)




*CDMA 800 WLL (LM) player



Etisalat UAE (UAE) 7,430,000 7,430,000 61.74%

Etisalat Misr (Egypt) 5,565,252 8,432,200 12.05%

XL Axiata (Indonesia) 5,226,900 39,300,000 18.39%

Etihad Etisalat (Saudi Arabia) 4,920,064 18,743,100 39.70%

PTML (Pakistan) 4,798,521 20,506,500 19.27%

Etisalat Sri Lanka (Sri Lanka) 3,500,000 3,500,000 19.51%

EMTS (Nigeria) 3,125,640 7,814,100 8.63%

Etisalat Afghanistan (Afghanistan) 2,254,800 2,254,800 15.21%

Atlantique Telecom Cote d'Ivoire (Côte d'Ivoire) 2,213,000 2,213,000 13.92%

Zanzibar Telecom (Tanzania) 1,205,750 1,855,000 9.14%

Etisalat Benin (Benin) 1,103,700 1,103,700 22.79%

Telecel Burkina Faso (Burkina Faso) 573,440 1,024,000 19.39%

Etisalat DB Telecom (India) 433,027 968,090 0.12%

Telecel Togo (Togo) 421,080 701,800 30.40%

Telecel Niger (Niger) 352,665 414,900 10.95%

Sudatel Sudan (Sudan) 270,834 5,887,700 27.66%

Moov Gabon (Gabon) 237,200 237,200 12.60%

Atlantique Cellulaire RCA (Central African Republic) 188,955 193,800 18.02%

Canartel (Sudan) 89,400 100,000 0.47%

Sudatel Senegal (Senegal) 55,623 1,209,200 13.49%

Chinguitel (Mauritania) 19,345 700,900 20.41%

Kasapa (Ghana) 11,146 242,300 1.38%

Intercel Holdings Guinea Republic (Guinea Republic) 5,382 292,500 6.38%

Intercellular Nigeria (Nigeria) 32 1,000 0.00%


Total Subscriptions

Etisalat UAE (UAE)

Etisalat Misr (Egypt)


Etihad Etisalat (Saudi Arabia)

PTML (Pakistan)

Etisalat Sri Lanka (Sri Lanka)

EMTS (Nigeria)

Etisalat Afghanistan (Afghanistan)

Atlantique Telecom Cote d'Ivoire (Côte d'Ivoire)

Zanzibar Telecom (Tanzania)





1 2

3 3

3 8

2 4

3 6

3 5

4 10

4 4

3 5

4 7

2 5

3 3

15 15

2 2

3 4

2 5

4 4

3 4

n/a* n/a*

3 3

3 3

5 5

5 5

10 10

Etisalat

Etisalat investment footprint



France Telecom


ownership

Africa Botswana Orange Botswana BJPIG9EW9 51.00%

Africa Cameroon Orange Cameroon BIZ0EI4OA 99.50%

Africa Central African Republic Orange Central African Republic C007VB7G3 100.00%

Africa Côte d'Ivoire Orange Côte d'Ivoire BIZ0IHY7M 85.00%

Africa Egypt ECMS BGNZVVONY 36.36%

Africa Equatorial Guinea Getesa BGNZY9N27 40.00%

Africa Guinea-Bissau Orange Bissau BYPS793XN 42.33%

Africa Guinea Republic Orange Guinee BYPS84P0C 38.10%

Africa Kenya Orange Kenya BG0UYBC6U 40.04%

Africa Madagascar Orange Madagascar BL0LJZVJ0 40.07%

Africa Mali Orange Mali BYKQL9TJJ 29.63%

Africa Mauritius Orange Mauritius BG0VMD4AB 40.00%

Africa Mayotte Orange Mayotte C3K94MLI5 100.00%

Africa Morocco Médi Télécom BGO0Y8Y1A 40.00%

Africa Niger Orange Niger C1J93D9CN 80.00%

Africa Réunion Orange Réunion BG0VV4LOF 100.00%

Africa Senegal Orange Senegal BG035D610 42.33%

Africa Tunisia Orange Tunisie CAFCEXA7S 49.00%

Africa Uganda Orange Uganda C5ALM2MB8 53.00%

Americas Dominican Republic Orange Dominicana BGJIUFTAG 100.00%

Americas French Guiana Orange Caraibe French Guiana BRFRHDVTR 100.00%

Americas French West Indies Orange Caraibe French West Indies BRG80BYCP 100.00%

Americas Netherlands Antilles East Caribbean Cellular BGXV94V6N 34.00%

Asia Pacific Thailand True Move BUZC9II6P 0.76%

Asia Pacific Vanuatu Telecom Vanuatu BGR0LIP0X 33.33%

Europe: Eastern Armenia Orange Armenia C5IDQI00Q 100.00%

Europe: Eastern Moldova Orange Moldova C1CQS2DWV 98.00%

Europe: Eastern Poland Orange (Poland) BGRAQVIBV 49.85%

Europe: Eastern Romania Orange Romania BI5V7KR0R 96.80%

Europe: Eastern Slovak Republic Orange Slovak Republic BGRD79XF9 100.00%

Europe: Western Austria Orange Austria C5UNJBG6M 35.00%

Europe: Western Belgium Mobistar BG09UTJGC 52.90%

Europe: Western France Orange France BG094VYBD 100.00%

Europe: Western Liechtenstein Orange Liechtenstein BWGYI2DWI 100.00%

Europe: Western Luxembourg Orange Luxembourg C00EVFP9J 52.90%

Europe: Western Portugal Sonaecom Servicos Comunicacoes C5N04MST7 20.00%

Europe: Western Spain Orange Spain BYA48KV5Q 100.00%

Europe: Western Switzerland Orange Switzerland BG09IOTXN 100.00%


Middle East Iraq Korek Telecom BSGDU9DTS 20.24%

Middle East Jordan Orange Jordan BGO0E2ESK 51.00%

Region Q1 2011 Q1 2011


Africa 71,285,670 33,216,839




Americas 3,626,650 3,625,825

Asia Pacific 17,577,100 169,218

Europe: Eastern 30,051,100 22,417,021

Europe: Western 85,046,890 63,660,886

Middle East 2,000,000 1,510,021

USA/Canada 0 0

Total 209,587,410 124,599,811



ownership

824,000 420,240 1,941,000 989,910 51.00% 792,000 403,920

3,939,000 3,919,305 19,475,500 19,378,123 99.50% 3,566,000 3,548,170

318,000 318,000 4,552,000 4,552,000 100.00% 268,000 268,000

5,757,000 4,893,450 20,196,000 17,166,600 85.00% 5,529,000 4,699,650

29,729,920 10,809,799 83,673,000 30,423,503 36.36% 28,388,000 10,321,877

410,000 164,000 539,000 215,600 40.00% 408,000 163,200

210,300 89,020 1,827,500 773,581 42.33% 192,190 81,354

953,200 363,169 9,925,500 3,781,615 38.10% 907,040 345,582

1,600,300 640,760 40,140,500 16,072,257 40.04% 1,562,880 625,777

2,212,000 886,348 21,033,500 8,428,123 40.07% 2,153,000 862,707

5,006,300 1,483,367 13,316,500 3,945,679 29.63% 4,716,820 1,397,594

680,000 272,000 1,286,000 514,400 40.00% 680,000 272,000

5,360 5,360 227,500 227,500 100.00% 5,000 5,000

11,120,000 4,448,000 32,527,473 13,010,989 40.00% 10,361,200 4,144,480

979,000 783,200 15,538,500 12,430,800 80.00% 917,000 733,600

672,900 672,900 831,000 831,000 100.00% 635,300 635,300

5,225,400 2,211,912 13,157,000 5,569,358 42.33% 5,089,540 2,154,402

869,390 426,001 10,691,000 5,238,590 49.00% 748,980 367,000

773,600 410,008 33,530,500 17,771,165 53.00% 664,500 352,185

2,927,010 2,927,010 10,119,000 10,119,000 100.00% 2,885,000 2,885,000

123,090 123,090 214,500 214,500 100.00% 122,790 122,790

575,300 575,300 912,000 912,000 100.00% 558,250 558,250

1,250 425 198,000 67,320 34.00% 1,200 408

17,467,700 132,755 64,912,500 493,335 0.76% 17,118,000 130,097

109,400 36,463 240,000 79,992 33.33% 98,600 32,863

617,000 617,000 2,990,000 2,990,000 100.00% 564,000 564,000

1,711,000 1,676,780 3,724,000 3,649,520 98.00% 1,724,000 1,689,520

14,493,000 7,224,761 37,931,500 18,908,854 49.85% 14,402,000 7,179,397

10,363,100 10,031,480 21,195,500 20,517,243 96.80% 10,464,000 10,129,152

2,867,000 2,867,000 5,395,000 5,395,000 100.00% 2,870,000 2,870,000

2,218,800 776,580 8,427,000 2,949,450 35.00% 2,199,400 769,790

3,984,000 2,107,536 10,509,500 5,559,526 52.90% 3,950,520 2,089,825

29,734,000 29,734,000 62,355,500 62,355,500 100.00% 29,721,000 29,721,000

7,990 7,990 36,000 36,000 100.00% 7,990 7,990

90,700 47,980 480,500 254,185 52.90% 88,850 47,002

3,137,000 627,400 10,705,000 2,141,000 20.00% 3,087,200 617,440

13,272,300 13,272,300 44,937,000 44,937,000 100.00% 13,135,000 13,135,000

1,572,100 1,572,100 7,552,500 7,552,500 100.00% 1,571,600 1,571,600

31,030,000 15,515,000 61,390,000 30,695,000 50.00% 30,557,900 15,278,950

2,000,000 404,800 30,419,000 6,156,806 0.00% 2,413,100 0

2,167,100 1,105,221 6,362,000 3,244,620 51.00% 2,153,000 1,098,030






Q1 2011-Q4 2010 Notes

16,320 Held through Orange

371,135

50,000


487,922 Held through MobiNil Telecom

800

7,666

17,587

14,983


85,773

0 Held through Mauritius Telecom

360

303,520

49,600


57,510 Held through Sonatel

59,001

57,823


300 Held through Orange


17 Held through Orange

2,658 Indirect stake via Bangkok Teletech Co

3,600

53,000

-12,740

45,364

-97,671 Held through Orange

-3,000

6,790 Subscriptions include MVNO and Service providers, including eety and Yess!



0

979

9,960 Held through Orange.


500

236,050

404,800



Entry refers to new joint venture with Orange and T-Mobile. Total subscriptions include any MVNOs/SPs on the network

France Telecom

Total subscriptions








































Europe: Western UK Everything Everywhere (Orange & T-MobCCZPIKAIX 50.00%



Total subscriptions










































Europe: Western UK Everything Everywhere (Orange & T-MobCCZPIKAIX 50.00%





798,000 807,000 821,000 836,000 851,000 867,000

4,331,200 5,020,000 5,692,000 6,296,000 6,834,000 7,312,000

326,000 374,900 415,900 446,000 468,000 485,000

7,534,000 9,090,000 10,221,000 11,145,000 11,900,000 12,519,000

30,956,000 32,932,000 34,483,000 35,748,000 36,781,000 37,638,000

448,300 474,800 498,800 517,800 532,400 546,300

279,300 361,700 419,800 458,000 487,000 508,000

1,150,000 1,409,100 1,595,300 1,750,000 1,879,000 1,990,000

1,485,000 1,977,000 2,525,000 3,144,000 3,821,000 4,543,000

2,525,000 3,099,000 3,702,000 4,229,000 4,662,000 5,004,000

5,611,000 6,276,000 6,782,000 7,135,000 7,379,000 7,559,000

719,400 746,000 759,000 769,000 774,000 777,000

5,800 7,300 9,500 13,000 16,000 20,000

11,381,000 12,216,000 12,870,000 13,420,000 13,883,000 14,276,000

1,292,000 1,613,900 1,875,000 2,057,000 2,195,000 2,306,000

704,000 739,000 762,000 775,000 786,000 795,000

5,626,000 6,070,000 6,448,000 6,765,000 7,034,000 7,262,000

886,000 1,069,000 1,259,000 1,442,000 1,589,000 1,710,000

1,001,600 1,416,000 1,847,000 2,269,000 2,687,000 3,097,000

3,064,000 3,348,000 3,602,000 3,815,000 3,990,000 4,127,000

133,000 139,000 144,000 148,000 152,000 156,000

589,000 605,000 615,000 622,000 627,000 632,000

1,400 1,800 2,600 3,400 4,200 4,800

18,579,000 19,462,000 20,029,000 20,467,000 20,825,000 21,157,000

138,000 163,000 179,000 190,000 198,000 205,000

900,000 1,213,200 1,464,000 1,662,000 1,809,000 1,913,000

1,854,000 1,949,200 2,018,000 2,053,000 2,072,000 2,077,000

15,234,000 15,676,200 15,966,600 16,190,600 16,356,100 16,489,100

11,206,000 11,783,000 12,121,000 12,308,000 12,386,000 12,421,000

2,908,000 2,947,400 2,974,000 3,005,000 3,038,000 3,074,000

2,319,300 2,416,700 2,514,000 2,605,000 2,690,000 2,759,000

4,081,000 4,171,300 4,237,000 4,305,000 4,367,000 4,422,000

30,779,000 31,729,000 32,466,000 33,120,000 33,680,000 34,148,000

8,400 8,700 9,200 9,600 10,000 10,400

111,000 122,000 129,000 137,100 142,700 146,900

3,411,000 3,682,000 3,843,000 3,984,000 4,105,000 4,211,000

12,968,000 13,423,000 13,519,000 13,680,000 13,896,000 14,154,000

1,576,000 1,585,900 1,602,000 1,621,000 1,644,000 1,672,000

30,619,000 30,703,000 30,774,000 30,808,000 30,846,000 30,884,000

3,809,000 4,292,000 4,632,000 4,883,000 5,092,000 5,284,000

2,395,000 2,621,000 2,825,000 3,000,300 3,142,000 3,276,000

223,742,700 237,741,100 248,650,700 257,831,800 265,630,400 272,437,500


406,980 411,570 418,710 426,360 434,010 442,170

4,309,544 4,994,900 5,663,540 6,264,520 6,799,830 7,275,440

326,000 374,900 415,900 446,000 468,000 485,000

6,403,900 7,726,500 8,687,850 9,473,250 10,115,000 10,641,150

11,255,602 11,974,075 12,538,019 12,997,973 13,373,572 13,685,177

179,320 189,920 199,520 207,120 212,960 218,520


118,228 153,108 177,701 193,871 206,147 215,036

438,150 536,867 607,809 666,750 715,899 758,190

594,594 791,591 1,011,010 1,258,858 1,529,928 1,819,017

1,011,767 1,241,769 1,483,391 1,694,560 1,868,063 2,005,103

1,662,539 1,859,579 2,009,507 2,114,100 2,186,398 2,239,732

287,760 298,400 303,600 307,600 309,600 310,800

5,800 7,300 9,500 13,000 16,000 20,000

4,552,400 4,886,400 5,148,000 5,368,000 5,553,200 5,710,400

1,033,600 1,291,120 1,500,000 1,645,600 1,756,000 1,844,800

704,000 739,000 762,000 775,000 786,000 795,000

2,381,486 2,569,431 2,729,439 2,863,625 2,977,492 3,074,005

434,140 523,810 616,910 706,580 778,610 837,900

530,848 750,480 978,910 1,202,570 1,424,110 1,641,410

3,064,000 3,348,000 3,602,000 3,815,000 3,990,000 4,127,000

133,000 139,000 144,000 148,000 152,000 156,000

589,000 605,000 615,000 622,000 627,000 632,000

476 612 884 1,156 1,428 1,632

141,200 147,911 152,220 155,549 158,270 160,793

45,995 54,328 59,661 63,327 65,993 68,327

900,000 1,213,200 1,464,000 1,662,000 1,809,000 1,913,000

1,816,920 1,910,216 1,977,640 2,011,940 2,030,560 2,035,460

7,594,149 7,814,586 7,959,350 8,071,014 8,153,516 8,219,817

10,847,407 11,405,943 11,733,127 11,914,143 11,989,647 12,023,527

2,908,000 2,947,400 2,974,000 3,005,000 3,038,000 3,074,000

811,755 845,845 879,900 911,750 941,500 965,650

2,158,849 2,206,618 2,241,373 2,277,345 2,310,143 2,339,238

30,779,000 31,729,000 32,466,000 33,120,000 33,680,000 34,148,000

8,400 8,700 9,200 9,600 10,000 10,400

58,719 64,538 68,241 72,526 75,488 77,710

682,200 736,400 768,600 796,800 821,000 842,200

12,968,000 13,423,000 13,519,000 13,680,000 13,896,000 14,154,000

1,576,000 1,585,900 1,602,000 1,621,000 1,644,000 1,672,000

15,309,500 15,351,500 15,387,000 15,404,000 15,423,000 15,442,000

770,942 868,701 937,517 988,319 1,030,621 1,069,482

1,221,450 1,336,710 1,440,750 1,530,153 1,602,420 1,670,760

131,021,621 139,063,828 145,262,780 150,505,961 154,960,407 158,821,845

France Telecom

France Telecom top 10 networks by proportionate subscriptions, Q1 2011

France Telecom networks by proportionate subscriptions


Europe: Western France Orange France BG094VYBD

Europe: Western UK Everything Everywhere (Orange CCZPIKAIX

Europe: Western Spain Orange Spain BYA48KV5Q

Africa Egypt ECMS BGNZVVONY

Europe: Eastern Romania Orange Romania BI5V7KR0R

Europe: Eastern Poland Orange (Poland) BGRAQVIBV

Africa Côte d'Ivoire Orange Côte d'Ivoire BIZ0IHY7M

Africa Morocco Médi Télécom BGO0Y8Y1A

Africa Cameroon Orange Cameroon BIZ0EI4OA

Americas Dominican Republic Orange Dominicana BGJIUFTAG

Europe: Eastern Slovak Republic Orange Slovak Republic BGRD79XF9

Africa Senegal Orange Senegal BG035D610

Europe: Western Belgium Mobistar BG09UTJGC

Europe: Eastern Moldova Orange Moldova C1CQS2DWV

Europe: Western Switzerland Orange Switzerland BG09IOTXN

Africa Mali Orange Mali BYKQL9TJJ

Middle East Jordan Orange Jordan BGO0E2ESK

Africa Madagascar Orange Madagascar BL0LJZVJ0

Africa Niger Orange Niger C1J93D9CN

Europe: Western Austria Orange Austria C5UNJBG6M

Africa Réunion Orange Réunion BG0VV4LOF

Africa Kenya Orange Kenya BG0UYBC6U

Europe: Western Portugal Sonaecom Servicos ComunicacoC5N04MST7

Europe: Eastern Armenia Orange Armenia C5IDQI00Q

Orange France (France)


Orange Spain (Spain)

ECMS (Egypt)

Orange Romania (Romania)

Orange (Poland) (Poland)

Orange Côte d'Ivoire (Côte d'Ivoire)

Médi Télécom (Morocco)

Orange Cameroon (Cameroon)

Orange Dominicana (Dominican Republic)

0 2 4 6 8 10 12 14 16 18 20 22 24 26 28 30 32Subscriptions (millions)



Americas French West Indies Orange Caraibe French West IndBRG80BYCP

Africa Tunisia Orange Tunisie CAFCEXA7S

Africa Botswana Orange Botswana BJPIG9EW9

Africa Uganda Orange Uganda C5ALM2MB8

Middle East Iraq Korek Telecom BSGDU9DTS

Africa Guinea Republic Orange Guinee BYPS84P0C

Africa Central African Republic Orange Central African Republic C007VB7G3

Africa Mauritius Orange Mauritius BG0VMD4AB

Africa Equatorial Guinea Getesa BGNZY9N27

Asia Pacific Thailand True Move BUZC9II6P

Americas French Guiana Orange Caraibe French Guiana BRFRHDVTR

Africa Guinea-Bissau Orange Bissau BYPS793XN

Europe: Western Luxembourg Orange Luxembourg C00EVFP9J

Asia Pacific Vanuatu Telecom Vanuatu BGR0LIP0X

Europe: Western Liechtenstein Orange Liechtenstein BWGYI2DWI

Africa Mayotte Orange Mayotte C3K94MLI5

Americas Netherlands Antilles East Caribbean Cellular BGXV94V6N



Orange France (France) 29,734,000 29,734,000 46.74%

Everything Everywhere (Orange & T-Mobile JV) (UK) 15,515,000 31,030,000 40.01%

Orange Spain (Spain) 13,272,300 13,272,300 23.50%

ECMS (Egypt) 10,809,799 29,729,920 42.47%

Orange Romania (Romania) 10,031,480 10,363,100 37.26%

Orange (Poland) (Poland) 7,224,761 14,493,000 30.73%

Orange Côte d'Ivoire (Côte d'Ivoire) 4,893,450 5,757,000 36.21%

Médi Télécom (Morocco) 4,448,000 11,120,000 38.58%

Orange Cameroon (Cameroon) 3,919,305 3,939,000 46.19%

Orange Dominicana (Dominican Republic) 2,927,010 2,927,010 32.77%

Orange Slovak Republic (Slovak Republic) 2,867,000 2,867,000 46.41%

Orange Senegal (Senegal) 2,211,912 5,225,400 58.31%

Mobistar (Belgium) 2,107,536 3,984,000 32.83%

Orange Moldova (Moldova) 1,676,780 1,711,000 58.61%

Orange Switzerland (Switzerland) 1,572,100 1,572,100 16.67%

Orange Mali (Mali) 1,483,367 5,006,300 65.70%

Orange Jordan (Jordan) 1,105,221 2,167,100 30.87%

Orange Madagascar (Madagascar) 886,348 2,212,000 37.41%

Orange Niger (Niger) 783,200 979,000 25.83%

Orange Austria (Austria) 776,580 2,218,800 17.96%

Orange Réunion (Réunion) 672,900 672,900 44.28%

Orange Kenya (Kenya) 640,760 1,600,300 6.54%

Sonaecom Servicos Comunicacoes (Portugal) 627,400 3,137,000 18.45%

Orange Armenia (Armenia) 617,000 617,000 15.96%


Total Subscriptions

Orange France (France)


Orange Spain (Spain)

ECMS (Egypt)

Orange Romania (Romania)

Orange (Poland) (Poland)

Orange Côte d'Ivoire (Côte d'Ivoire)

Médi Télécom (Morocco)

Orange Cameroon (Cameroon)

Orange Dominicana (Dominican Republic)

0 2 4 6 8 10 12 14 16 18 20 22 24 26 28 30 32Subscriptions (millions)



Orange Caraibe French West Indies (French West Indies) 575,300 575,300 46.70%

Orange Tunisie (Tunisia) 426,001 869,390 7.73%

Orange Botswana (Botswana) 420,240 824,000 31.48%

Orange Uganda (Uganda) 410,008 773,600 5.48%

Korek Telecom (Iraq) 404,800 2,000,000 8.52%

Orange Guinee (Guinea Republic) 363,169 953,200 20.78%

Orange Central African Republic (Central African Republic) 318,000 318,000 29.58%

Orange Mauritius (Mauritius) 272,000 680,000 54.49%

Getesa (Equatorial Guinea) 164,000 410,000 69.14%

True Move (Thailand) 132,755 17,467,700 23.50%

Orange Caraibe French Guiana (French Guiana) 123,090 123,090 57.80%

Orange Bissau (Guinea-Bissau) 89,020 210,300 24.46%

Orange Luxembourg (Luxembourg) 47,980 90,700 12.41%

Telecom Vanuatu (Vanuatu) 36,463 109,400 45.24%

Orange Liechtenstein (Liechtenstein) 7,990 7,990 25.54%

Orange Mayotte (Mayotte) 5,360 5,360 2.44%

East Caribbean Cellular (Netherlands Antilles) 425 1,250 0.37%


1 3

1 4

3 4

2 3

1 6

1 6

1 5

2 3

2 2

2 4

1 3

1 3

2 3

1 4

3 3

1 2

3 4

2 4

2 4

3 4

2 3

3 4

3 3

3 3

1 4

3 3

2 3

5 7

3 4

2 5

2 4

1 3

1 2

3 6

1 3

2 3

3 3

2 2

2 4

3 3

5 5

France Telecom

France Telecom investment footprint



Hutchison Whampoa

Region Country Operator Operator ID Q1 2011 Q1 2011 Q1 2011 POPs equity POPs Q4 2010 Q4 2010 Q4 2010 Q1 2011-Q4 2010 Notes

ownership ownership

Asia Pacific Australia 3 Australia BGUZ0XAE2 43.94% 2,855,200 1,254,575 21,257,000 9,340,326 43.94% 2,780,000 1,221,532 33,043

Asia Pacific Australia Vodafone Australia BGQR9TVL3 43.94% 4,501,500 1,977,959 21,257,000 9,340,326 43.94% 4,454,000 1,957,088 20,871

Asia Pacific Hong Kong Hutchison Hong Kong BGRPN007T 49.37% 2,888,900 1,426,250 7,383,000 3,644,987 49.37% 2,835,000 1,399,640 26,610

Asia Pacific Indonesia 3 Indonesia BUN03F339 60.00% 13,270,000 7,962,000 238,246,000 142,947,600 60.00% 12,400,000 7,440,000 522,000

Asia Pacific Macau Hutchison Telecom BGRDUF3JC 69.60% 360,600 250,978 488,500 339,996 69.60% 355,000 247,080 3,898

Asia Pacific Sri Lanka Hutchison Sri Lanka BP0MRFX1W 100.00% 1,300,000 1,300,000 19,530,500 19,530,500 100.00% 1,200,000 1,200,000 100,000

Asia Pacific Vietnam Hutchison Vietnam BRKD0BD7S 100.00% 7,490,000 7,490,000 90,263,500 90,263,500 100.00% 6,638,600 6,638,600 851,400

Europe: Western Austria Hutchison 3G Austria BG0SYKD5F 100.00% 1,154,800 1,154,800 8,427,000 8,427,000 100.00% 1,086,600 1,086,600 68,200

Europe: Western Denmark HI3G Denmark BGNMPVD9X 60.00% 648,500 389,100 5,467,500 3,280,500 60.00% 622,000 373,200 15,900

Europe: Western Ireland Hutchison 3G Ireland BP804M5LQ 100.00% 270,700 270,700 4,488,000 4,488,000 100.00% 300,000 300,000 -29,300

Europe: Western Italy H3G BGQRY0RGT 95.40% 6,258,800 5,970,895 58,990,538 56,276,975 95.40% 6,185,280 5,900,757 70,138

Europe: Western Sweden HI3G BGNZRHVG3 60.00% 1,292,300 775,380 9,221,500 5,532,900 60.00% 1,244,000 746,400 28,980

Europe: Western UK Hutchison 3G UK BGO0G26O5 100.00% 5,667,200 5,667,200 61,390,000 61,390,000 100.00% 5,500,000 5,500,000 167,200

Region Q1 2011 Q1 2011

Africa 0 0

Americas 0 0

Asia Pacific 32,666,200 21,661,761

Europe: Eastern 0 0

Europe: Western 15,292,300 14,228,075

Middle East 0 0

USA/Canada 0 0

Total 47,958,500 35,889,837









Historical DataContents Forecast Data Top Networks Company Footprint

Hutchison Whampoa

Total subscriptions


Asia Pacific Australia 3 Australia BGUZ0XAE2 43.94% 3,017,000

Asia Pacific Australia Vodafone Australia BGQR9TVL3 43.94% 4,809,000

Asia Pacific Hong Kong Hutchison Hong Kong BGRPN007T 49.37% 2,990,000

Asia Pacific Indonesia 3 Indonesia BUN03F339 60.00% 16,412,000

Asia Pacific Macau Hutchison Telecom BGRDUF3JC 69.60% 429,000

Asia Pacific Sri Lanka Hutchison Sri Lanka BP0MRFX1W 100.00% 1,544,000

Asia Pacific Vietnam Hutchison Vietnam BRKD0BD7S 100.00% 9,653,000

Europe: Western Austria Hutchison 3G Austria BG0SYKD5F 100.00% 1,345,400

Europe: Western Denmark HI3G Denmark BGNMPVD9X 60.00% 650,700

Europe: Western Ireland Hutchison 3G Ireland BP804M5LQ 100.00% 303,000

Europe: Western Italy H3G BGQRY0RGT 95.40% 6,167,000

Europe: Western Sweden HI3G BGNZRHVG3 60.00% 1,381,500

Europe: Western UK Hutchison 3G UK BGO0G26O5 100.00% 6,193,000




Asia Pacific Australia 3 Australia BGUZ0XAE2 43.94% 1,325,670

Asia Pacific Australia Vodafone Australia BGQR9TVL3 43.94% 2,113,075

Asia Pacific Hong Kong Hutchison Hong Kong BGRPN007T 49.37% 1,476,163

Asia Pacific Indonesia 3 Indonesia BUN03F339 60.00% 9,847,200

Asia Pacific Macau Hutchison Telecom BGRDUF3JC 69.60% 298,584

Asia Pacific Sri Lanka Hutchison Sri Lanka BP0MRFX1W 100.00% 1,544,000

Asia Pacific Vietnam Hutchison Vietnam BRKD0BD7S 100.00% 9,653,000

Europe: Western Austria Hutchison 3G Austria BG0SYKD5F 100.00% 1,345,400

Europe: Western Denmark HI3G Denmark BGNMPVD9X 60.00% 390,420

Europe: Western Ireland Hutchison 3G Ireland BP804M5LQ 100.00% 303,000

Europe: Western Italy H3G BGQRY0RGT 95.40% 5,883,318

Europe: Western Sweden HI3G BGNZRHVG3 60.00% 828,900

Europe: Western UK Hutchison 3G UK BGO0G26O5 100.00% 6,193,000




3,277,000 3,529,000 3,787,000 4,048,000 4,302,300

5,138,000 5,451,000 5,755,000 6,049,000 6,328,000

3,214,000 3,391,000 3,546,000 3,677,000 3,792,000

20,000,000 22,104,000 23,670,000 24,840,000 25,771,000

458,000 486,000 509,000 527,000 542,000

1,809,000 2,001,000 2,153,000 2,274,000 2,366,000

11,328,000 12,795,000 14,021,000 15,053,000 15,947,000

1,507,000 1,639,000 1,754,000 1,855,000 1,942,000

687,000 732,000 783,000 839,000 891,000

310,800 317,400 329,000 345,000 365,800

6,238,000 6,347,000 6,484,000 6,645,000 6,825,000

1,521,000 1,635,000 1,744,000 1,845,000 1,938,000

6,831,000 7,234,000 7,669,000 8,093,000 8,509,000

62,318,800 67,661,400 72,204,000 76,090,000 79,519,100


1,439,914 1,550,643 1,664,008 1,778,691 1,890,431

2,257,637 2,395,169 2,528,747 2,657,931 2,780,523

1,586,752 1,674,137 1,750,660 1,815,335 1,872,110

12,000,000 13,262,400 14,202,000 14,904,000 15,462,600

318,768 338,256 354,264 366,792 377,232

1,809,000 2,001,000 2,153,000 2,274,000 2,366,000

11,328,000 12,795,000 14,021,000 15,053,000 15,947,000

1,507,000 1,639,000 1,754,000 1,855,000 1,942,000

412,200 439,200 469,800 503,400 534,600

310,800 317,400 329,000 345,000 365,800

5,951,052 6,055,038 6,185,736 6,339,330 6,511,050

912,600 981,000 1,046,400 1,107,000 1,162,800

6,831,000 7,234,000 7,669,000 8,093,000 8,509,000

46,664,723 50,682,243 54,127,615 57,092,479 59,721,146


Hutchison Whampoa

Hutchison Whampoa top 10 networks by proportionate subscriptions, Q1 2011

Hutchison Whampoa networks by proportionate subscriptions


Asia Pacific Indonesia 3 Indonesia BUN03F339

Asia Pacific Vietnam Hutchison Vietnam BRKD0BD7S

Europe: Western Italy H3G BGQRY0RGT

Europe: Western UK Hutchison 3G UK BGO0G26O5

Asia Pacific Australia Vodafone Australia BGQR9TVL3

Asia Pacific Hong Kong Hutchison Hong Kong BGRPN007T

Asia Pacific Sri Lanka Hutchison Sri Lanka BP0MRFX1W

Asia Pacific Australia 3 Australia BGUZ0XAE2

Europe: Western Austria Hutchison 3G Austria BG0SYKD5F

Europe: Western Sweden HI3G BGNZRHVG3

Europe: Western Denmark HI3G Denmark BGNMPVD9X

Europe: Western Ireland Hutchison 3G Ireland BP804M5LQ

Asia Pacific Macau Hutchison Telecom BGRDUF3JC


3 Indonesia (Indonesia)

Hutchison Vietnam (Vietnam)

H3G (Italy)

Hutchison 3G UK (UK)

Vodafone Australia (Australia)

Hutchison Hong Kong (Hong Kong)

Hutchison Sri Lanka (Sri Lanka)

3 Australia (Australia)

Hutchison 3G Austria (Austria)

HI3G (Sweden)

0 1 2 3 4 5 6 7 8 9





3 Indonesia (Indonesia) 7,962,000 13,270,000 6.21%

Hutchison Vietnam (Vietnam) 7,490,000 7,490,000 5.72%

H3G (Italy) 5,970,895 6,258,800 7.11%

Hutchison 3G UK (UK) 5,667,200 5,667,200 7.31%

Vodafone Australia (Australia) 1,977,959 4,501,500 15.98%

Hutchison Hong Kong (Hong Kong) 1,426,250 2,888,900 26.82%

Hutchison Sri Lanka (Sri Lanka) 1,300,000 1,300,000 7.25%

3 Australia (Australia) 1,254,575 2,855,200 10.14%

Hutchison 3G Austria (Austria) 1,154,800 1,154,800 9.35%

HI3G (Sweden) 775,380 1,292,300 9.89%

HI3G Denmark (Denmark) 389,100 648,500 9.01%

Hutchison 3G Ireland (Ireland) 270,700 270,700 5.20%

Hutchison Telecom (Macau) 250,978 360,600 32.83%


Total Subscriptions

3 Indonesia (Indonesia)

Hutchison Vietnam (Vietnam)

H3G (Italy)

Hutchison 3G UK (UK)

Vodafone Australia (Australia)


Hutchison Sri Lanka (Sri Lanka)

3 Australia (Australia)

Hutchison 3G Austria (Austria)

HI3G (Sweden)

0 1 2 3 4 5 6 7 8 9





4 8

4 7

4 4

4 4

3 4

1 5

5 5

4 4

4 4

4 5

4 5

4 4

2 4

Hutchison Whampoa

Hutchison Whampoa investment footprint



KDDI


ownership

Asia Pacific Japan KDDI BGXYAKWI1 100.00%

Asia Pacific Mongolia Mobicom BGQE12IOV 30.01%

Region Q1 2011 Q1 2011

Africa 0 0

Americas 0 0

Asia Pacific 59,277,700 58,390,647

Europe: Eastern 0 0

Europe: Western 0 0

Middle East 0 0

USA/Canada 0 0

Total 59,277,700 58,390,647






ownership

58,010,300 58,010,300 127,772,000 127,772,000 100.00% 57,210,000 57,210,000

1,267,400 380,347 2,694,500 808,619 30.01% 1,234,190 370,380






Q1 2011-Q4 2010


800,300

9,966

KDDI

Total subscriptions


Asia Pacific Japan KDDI BGXYAKWI1 100.00% 33,383,000

Asia Pacific Mongolia Mobicom BGQE12IOV 30.01% 1,301,000




Asia Pacific Japan KDDI BGXYAKWI1 100.00% 33,383,000

Asia Pacific Mongolia Mobicom BGQE12IOV 30.01% 390,430




34,311,000 35,297,000 36,429,000 37,545,000 38,625,000

1,361,000 1,409,000 1,438,000 1,453,000 1,461,000

35,672,000 36,706,000 37,867,000 38,998,000 40,086,000


34,311,000 35,297,000 36,429,000 37,545,000 38,625,000

408,436 422,841 431,544 436,045 438,446

34,719,436 35,719,841 36,860,544 37,981,045 39,063,446


KDDI

KDDI top 10 networks by proportionate subscriptions, Q1 2011

KDDI networks by proportionate subscriptions


Asia Pacific Japan KDDI BGXYAKWI1

Asia Pacific Mongolia Mobicom BGQE12IOV


KDDI (Japan)

Mobicom (Mongolia)

0 10,000,000 20,000,000 30,000,000 40,000,000 50,000,000 60,000,000 70,000,000Subscriptions (millions)




KDDI (Japan) 58,010,300 58,010,300 48.53% 2

Mobicom (Mongolia) 380,347 1,267,400 53.15% 1


Total Subscriptions

KDDI (Japan)

Mobicom (Mongolia)

0 10,000,000 20,000,000 30,000,000 40,000,000 50,000,000 60,000,000 70,000,000Subscriptions (millions)



Number of operators

4

4

KDDI

KDDI investment footprint



KPN


ownership

Europe: Western Belgium KPN Group Belgium C97I960G2 100.00% 3,102,400

Europe: Western Germany E-Plus BG0AR6M0H 100.00% 19,154,400

Europe: Western Netherlands KPN Mobile BG0AN2Y3Y 100.00% 9,163,600

Europe: Western Spain Simyo Spain C3B0RRU93 100.00% 524,800

Europe: Western France KPN France C7QQR4M90 100.00% 466,600

Region Q1 2011 Q1 2011


Africa 0 0

Americas 0 0

Asia Pacific 0 0

Europe: Eastern 0 0

Europe: Western 31,945,200 31,945,200

Middle East 0 0

USA/Canada 0 0

Total 31,945,200 31,945,200






ownership

3,102,400 10,509,500 10,509,500 100.00% 3,250,400 3,250,400

19,154,400 82,396,231 82,396,231 100.00% 18,792,840 18,792,840

9,163,600 16,484,500 16,484,500 100.00% 9,252,050 9,252,050

524,800 44,937,000 44,937,000 100.00% 484,900 484,900

466,600 44,937,000 44,937,000 100.00% 400,000 400,000





Q1 2011-Q4 2010 Notes

-148,000

361,560

-88,450

39,900

66,600


Subscriptions include MVNO and Service providers, including Simyo

MVNO in a market where KPN does not have a physical network

MVNO in a market where KPN does not have a physical network. Subscriptions include Simyo and Ortel.

KPN

Total subscriptions





Europe: Western Spain Simyo Spain C3B0RRU93 100.00% 0

Europe: Western France KPN France C7QQR4M90 100.00% 0







Europe: Western Spain Simyo Spain C3B0RRU93 100.00% 0

Europe: Western France KPN France C7QQR4M90 100.00% 0



F9


F10


F18


F19



3,840,000 4,054,100 4,190,000 4,295,000 4,372,000

20,189,000 20,670,000 21,202,000 21,791,000 22,407,000

9,954,000 10,181,000 10,381,000 10,553,000 10,694,000

0 0 0 0 0

0 0 0 0 0

33,983,000 34,905,100 35,773,000 36,639,000 37,473,000


3,840,000 4,054,100 4,190,000 4,295,000 4,372,000

20,189,000 20,670,000 21,202,000 21,791,000 22,407,000

9,954,000 10,181,000 10,381,000 10,553,000 10,694,000

0 0 0 0 0

0 0 0 0 0

33,983,000 34,905,100 35,773,000 36,639,000 37,473,000


G9


H9


I9


J9


K9


G10


H10


I10


J10


K10


G18


H18


I18


J18


K18


G19


H19


I19


J19


K19


KPN

KPN top 10 networks by proportionate subscriptions, Q1 2011

KPN networks by proportionate subscriptions


Europe: Western Germany E-Plus BG0AR6M0H

Europe: Western Netherlands KPN Mobile BG0AN2Y3Y

Europe: Western Belgium KPN Group Belgium C97I960G2

Europe: Western Spain Simyo Spain C3B0RRU93

Europe: Western France KPN France C7QQR4M90

*MVNO


E-Plus (Germany)

KPN Mobile (Netherlands)

KPN Group Belgium (Belgium)

Simyo Spain (Spain)

KPN France (France)

0 2 4 6 8 10 12 14 16 18 20 22Subscriptions (millions)

Source: World Cellular InvestorsCellular Investors



E-Plus (Germany) 19,154,400 19,154,400 18.40%

KPN Mobile (Netherlands) 9,163,600 9,163,600 49.58%

KPN Group Belgium (Belgium) 3,102,400 3,102,400 25.56%

Simyo Spain (Spain) 524,800 524,800 * n/a

KPN France (France) 466,600 466,600 * n/a


E-Plus (Germany)

KPN Mobile (Netherlands)

KPN Group Belgium (Belgium)

Simyo Spain (Spain)

KPN France (France)

0 2 4 6 8 10 12 14 16 18 20 22Subscriptions (millions)

Source: World Cellular InvestorsCellular Investors



3 4

1 3

3 3

* n/a * n/a

* n/a * n/a

KPN

KPN investment footprint



Millicom International Cellular (MIC)


ownership

Africa Chad Millicom BPGH3OCLS 100.00%

Africa Oasis Telecom BP0M0DCX5 100.00%

Africa Ghana Millicom Ghana BGO094KRY 100.00%

Africa Mauritius Emtel Mauritius BGO0VZPW0 50.00%

Africa Rwanda Tigo Rwanda C5IY34A30 87.50%

Africa Senegal Sentel BGO1M8TFE 100.00%

Africa Tanzania Tigo Tanzania BGP792M6W 100.00%

Americas Bolivia Telecel Bolivia BGSIMBM66 100.00%

Americas Colombia Colombia Movil BJOAVI395 50.01%

Americas El Salvador Telemóvil BGQDPOGW5 100.00%

Americas Guatemala Comunicaciones Celulares Guatemala BGQE3X4K8 55.00%

Americas Honduras Celtel BGQD5XUP2 100.00%

Americas Paraguay Telecel Paraguay BGRQVXLRO 100.00%

Asia Pacific Laos Tigo Laos BJ6GH441J 74.10%

Region Q1 2011 Q1 2011


Africa 15,512,080 15,201,925

Americas 24,251,190 19,062,671

Asia Pacific 534,800 396,287

Europe: Eastern 0 0

Europe: Western 0 0

Middle East 0 0

USA/Canada 0 0

Total 40,298,070 34,660,883






ownership

1,544,550 1,544,550 11,558,000 11,558,000 100.00% 1,429,350

2,149,950 2,149,950 67,983,000 67,983,000 100.00% 2,156,150

3,572,510 3,572,510 24,654,500 24,654,500 100.00% 3,525,150

477,920 238,960 1,286,000 643,000 50.00% 475,980

569,560 498,365 10,678,250 9,343,469 87.50% 549,530

2,526,330 2,526,330 13,157,000 13,157,000 100.00% 2,356,060

4,671,260 4,671,260 43,035,500 43,035,500 100.00% 4,477,510

2,501,490 2,501,490 9,946,000 9,946,000 100.00% 2,404,410

4,441,760 2,221,324 47,595,500 23,802,509 50.01% 4,293,420

2,792,610 2,792,610 7,094,500 7,094,500 100.00% 2,728,150

6,595,740 3,627,657 14,210,500 7,815,775 55.00% 6,308,500

4,428,230 4,428,230 7,463,500 7,463,500 100.00% 4,448,300

3,491,360 3,491,360 6,404,500 6,404,500 100.00% 3,441,420

534,800 396,287 6,122,000 4,536,402 74.10% 390,000





Q4 2010 Q1 2011-Q4 2010 Notes

1,429,350 115,200

2,156,150 -6,200 Stake held through MIC Africa

3,525,150 47,360 Stake held through MIC Africa

237,990 970 Stake held through Sanbao Telecom

480,839 17,526



2,404,410 97,080 Stake held through MIC Latin America




4,448,300 -20,070 Stake held through MIC Latin America


288,990 107,297




Total subscriptions


Africa Chad Millicom BPGH3OCLS

Africa Democratic Rep of Congo (ex-Zaire) Oasis Telecom BP0M0DCX5

Africa Ghana Millicom Ghana BGO094KRY

Africa Mauritius Emtel Mauritius BGO0VZPW0

Africa Rwanda Tigo Rwanda C5IY34A30

Africa Senegal Sentel BGO1M8TFE

Africa Tanzania Tigo Tanzania BGP792M6W

Americas Bolivia Telecel Bolivia BGSIMBM66

Americas Colombia Colombia Movil BJOAVI395

Americas El Salvador Telemóvil BGQDPOGW5

Americas Guatemala Comunicaciones Celulares Guatemala BGQE3X4K8

Americas Honduras Celtel BGQD5XUP2

Americas Paraguay Telecel Paraguay BGRQVXLRO

Asia Pacific Laos Tigo Laos BJ6GH441J

Total subscriptions




Africa Democratic Rep of Congo (ex-Zaire) Oasis Telecom BP0M0DCX5















Stake Dec 11 Dec 12 Dec 13 Dec 14 Dec 15 Dec 16

100.00% 1,889,000 2,274,600 2,569,000 2,783,000 2,945,000 3,073,000

100.00% 2,621,000 3,148,000 3,690,000 4,257,000 4,843,000 5,444,000

100.00% 4,104,600 4,622,900 5,017,600 5,353,400 5,642,200 5,896,000

50.00% 508,000 532,000 550,000 560,000 568,000 574,000

87.50% 1,152,000 1,418,000 1,601,200 1,724,400 1,781,000 1,787,000

100.00% 2,363,500 2,399,000 2,454,000 2,524,000 2,607,000 2,696,000

100.00% 5,367,000 6,243,000 7,048,000 7,808,000 8,521,000 9,190,000

100.00% 2,917,000 3,241,000 3,519,000 3,791,000 3,994,000 4,144,000

50.01% 5,152,000 6,081,000 6,732,000 7,256,000 7,786,000 8,301,000

100.00% 2,756,000 2,848,000 2,959,000 3,055,000 3,130,000 3,191,000

55.00% 6,795,000 7,080,000 7,272,000 7,395,000 7,495,000 7,583,000

100.00% 4,534,300 4,699,100 4,918,000 5,156,000 5,360,000 5,526,000

100.00% 3,870,000 4,213,000 4,505,000 4,736,000 4,897,000 5,021,000

74.10% 450,000 524,000 595,000 658,000 713,000 759,000

44,479,400 49,323,600 53,429,800 57,056,800 60,282,200 63,185,000


100.00% 1,889,000 2,274,600 2,569,000 2,783,000 2,945,000 3,073,000

100.00% 2,621,000 3,148,000 3,690,000 4,257,000 4,843,000 5,444,000

100.00% 4,104,600 4,622,900 5,017,600 5,353,400 5,642,200 5,896,000

50.00% 254,000 266,000 275,000 280,000 284,000 287,000

87.50% 1,008,000 1,240,750 1,401,050 1,508,850 1,558,375 1,563,625

100.00% 2,363,500 2,399,000 2,454,000 2,524,000 2,607,000 2,696,000

100.00% 5,367,000 6,243,000 7,048,000 7,808,000 8,521,000 9,190,000

100.00% 2,917,000 3,241,000 3,519,000 3,791,000 3,994,000 4,144,000

50.01% 2,576,515 3,041,108 3,366,673 3,628,725 3,893,778 4,151,330

100.00% 2,756,000 2,848,000 2,959,000 3,055,000 3,130,000 3,191,000

55.00% 3,737,250 3,894,000 3,999,600 4,067,250 4,122,250 4,170,650

100.00% 4,534,300 4,699,100 4,918,000 5,156,000 5,360,000 5,526,000

100.00% 3,870,000 4,213,000 4,505,000 4,736,000 4,897,000 5,021,000

74.10% 333,450 388,284 440,895 487,578 528,333 562,419

38,331,615 42,518,742 46,162,818 49,435,803 52,325,936 54,916,024



Millicom International Cellular top 10 networks by proportionate subscriptions, Q1 2011

MIC networks by proportionate subscriptions











Africa Democratic Rep ofOasis Telecom BP0M0DCX5






Tigo Tanzania (Tanzania)

Celtel (Honduras)

Comunicaciones Celulares Guatemala (Guatemala)

Millicom Ghana (Ghana)

Telecel Paraguay (Paraguay)

Telemóvil (El Salvador)

Sentel (Senegal)

Telecel Bolivia (Bolivia)

Colombia Movil (Colombia)

Oasis Telecom (Democratic Rep of Congo (ex-Zaire))

0 1 2 3 4 5Subscriptions (millions)




Tigo Tanzania (Tanzania) 4,671,260 4,671,260 23.01%

Celtel (Honduras) 4,428,230 4,428,230 53.46%

Comunicaciones Celulares Guatemala (Guatemala) 3,627,657 6,595,740 50.35%

Millicom Ghana (Ghana) 3,572,510 3,572,510 20.35%

Telecel Paraguay (Paraguay) 3,491,360 3,491,360 53.57%

Telemóvil (El Salvador) 2,792,610 2,792,610 37.54%

Sentel (Senegal) 2,526,330 2,526,330 28.19%

Telecel Bolivia (Bolivia) 2,501,490 2,501,490 34.02%

Colombia Movil (Colombia) 2,221,324 4,441,760 10.03%

Oasis Telecom (Democratic Rep of Congo (ex-Zaire)) 2,149,950 2,149,950 17.06%

Millicom (Chad) 1,544,550 1,544,550 51.48%

Tigo Rwanda (Rwanda) 498,365 569,560 17.76%

Tigo Laos (Laos) 396,287 534,800 14.22%

Emtel Mauritius (Mauritius) 238,960 477,920 38.30%


Total Subscriptions

Tigo Tanzania (Tanzania)

Celtel (Honduras)

Comunicaciones Celulares Guatemala (Guatemala)

Millicom Ghana (Ghana)

Telecel Paraguay (Paraguay)

Telemóvil (El Salvador)

Sentel (Senegal)

Telecel Bolivia (Bolivia)

Colombia Movil (Colombia)

Oasis Telecom (Democratic Rep of Congo (ex-Zaire))





3 7

1 4

1 4

2 5

1 4

1 5

2 3

2 3

3 3

3 6

1 3

2 2

3 4

2 3


Millicom International Cellular (MIC) investment footprint



MTN


ownership

Africa Benin Spacetel Benin BGNY8O73D 75.00%

Africa Botswana Mascom Wireless BGNYD9NPA 53.00%

Africa Cameroon MTN Cameroon BGP7DO174 70.00%

Africa Congo MTN Congo BUZISMMLL 100.00%

Africa Côte d'Ivoire MTN Cote d'Ivoire BUZIS9JNA 59.70%

Africa Supercell BNI9L20RX 38.50%

Africa Ghana MTN Ghana BGO0NBMO0 97.65%

Africa Guinea-Bissau Spacetel BN6ZEFTWQ 100.00%

Africa Guinea Republic Investcom Guinée BWWJD2K6S 100.00%

Africa Liberia BGO0NT427 60.00%

Africa Nigeria MTN Nigeria BGO11XRLG 76.08%

Africa Rwanda MTN Rwanda BGO1IZVS3 55.00%

Africa South Africa MTN BGO1N8PL4 100.00%

Africa Sudan MTN Sudan C1OVMM95H 85.00%

Africa Swaziland MTN Swaziland BGO1RH36Y 30.00%

Africa Uganda MTN Uganda BGP4I0037 95.00%

Africa Zambia MTN Zambia BUZIRZN22 90.00%

Europe: Western Cyprus MTN Cyprus C97L9X7CJ 50.00%

Middle East Afghanistan MTN Afghanistan BW8DCM6J8 90.90%

Middle East Iran MTN Irancell BU5V18154 49.00%

Middle East Syria MTN Syria C1OVMXFP4 75.00%

Middle East Yemen MTN Yemen C1OVPO4LE 82.80%

Region Q1 2011 Q1 2011


Africa 103,195,680 85,451,923

Americas 0 0

Asia Pacific 0 0

Europe: Eastern 0 0


Middle East 43,477,000 25,344,347

USA/Canada 0 0

Total 146,922,680 110,921,270



Lonestar Communications Corporation




ownership

2,245,000 1,683,750 9,734,000 7,300,500 75.00% 2,144,000

1,445,000 765,850 1,941,000 1,028,730 53.00% 1,414,000

4,589,000 3,212,300 19,475,500 13,632,850 70.00% 4,792,000

1,725,000 1,725,000 3,971,000 3,971,000 100.00% 1,666,000

5,406,000 3,227,382 20,196,000 12,057,012 59.70% 5,381,000

3,080 1,186 67,983,000 26,173,455 38.50% 4,230

9,070,000 8,856,855 24,654,500 24,075,120 97.65% 8,721,000

570,000 570,000 1,827,500 1,827,500 100.00% 568,000

2,002,000 2,002,000 9,925,500 9,925,500 100.00% 1,761,000

795,000 477,000 4,224,000 2,534,400 60.00% 746,000

40,211,000 30,592,530 156,617,500 119,154,597 76.08% 38,669,000

2,638,000 1,450,900 10,464,500 5,755,475 55.00% 2,547,000

19,197,000 19,197,000 49,144,000 49,144,000 100.00% 18,842,000

4,016,000 3,413,600 40,797,000 34,677,450 85.00% 3,475,000

678,000 203,400 1,156,500 346,950 30.00% 726,000

6,562,600 6,234,470 33,530,500 31,853,975 95.00% 6,139,850

2,043,000 1,838,700 12,510,500 11,259,450 90.00% 1,900,000

250,000 125,000 877,500 438,750 50.00% 241,000

4,189,000 3,807,801 29,857,000 27,140,013 90.90% 4,045,000

31,391,000 15,381,590 73,790,500 36,157,345 49.00% 29,743,000

4,920,000 3,690,000 21,174,500 15,880,875 75.00% 4,898,000

2,977,000 2,464,956 24,137,000 19,985,437 82.80% 2,856,000





Q4 2010 Q1 2011-Q4 2010 Notes

1,608,000 75,750

749,420 16,430

3,354,400 -142,100

1,666,000 59,000

3,212,457 14,925

1,629 -443 Stake held through MTN Rwandcell

8,516,057 340,799

568,000 2,000

1,761,000 241,000

447,600 29,400

29,419,376 1,173,154

1,400,850 50,050

18,842,000 355,000

2,953,750 459,850

217,800 -14,400

5,832,858 401,613

1,710,000 128,700

120,500 4,500

3,676,905 130,896

14,574,070 807,520

3,673,500 16,500

2,364,768 100,188



MTN

Total subscriptions


Africa Benin Spacetel Benin BGNY8O73D

Africa Botswana Mascom Wireless BGNYD9NPA

Africa Cameroon MTN Cameroon BGP7DO174

Africa Congo MTN Congo BUZISMMLL

Africa Côte d'Ivoire MTN Cote d'Ivoire BUZIS9JNA

Africa Democratic Rep of Congo (ex-Zaire) Supercell BNI9L20RX

Africa Ghana MTN Ghana BGO0NBMO0

Africa Guinea-Bissau Spacetel BN6ZEFTWQ

Africa Guinea Republic Investcom Guinée BWWJD2K6S

Africa Liberia Lonestar Communications Corporation BGO0NT427

Africa Nigeria MTN Nigeria BGO11XRLG

Africa Rwanda MTN Rwanda BGO1IZVS3

Africa South Africa MTN BGO1N8PL4

Africa Sudan MTN Sudan C1OVMM95H

Africa Swaziland MTN Swaziland BGO1RH36Y

Africa Uganda MTN Uganda BGP4I0037

Africa Zambia MTN Zambia BUZIRZN22

Europe: Western Cyprus MTN Cyprus C97L9X7CJ

Middle East Afghanistan MTN Afghanistan BW8DCM6J8

Middle East Iran MTN Irancell BU5V18154

Middle East Syria MTN Syria C1OVMXFP4

Middle East Yemen MTN Yemen C1OVPO4LE

Total subscriptions








Africa Democratic Rep of Congo (ex-Zaire) Supercell BNI9L20RX




Africa Liberia Lonestar Communications Corporation BGO0NT427
















75.00% 2,611,000 3,154,900 3,612,000 3,994,000 4,315,000 4,582,000

53.00% 1,681,000 1,902,000 2,048,000 2,154,000 2,232,000 2,285,000

70.00% 5,282,900 5,734,000 6,195,000 6,633,000 7,044,000 7,423,000

100.00% 2,034,000 2,301,600 2,477,000 2,602,000 2,697,000 2,774,000

59.70% 5,842,500 6,378,100 6,787,800 7,137,700 7,438,900 7,699,300

38.50% 0 0 0 0 0 0

97.65% 10,108,200 11,256,100 12,023,500 12,591,300 13,002,600 13,295,200

100.00% 654,400 765,300 845,000 896,000 931,000 957,000

100.00% 2,187,000 2,644,700 3,004,000 3,296,000 3,531,000 3,722,000

60.00% 883,000 1,001,000 1,087,000 1,146,000 1,187,000 1,218,000

76.08% 45,493,000 51,785,000 55,875,000 58,745,000 60,566,000 61,766,000

55.00% 3,366,000 3,625,000 3,737,800 3,764,600 3,748,000 3,709,000

100.00% 20,432,000 22,513,000 23,893,000 25,071,000 26,047,000 26,831,000

85.00% 3,506,000 3,575,000 3,654,000 3,737,000 3,820,000 3,903,000

30.00% 771,000 841,000 886,000 918,000 941,000 957,000

95.00% 7,620,000 9,065,000 10,533,000 11,929,000 13,272,000 14,552,000

90.00% 2,174,000 2,587,000 2,991,000 3,339,000 3,632,000 3,879,000

50.00% 291,000 316,000 335,000 350,000 360,000 369,000

90.90% 5,059,000 6,184,000 6,970,000 7,496,000 7,849,000 8,089,000

49.00% 35,259,000 39,605,000 42,895,000 45,248,000 46,824,000 47,776,000

75.00% 5,661,000 6,177,000 6,548,000 6,792,000 6,952,000 7,057,000

82.80% 3,303,000 3,726,000 4,098,000 4,420,000 4,701,000 4,948,000

164,219,000 185,136,700 200,495,100 212,259,600 221,090,500 227,791,500


75.00% 1,958,250 2,366,175 2,709,000 2,995,500 3,236,250 3,436,500

53.00% 890,930 1,008,060 1,085,440 1,141,620 1,182,960 1,211,050

70.00% 3,698,030 4,013,800 4,336,500 4,643,100 4,930,800 5,196,100

100.00% 2,034,000 2,301,600 2,477,000 2,602,000 2,697,000 2,774,000

59.70% 3,487,973 3,807,726 4,052,317 4,261,207 4,441,023 4,596,482

38.50% 0 0 0 0 0 0

97.65% 9,870,657 10,991,582 11,740,948 12,295,405 12,697,039 12,982,763

100.00% 654,400 765,300 845,000 896,000 931,000 957,000

100.00% 2,187,000 2,644,700 3,004,000 3,296,000 3,531,000 3,722,000

60.00% 529,800 600,600 652,200 687,600 712,200 730,800

76.08% 34,611,075 39,398,029 42,509,701 44,693,197 46,078,614 46,991,574

55.00% 1,851,300 1,993,750 2,055,790 2,070,530 2,061,400 2,039,950

100.00% 20,432,000 22,513,000 23,893,000 25,071,000 26,047,000 26,831,000

85.00% 2,980,100 3,038,750 3,105,900 3,176,450 3,247,000 3,317,550

30.00% 231,300 252,300 265,800 275,400 282,300 287,100

95.00% 7,239,000 8,611,750 10,006,350 11,332,550 12,608,400 13,824,400

90.00% 1,956,600 2,328,300 2,691,900 3,005,100 3,268,800 3,491,100

50.00% 145,500 158,000 167,500 175,000 180,000 184,500

90.90% 4,598,631 5,621,256 6,335,730 6,813,864 7,134,741 7,352,901

49.00% 17,276,910 19,406,450 21,018,550 22,171,520 22,943,760 23,410,240

75.00% 4,245,750 4,632,750 4,911,000 5,094,000 5,214,000 5,292,750

82.80% 2,734,884 3,085,128 3,393,144 3,659,760 3,892,428 4,096,944

123,614,090 139,539,006 151,256,770 160,356,803 167,317,716 172,726,704


MTN

MTN top 10 networks by proportionate subscriptions, Q1 2011

MTN networks by proportionate subscriptions




















Africa Liberia Lonestar Communications CorporaBGO0NT427



Africa Democratic Rep of Congo (ex-ZaSupercell BNI9L20RX

MTN Nigeria (Nigeria)

MTN (South Africa)

MTN Irancell (Iran)

MTN Ghana (Ghana)

MTN Uganda (Uganda)

MTN Afghanistan (Afghanistan)

MTN Syria (Syria)

MTN Sudan (Sudan)

MTN Cote d'Ivoire (Côte d'Ivoire)

MTN Cameroon (Cameroon)





MTN Nigeria (Nigeria) 30,592,530 40,211,000 44.42%

MTN (South Africa) 19,197,000 19,197,000 35.24%

MTN Irancell (Iran) 15,381,590 31,391,000 41.05%

MTN Ghana (Ghana) 8,856,855 9,070,000 51.66%

MTN Uganda (Uganda) 6,234,470 6,562,600 46.47%

MTN Afghanistan (Afghanistan) 3,807,801 4,189,000 28.27%

MTN Syria (Syria) 3,690,000 4,920,000 44.38%

MTN Sudan (Sudan) 3,413,600 4,016,000 18.87%

MTN Cote d'Ivoire (Côte d'Ivoire) 3,227,382 5,406,000 34.00%

MTN Cameroon (Cameroon) 3,212,300 4,589,000 53.81%

MTN Yemen (Yemen) 2,464,956 2,977,000 27.29%

Investcom Guinée (Guinea Republic) 2,002,000 2,002,000 43.63%

MTN Zambia (Zambia) 1,838,700 2,043,000 38.52%

MTN Congo (Congo) 1,725,000 1,725,000 44.53%

Spacetel Benin (Benin) 1,683,750 2,245,000 46.36%

MTN Rwanda (Rwanda) 1,450,900 2,638,000 82.24%

Mascom Wireless (Botswana) 765,850 1,445,000 55.20%

Spacetel (Guinea-Bissau) 570,000 570,000 66.29%

Lonestar Communications Corporation (Liberia) 477,000 795,000 45.63%

MTN Swaziland (Swaziland) 203,400 678,000 100.00%

MTN Cyprus (Cyprus) 125,000 250,000 14.28%

Supercell (Democratic Rep of Congo (ex-Zaire)) 1,186 3,080 0.02%


Total Subscriptions

MTN Nigeria (Nigeria)

MTN (South Africa)

MTN Irancell (Iran)

MTN Ghana (Ghana)

MTN Uganda (Uganda)

MTN Afghanistan (Afghanistan)

MTN Syria (Syria)

MTN Sudan (Sudan)

MTN Cote d'Ivoire (Côte d'Ivoire)

MTN Cameroon (Cameroon)





1 10

2 5

2 4

1 5

1 7

2 4

2 2

3 5

2 5

1 2

3 4

1 5

2 3

1 4

1 5

1 2

1 3

1 3

1 4

1 1

3 4

6 6

MTN

MTN investment footprint



MTS


ownership

Europe: Eastern Armenia K-Telecom BPWPED0U6 80.00%

Europe: Eastern Belarus Mobile TeleSystems Belarus BGNY5ZV6Y 49.00%

Europe: Eastern Russia Mobile TeleSystems BGYRM9FO6 100.00%

Europe: Eastern Turkmenistan MTS-Turkmenistan BGNZUOS6J 100.00%

Europe: Eastern Ukraine MTS-Ukraine BGQR86TNK 100.00%

Europe: Eastern Uzbekistan MTS-Uzbekistan BGO01BU7Q 100.00%

Region Q1 2011 Q1 2011


Africa 0 0

Americas 0 0

Asia Pacific 0 0

Europe: Eastern 108,540,000 105,607,500

Europe: Western 0 0

Middle East 0 0

USA/Canada 0 0

Total 108,540,000 105,607,500





ownership

2,550,000 2,040,000 2,990,000 2,392,000 80.00% 2,460,000 1,968,000

4,750,000 2,327,500 9,555,500 4,682,195 49.00% 4,667,400 2,287,026

71,460,000 71,460,000 140,681,500 140,681,500 100.00% 71,450,000 71,450,000

2,390,000 2,390,000 5,130,000 5,130,000 100.00% 2,420,000 2,420,000

18,280,000 18,280,000 45,344,500 45,344,500 100.00% 18,240,000 18,240,000

9,110,000 9,110,000 28,381,000 28,381,000 100.00% 8,790,000 8,790,000






Q1 2011-Q4 2010

72,000

40,474

10,000

-30,000

40,000

320,000


Notes

MTS still owns 100% of MTS-Turkmenistan and is still reporting subscription numbers for the operation. However, since December 2010 MTS has ceased operations in Turkmenistan after having its licence removed by the Turkmen government.

MTS

Total subscriptions








Total subscriptions


Region Country Operator Stake










2,839,500 3,201,000 3,511,000 3,758,000 3,941,000 4,069,000

4,875,000 5,077,100 5,190,100 5,269,500 5,323,300 5,359,100

74,883,000 78,243,000 80,342,000 81,746,000 82,521,000 82,868,000

3,005,100 3,485,000 3,820,000 4,028,000 4,141,000 4,185,000

19,113,000 19,845,000 20,181,000 20,447,000 20,676,000 20,874,000

10,298,000 11,518,000 12,118,000 12,539,000 12,837,000 13,053,000

115,013,600 121,369,100 125,162,100 127,787,500 129,439,300 130,408,100


2,271,600 2,560,800 2,808,800 3,006,400 3,152,800 3,255,200

2,388,750 2,487,779 2,543,149 2,582,055 2,608,417 2,625,959

74,883,000 78,243,000 80,342,000 81,746,000 82,521,000 82,868,000

3,005,100 3,485,000 3,820,000 4,028,000 4,141,000 4,185,000

19,113,000 19,845,000 20,181,000 20,447,000 20,676,000 20,874,000

10,298,000 11,518,000 12,118,000 12,539,000 12,837,000 13,053,000

111,959,450 118,139,579 121,812,949 124,348,455 125,936,217 126,861,159


MTS

MTS top 10 networks by proportionate subscriptions, Q1 2011

MTS networks by proportionate subscriptions


Europe: Eastern Russia Mobile TeleSystems BGYRM9FO6

Europe: Eastern Ukraine MTS-Ukraine BGQR86TNK

Europe: Eastern Uzbekistan MTS-Uzbekistan BGO01BU7Q

Europe: Eastern Turkmenistan MTS-Turkmenistan BGNZUOS6J

Europe: Eastern Belarus Mobile TeleSystems Belarus BGNY5ZV6Y

Europe: Eastern Armenia K-Telecom BPWPED0U6

*10 Large scale Russian operators, including 3 national operators. There are several other smaller regional players


Mobile TeleSystems (Russia)

MTS-Ukraine (Ukraine)

MTS-Uzbekistan (Uzbekistan)

MTS-Turkmenistan (Turkmenistan)

Mobile TeleSystems Belarus (Belarus)

K-Telecom (Armenia)





Mobile TeleSystems (Russia) 71,460,000 71,460,000 32.14%

MTS-Ukraine (Ukraine) 18,280,000 18,280,000 36.47%

MTS-Uzbekistan (Uzbekistan) 9,110,000 9,110,000 41.16%

MTS-Turkmenistan (Turkmenistan) 2,390,000 2,390,000 88.74%

Mobile TeleSystems Belarus (Belarus) 2,327,500 4,750,000 43.08%

K-Telecom (Armenia) 2,040,000 2,550,000 65.96%



Total Subscriptions

Mobile TeleSystems (Russia)

MTS-Ukraine (Ukraine)

MTS-Uzbekistan (Uzbekistan)

MTS-Turkmenistan (Turkmenistan)

Mobile TeleSystems Belarus (Belarus)

K-Telecom (Armenia)





1 10*

2 5

1 5

1 2

1 4

1 3

MTS

MTS investment footprint



NTT DoCoMo


ownership


Asia Pacific Guam DoCoMo Pacific Guam C70IVKOGY 100.00%

Asia Pacific Hong Kong Hutchison Hong Kong BGRPN007T 24.10%

Asia Pacific India Tata Teleservices BGR0EIY0E 26.47%

Asia Pacific India Tata Teleservices Maharashtra BL77789IJ 22.09%

Asia Pacific Japan NTT DoCoMo BGRW04GEI 100.00%

Asia Pacific Korea KT Corp BGWCPF4XL 5.46%

Asia Pacific Northern Marianas DoCoMo Pacific Northern Marianas C794MKL1G 100.00%

Asia Pacific Philippines Smart Communications BGQUEOX50 14.28%

Asia Pacific Taiwan FarEasTone BGRDEV6LI 4.70%

Europe: Eastern Russia Novaya Telefonnaya Companiya BGZ4CF068 4.37%

Region Q1 2011 Q1 2011


Africa 0 0

Americas 0 0

Asia Pacific 231,078,690 93,287,049

Europe: Eastern 1,544,000 67,473

Europe: Western 0 0

Middle East 0 0

USA/Canada 0 0

Total 232,622,690 93,354,521





ownership

17,862,000 5,358,600 165,302,500 49,590,750 30.00% 16,716,000

42,260 42,260 179,500 179,500 100.00% 43,500

2,888,900 696,225 7,383,000 1,779,303 24.10% 2,835,000

68,724,000 18,191,242 1,211,604,000 320,711,570 26.47% 63,242,000

13,991,000 3,090,612 1,211,604,000 267,643,325 22.09% 13,142,000

58,010,300 58,010,300 127,772,000 127,772,000 100.00% 57,210,000

16,299,000 889,925 48,592,500 2,653,151 5.46% 16,041,000

16,430 16,430 87,500 87,500 100.00% 15,710

46,857,500 6,691,251 92,157,500 13,160,091 14.28% 45,636,000

6,387,300 300,203 23,500,000 1,104,500 4.70% 6,360,000

1,544,000 67,473 1,988,000 86,876 4.37% 1,508,400





Q4 2010 Q1 2011-Q4 2010

5,014,800 343,800

43,500 -1,240

683,235 12,990

16,740,157 1,451,085

2,903,068 187,544

57,210,000 800,300

875,839 14,087

15,710 720

6,516,821 174,430

298,920 1,283

65,917 1,556



NTT DoCoMo

Total subscriptions













Total subscriptions

















20,596,000 23,556,900 25,964,000 28,035,000 29,792,000 31,281,000

43,500 45,300 46,100 47,600 49,300 52,000

2,990,000 3,214,000 3,391,000 3,546,000 3,677,000 3,792,000

95,000,000 114,898,000 129,785,000 141,377,000 150,574,000 160,336,000

0 0 0 0 0 0

58,627,000 59,989,000 61,310,000 62,672,000 63,898,000 64,994,100

17,148,000 18,205,000 19,154,000 20,062,000 20,911,000 21,696,600

16,900 17,900 18,700 19,500 20,300 21,400

49,288,000 52,162,000 53,930,000 55,263,000 56,120,000 56,491,000

6,454,000 6,569,000 6,685,000 6,807,000 6,931,000 7,049,000

0 0 0 0 0 0

250,163,400 278,657,100 300,283,800 317,829,100 331,972,600 345,713,100


6,178,800 7,067,070 7,789,200 8,410,500 8,937,600 9,384,300

43,500 45,300 46,100 47,600 49,300 52,000

720,590 774,574 817,231 854,586 886,157 913,872

25,146,499 30,413,500 34,354,089 37,422,491 39,856,937 42,440,938

0 0 0 0 0 0

58,627,000 59,989,000 61,310,000 62,672,000 63,898,000 64,994,100

936,281 993,993 1,045,808 1,095,385 1,141,741 1,184,634

16,900 17,900 18,700 19,500 20,300 21,400

7,038,326 7,448,733 7,701,204 7,891,556 8,013,936 8,066,915

303,338 308,743 314,195 319,929 325,757 331,303

0 0 0 0 0 0

99,011,234 107,058,813 113,396,527 118,733,547 123,129,727 127,389,462


F9

Subscriptions relate to the total subscriptions for Tata, including Maharashtra.

G9


H9


I9


J9


K9


F10

Tata Teleservices Maharashtra is included in the total Tata Teleservices forecast.

G10


H10


I10


J10


K10


F16

Forecast data not available for this operator as this operator is grouped under 'Others'.

G16


H16


I16


J16


K16


F24


G24


H24


I24


J24


K24


F25


G25


H25


I25


J25


K25


F31


G31


H31


I31


J31


K31


NTT DoCoMo

NTT DoCoMo top 10 networks by proportionate subscriptions, Q1 2011

NTT DoCoMo networks by proportionate subscriptions


Asia Pacific Japan NTT DoCoMo BGRW04GEI

Asia Pacific India Tata Teleservices BGR0EIY0E

Asia Pacific Philippines Smart Communications BGQUEOX50

Asia Pacific Bangladesh Robi Axiata CE9WYKS5F

Asia Pacific India Tata Teleservices Maharashtra BL77789IJ

Asia Pacific Korea KT Corp BGWCPF4XL

Asia Pacific Hong Kong Hutchison Hong Kong BGRPN007T

Asia Pacific Taiwan FarEasTone BGRDEV6LI

Europe: Eastern Russia Novaya Telefonnaya Companiya BGZ4CF068

Asia Pacific Guam DoCoMo Pacific Guam C70IVKOGY

Asia Pacific Northern Marian DoCoMo Pacific Northern Marianas C794MKL1G

*Position refers to total subscription base for Tata Teleservices


NTT DoCoMo (Japan)

Tata Teleservices (India)

Smart Communications (Philippines)


Tata Teleservices Maharashtra (India)

KT Corp (Korea)


FarEasTone (Taiwan)

Novaya Telefonnaya Companiya (Russia)




Network (Country)

NTT DoCoMo (Japan) 58,010,300 58,010,300

Tata Teleservices (India) 18,191,242 68,724,000

Smart Communications (Philippines) 6,691,251 46,857,500

Robi Axiata (Bangladesh) 5,358,600 17,862,000

Tata Teleservices Maharashtra (India) 3,090,612 13,991,000

KT Corp (Korea) 889,925 16,299,000

Hutchison Hong Kong (Hong Kong) 696,225 2,888,900

FarEasTone (Taiwan) 300,203 6,387,300

Novaya Telefonnaya Companiya (Russia) 67,473 1,544,000

DoCoMo Pacific Guam (Guam) 42,260 42,260

DoCoMo Pacific Northern Marianas (Northern Marianas) 16,430 16,430


Total Subscriptions

NTT DoCoMo (Japan)

Tata Teleservices (India)

Smart Communications (Philippines)


Tata Teleservices Maharashtra (India)

KT Corp (Korea)


FarEasTone (Taiwan)

Novaya Telefonnaya Companiya (Russia)




Market Share Position in market Number of operators

48.53% 1 4

8.64% 6 15

51.14% 1 5

22.93% 3 6

1.76% 4* 15

31.50% 2 4

26.82% 1 5

23.20% 3 5

0.69% 10 11

28.81% 2 4

24.76% 2 3

NTT DoCoMo

NTT DoCoMo investment footprint



Orascom


ownership

Africa Algeria Orascom Telecom Algeria BEJMVD3FS 96.81%

Africa Burundi U-COM Burundi BGNYCDNTM 100.00%

Africa Central African Republic Telecel CAR BG0UA8CNJ 100.00%


Africa Namibia Cell One BWGEPZC70 100.00%

Africa Tunisia Tunisiana BGP4H6ROO 0.00%

Africa Zimbabwe Telecel Zimbabwe BG20Q07CJ 60.00%

Asia Pacific Bangladesh Orascom Bangladesh C7NLDVLON 100.00%

Asia Pacific North Korea CHEO C3B0G8N2C 75.00%

Asia Pacific Pakistan PMCL BGQS4QDSS 100.00%

Region Q1 2011 Q1 2011


Africa 54,554,470 28,073,239

Americas 0 0

Asia Pacific 53,147,440 53,044,690

Europe: Eastern 0 0

Europe: Western 0 0

Middle East 0 0

USA/Canada 0 0

Total 107,701,910 81,117,929





ownership

15,509,200 15,014,456 35,166,000 34,044,204 96.81% 14,969,800

1,122,400 1,122,400 9,383,500 9,383,500 100.00% 1,030,200

470,900 470,900 4,552,000 4,552,000 100.00% 432,000

29,729,920 10,307,363 83,673,000 29,009,428 34.67% 28,388,000

284,700 284,700 2,143,500 2,143,500 100.00% 275,400

5,981,650 0 10,608,000 0 50.00% 5,929,650

1,455,700 873,420 13,696,000 8,217,600 60.00% 1,579,000

20,126,540 20,126,540 165,302,500 165,302,500 100.00% 19,327,000

411,000 308,250 23,975,000 17,981,250 75.00% 356,100

32,609,900 32,609,900 171,824,000 171,824,000 100.00% 31,794,290





Q4 2010 Q1 2011-Q4 2010 Notes

14,492,263 522,193

1,030,200 92,200

432,000 38,900

9,842,119 465,244

275,400 9,300

2,964,825 -2,964,825

947,400 -73,980

19,327,000 799,540

267,075 41,175

31,794,290 815,610



Orascom

Total subscriptions












Total subscriptions
















16,518,000 18,400,000 20,074,000 21,367,000 22,370,000 23,177,000

0 0 0 0 0 0

549,000 647,200 723,400 776,000 814,000 841,000

30,956,000 32,932,000 34,483,000 35,748,000 36,781,000 37,638,000

300,000 333,000 358,000 383,000 408,000 433,000

6,650,000 7,175,000 7,514,000 7,748,000 7,919,000 8,045,000

2,253,000 2,820,000 3,134,000 3,344,000 3,523,000 3,708,000

25,107,000 29,571,000 33,045,000 35,918,000 38,326,000 40,242,000

551,000 716,000 866,000 1,011,000 1,152,000 1,287,000

32,057,000 32,655,200 33,315,000 34,241,100 35,335,000 36,386,000

114,941,000 125,249,400 133,512,400 140,536,100 146,628,000 151,757,000


15,991,075 17,813,040 19,433,639 20,685,392 21,656,396 22,437,653

0 0 0 0 0 0

549,000 647,200 723,400 776,000 814,000 841,000

10,732,445 11,417,524 11,955,255 12,393,831 12,751,972 13,049,094

300,000 333,000 358,000 383,000 408,000 433,000

0 0 0 0 0 0

1,351,800 1,692,000 1,880,400 2,006,400 2,113,800 2,224,800

25,107,000 29,571,000 33,045,000 35,918,000 38,326,000 40,242,000

413,250 537,000 649,500 758,250 864,000 965,250

32,057,000 32,655,200 33,315,000 34,241,100 35,335,000 36,386,000

86,501,570 94,665,963 101,360,194 107,161,973 112,269,168 116,578,797


Orascom

Orascom top 10 networks by proportionate subscriptions, Q1 2011

Orascom networks by proportionate subscriptions


Asia Pacific Pakistan PMCL BGQS4QDSS

Asia Pacific Bangladesh Orascom Bangladesh C7NLDVLON

Africa Algeria Orascom Telecom Algeria BEJMVD3FS

Africa Egypt ECMS BGNZVVONY

Africa Burundi U-COM Burundi BGNYCDNTM

Africa Zimbabwe Telecel Zimbabwe BG20Q07CJ

Africa Central African Republic Telecel CAR BG0UA8CNJ

Asia Pacific North Korea CHEO C3B0G8N2C

Africa Namibia Cell One BWGEPZC70

Africa Tunisia Tunisiana BGP4H6ROO


PMCL (Pakistan)

Orascom Bangladesh (Bangladesh)

Orascom Telecom Algeria (Algeria)

ECMS (Egypt)

U-COM Burundi (Burundi)

Telecel Zimbabwe (Zimbabwe)

Telecel CAR (Central African Republic)

CHEO (North Korea)





PMCL (Pakistan) 32,609,900 32,609,900 30.64% 1

Orascom Bangladesh (Bangladesh) 20,126,540 20,126,540 25.84% 2

Orascom Telecom Algeria (Algeria) 15,014,456 15,509,200 45.97% 1

ECMS (Egypt) 10,307,363 29,729,920 42.47% 2

U-COM Burundi (Burundi) 1,122,400 1,122,400 67.21% 1

Telecel Zimbabwe (Zimbabwe) 873,420 1,455,700 18.13% 2

Telecel CAR (Central African Republic) 470,900 470,900 43.80% 1

CHEO (North Korea) 308,250 411,000 98.80% 1

Cell One (Namibia) 284,700 284,700 14.81% 2

Tunisiana (Tunisia) 0 5,981,650 53.22% 1


Total Subscriptions

PMCL (Pakistan)

Orascom Bangladesh (Bangladesh)

Orascom Telecom Algeria (Algeria)

ECMS (Egypt)

U-COM Burundi (Burundi)

Telecel Zimbabwe (Zimbabwe)

Telecel CAR (Central African Republic)

CHEO (North Korea)




Number of operators

6

6

3

3

5

3

4

2

3

3

Orascom

Orascom investment footprint



OTE


ownership ownership

Europe: Eastern Albania Albanian Mobile Communications BEF4PVJSC 97.00% 2,033,600 1,972,592 3,236,000 3,138,920 97.00% 2,022,540 1,961,864 10,728

Europe: Eastern Bosnia Herzegovina Mobilna Srpska BGY8HD977 13.00% 1,372,200 178,386 3,939,000 512,070 13.00% 1,344,010 174,721 3,665

Europe: Eastern Bulgaria Cosmo Bulgaria Mobile BGQR9RLSY 100.00% 3,934,000 3,934,000 7,498,500 7,498,500 100.00% 3,920,000 3,920,000 14,000

Europe: Eastern Montenegro MTEL C0X5A89AN 20.00% 273,390 54,678 650,000 130,000 20.00% 289,140 57,828 -3,150 Held via Telekom Srbija

Europe: Eastern Romania Cosmote Romania BUGGDX45S 70.00% 6,395,740 4,477,018 21,195,500 14,836,850 70.00% 6,849,470 4,794,629 -317,611

Europe: Eastern Romania Telemobil BGRAYMLE0 99.50% 353,780 352,011 21,195,500 21,089,523 99.50% 359,560 357,762 -5,751

Europe: Eastern Serbia Telekom Srbija BGRCDFU9W 20.00% 6,450,700 1,290,140 8,287,500 1,657,500 20.00% 6,284,100 1,256,820 33,320

Europe: Western Greece Cosmote BGRPNMYYE 100.00% 7,600,000 7,600,000 11,203,500 11,203,500 100.00% 7,993,490 7,993,490 -393,490

Region Q1 2011 Q1 2011 20,517,114


Africa 0 0

Americas 0 0

Asia Pacific 0 0

Europe: Eastern 20,813,410 12,258,825

Europe: Western 7,600,000 7,600,000

Middle East 0 0

USA/Canada 0 0

Total 28,413,410 19,858,825









OTE

Total subscriptions










Total subscriptions














2,264,000 2,472,000 2,542,000 2,579,000 2,591,000 2,593,000

1,467,000 1,605,000 1,721,000 1,803,800 1,857,000 1,890,000

4,019,000 4,108,000 4,258,400 4,357,000 4,421,000 4,462,000

303,000 335,000 360,000 378,000 392,000 400,000

7,337,800 7,727,900 7,975,000 8,143,000 8,251,000 8,319,000

395,100 465,300 543,000 638,000 742,000 842,500

6,510,000 6,685,000 6,829,000 6,937,000 7,015,000 7,066,000

8,307,000 8,566,000 8,657,000 8,738,000 8,821,000 8,862,000

30,602,900 31,964,200 32,885,400 33,573,800 34,090,000 34,434,500


2,196,080 2,397,840 2,465,740 2,501,630 2,513,270 2,515,210

190,710 208,650 223,730 234,494 241,410 245,700

4,019,000 4,108,000 4,258,400 4,357,000 4,421,000 4,462,000

60,600 67,000 72,000 75,600 78,400 80,000

5,136,460 5,409,530 5,582,500 5,700,100 5,775,700 5,823,300

393,125 462,974 540,285 634,810 738,290 838,288

1,302,000 1,337,000 1,365,800 1,387,400 1,403,000 1,413,200

8,307,000 8,566,000 8,657,000 8,738,000 8,821,000 8,862,000

21,604,975 22,556,994 23,165,455 23,629,034 23,992,070 24,239,698

Top Networks

OTE

OTE top 10 networks by proportionate subscriptions, Q1 2011

OTE networks by proportionate subscriptions


Europe: Western Greece Cosmote BGRPNMYYE

Europe: Eastern Romania Cosmote Romania BUGGDX45S

Europe: Eastern Bulgaria Cosmo Bulgaria Mobile BGQR9RLSY


Europe: Eastern Serbia Telekom Srbija BGRCDFU9W

Europe: Eastern Romania Telemobil BGRAYMLE0

Europe: Eastern Bosnia Herzegovina Mobilna Srpska BGY8HD977

Europe: Eastern Montenegro MTEL C0X5A89AN


Cosmote (Greece)


Cosmo Bulgaria Mobile (Bulgaria)

Albanian Mobile Communications (Albania)

Telekom Srbija (Serbia)

Telemobil (Romania)

Mobilna Srpska (Bosnia Herzegovina)

MTEL (Montenegro)

0 1 2 3 4 5 6 7 8





Cosmote (Greece) 7,600,000 7,600,000 52.49%

Cosmote Romania (Romania) 4,477,018 6,395,740 22.99%

Cosmo Bulgaria Mobile (Bulgaria) 3,934,000 3,934,000 37.17%

Albanian Mobile Communications (Albania) 1,972,592 2,033,600 46.18%

Telekom Srbija (Serbia) 1,290,140 6,450,700 58.98%

Telemobil (Romania) 352,011 353,780 1.27%

Mobilna Srpska (Bosnia Herzegovina) 178,386 1,372,200 45.10%

MTEL (Montenegro) 54,678 273,390 24.94%


Total Subscriptions

Cosmote (Greece)


Cosmo Bulgaria Mobile (Bulgaria)

Albanian Mobile Communications (Albania)

Telekom Srbija (Serbia)

Telemobil (Romania)

Mobilna Srpska (Bosnia Herzegovina)

MTEL (Montenegro)

0 1 2 3 4 5 6 7 8





1 3

3 6

2 3

1 4

1 3

5 6

1 3

3 3

OTE

OTE investment footprint



Portugal Telecom


ownership ownership

Africa Angola Unitel Angola BEBDQMUBY 18.75% 6,270,400 1,175,700 35,166,000 6,593,625 18.75% 6,128,000 1,149,000 26,700

Africa Cape Verde Cabo Verde Telecom BGNZ3OMB5 30.00% 328,400 98,520 561,000 168,300 30.00% 320,600 96,180 2,340

Africa Guinea-Bissau Guinetel C1YV0HJXL 41.25% 79,600 32,835 1,827,500 753,844 41.25% 77,300 31,886 949

Africa Namibia MTC Namibia BGO100DR1 25.50% 1,566,800 399,534 2,143,500 546,593 25.50% 1,530,000 390,150 9,384

Africa Sao Tomé & Principe CST Mobicel BLBRIOMIC 38.25% 104,400 39,933 164,000 62,730 38.25% 100,000 38,250 1,683

Americas Brazil Telemar PCS (Oi) BGWC9MV0R 24.77% 41,442,990 10,267,086 196,539,000 48,690,572 0.00% 39,272,690 0 10,267,086

Asia Pacific East Timor Timor Telecom BLCGRQ40T 41.12% 474,780 195,230 1,141,500 469,385 41.12% 442,500 181,956 13,274

Asia Pacific Macau CTM BGRDR6L6H 28.00% 555,600 155,568 488,500 136,780 28.00% 550,000 154,000 1,568

Europe: Western Portugal TMN BGQDPD1XI 100.00% 7,477,900 7,477,900 10,705,000 10,705,000 100.00% 7,419,000 7,419,000 58,900

Region Q1 2011 Q1 2011 2,041,422

Africa 8,349,600 1,746,522

Americas 41,442,990 10,267,086

Asia Pacific 1,030,380 350,798

Europe: Eastern 0 0

Europe: Western 0 0

Middle East 0 0

USA/Canada 0 0

Total 50,822,970 12,364,406










Portugal Telecom

Total subscriptions


Africa Angola Unitel Angola BEBDQMUBY 18.75%

Africa Cape Verde Cabo Verde Telecom BGNZ3OMB5 30.00%

Africa Guinea-Bissau Guinetel C1YV0HJXL 41.25%

Africa Namibia MTC Namibia BGO100DR1 25.50%

Africa Sao Tomé & Principe CST Mobicel BLBRIOMIC 38.25%

Americas Brazil Telemar PCS (Oi) BGWC9MV0R 24.77%

Asia Pacific East Timor Timor Telecom BLCGRQ40T 41.12%

Asia Pacific Macau CTM BGRDR6L6H 28.00%

Europe: Western Portugal TMN BGQDPD1XI 100.00%

Total subscriptions



Africa Angola Unitel Angola BEBDQMUBY 18.75%

Africa Cape Verde Cabo Verde Telecom BGNZ3OMB5 30.00%

Africa Guinea-Bissau Guinetel C1YV0HJXL 41.25%

Africa Namibia MTC Namibia BGO100DR1 25.50%

Africa Sao Tomé & Principe CST Mobicel BLBRIOMIC 38.25%

Americas Brazil Telemar PCS (Oi) BGWC9MV0R 24.77%

Asia Pacific East Timor Timor Telecom BLCGRQ40T 41.12%

Asia Pacific Macau CTM BGRDR6L6H 28.00%

Europe: Western Portugal TMN BGQDPD1XI 100.00%




7,413,000 8,152,000 8,941,000 9,669,000 10,342,000 10,963,000

360,000 394,000 423,000 446,000 463,000 476,000

91,000 106,600 119,800 130,100 140,000 150,000

1,745,000 1,936,000 2,071,000 2,164,000 2,225,000 2,259,000

110,000 118,900 123,000 126,000 128,000 129,000

43,000,000 45,097,000 47,032,000 48,752,000 50,268,000 51,595,000

520,900 574,000 619,000 656,000 688,000 716,000

595,000 646,000 696,000 736,000 768,000 794,000

7,702,000 7,961,000 8,153,000 8,312,000 8,435,000 8,527,000

61,536,900 64,985,500 68,177,800 70,991,100 73,457,000 75,609,000


1,389,938 1,528,500 1,676,438 1,812,938 1,939,125 2,055,563

108,000 118,200 126,900 133,800 138,900 142,800

37,538 43,973 49,418 53,666 57,750 61,875

444,975 493,680 528,105 551,820 567,375 576,045

42,075 45,479 47,048 48,195 48,960 49,343

10,652,820 11,172,331 11,651,708 12,077,820 12,453,394 12,782,145

214,194 236,029 254,533 269,747 282,906 294,419

166,600 180,880 194,880 206,080 215,040 222,320

7,702,000 7,961,000 8,153,000 8,312,000 8,435,000 8,527,000

20,758,139 21,780,071 22,682,028 23,466,066 24,138,450 24,711,509


Portugal Telecom

Portugal Telecom top 10 networks by proportionate subscriptions, Q1 2011

Portugal Telecom networks by proportionate subscriptions


Americas Brazil Telemar PCS (Oi) BGWC9MV0R

Europe: Western Portugal TMN BGQDPD1XI

Africa Angola Unitel Angola BEBDQMUBY

Africa Namibia MTC Namibia BGO100DR1

Asia Pacific East Timor Timor Telecom BLCGRQ40T

Asia Pacific Macau CTM BGRDR6L6H

Africa Cape Verde Cabo Verde Telecom BGNZ3OMB5

Africa Sao Tomé & Principe CST Mobicel BLBRIOMIC

Africa Guinea-Bissau Guinetel C1YV0HJXL


Telemar PCS (Oi) (Brazil)

TMN (Portugal)

Unitel Angola (Angola)

MTC Namibia (Namibia)

Timor Telecom (East Timor)

CTM (Macau)

Cabo Verde Telecom (Cape Verde)

CST Mobicel (Sao Tomé & Principe)





Telemar PCS (Oi) (Brazil) 10,267,086 41,442,990 19.35% 4

TMN (Portugal) 7,477,900 7,477,900 43.97% 1

Unitel Angola (Angola) 1,175,700 6,270,400 73.24% 1

MTC Namibia (Namibia) 399,534 1,566,800 81.50% 1

Timor Telecom (East Timor) 195,230 474,780 100.00% 1

CTM (Macau) 155,568 555,600 50.58% 1

Cabo Verde Telecom (Cape Verde) 98,520 328,400 84.75% 1

CST Mobicel (Sao Tomé & Principe) 39,933 104,400 100.00% 1

Guinetel (Guinea-Bissau) 32,835 79,600 9.26% 3


Total Subscriptions

Telemar PCS (Oi) (Brazil)

TMN (Portugal)

Unitel Angola (Angola)

MTC Namibia (Namibia)

Timor Telecom (East Timor)

CTM (Macau)

Cabo Verde Telecom (Cape Verde)

CST Mobicel (Sao Tomé & Principe)




Number of operators

8

3

2

3

1

4

2

1

3

Portugal Telecom

Portugal Telecom investment footprint



Qtel


ownership

Africa Algeria Wataniya Telecom Algerie BW9H023A9 46.27%







Asia Pacific Cambodia Mfone BGQRGVOI1 12.25%

Asia Pacific Indonesia Indosat BGQRRTXBU 65.00%

Asia Pacific Laos Lao Telecom BGQSI6Y1P 6.00%

Asia Pacific Maldives Wataniya Maldives BSTIRB5EA 52.50%

Asia Pacific Singapore StarHub BGR0G6COM 12.27%

Middle East Iraq Asiacell C1GMJI5NE 30.00%

Middle East Kuwait Wataniya Telecom BGO0J6IB9 52.50%

Middle East Oman Nawras BP6V4QBXF 56.00%

Middle East Palestine BY5IDKCBY 25.44%

Middle East Qatar Q-TEL BGO1EXATA 100.00%

Middle East Saudi Arabia PTC Saudi Arabia BSXQ5Q2OH 29.19%

Region Q1 2011 Q1 2011


Africa 22,099,250 6,364,186

Americas 0 0

Asia Pacific 50,246,700 30,205,062

Europe: Eastern 0 0

Europe: Western 0 0

Middle East 14,791,350 6,794,943

USA/Canada 0 0

Total 87,137,300 43,364,191


Wataniya Palestine Mobile Telecommunications Company




ownership

8,076,500 3,736,997 35,166,000 16,271,308 46.27% 8,246,000

242,300 8,481 24,654,500 862,908 3.50% 239,820

700,900 14,719 3,323,000 69,783 2.10% 650,300

1,000 25 156,617,500 3,837,129 2.45% 1,000

1,209,200 42,322 13,157,000 460,495 3.50% 898,110

5,887,700 206,070 40,767,000 1,426,845 3.50% 5,883,800

5,981,650 2,355,574 10,608,000 4,177,431 26.25% 5,929,650

703,100 86,130 15,097,000 1,849,383 12.25% 723,800

45,700,000 29,705,000 238,264,000 154,871,600 65.00% 40,714,300

1,593,600 95,616 6,122,000 367,320 6.00% 1,569,320

105,000 55,125 320,000 168,000 52.50% 103,890

2,145,000 263,192 4,565,500 560,187 12.27% 2,145,000

8,306,210 2,491,863 30,419,000 9,125,700 30.00% 8,130,500

1,871,290 982,427 3,016,000 1,583,400 52.50% 1,670,690

1,933,560 1,082,794 2,741,000 1,534,960 56.00% 2,013,200

397,940 101,236 4,443,250 1,130,363 25.44% 353,580

2,076,550 2,076,550 876,000 876,000 100.00% 2,052,540

205,800 60,073 28,961,500 8,453,862 29.19% 200,960





Q4 2010 Q1 2011-Q4 2010 Notes

3,815,424 -78,428

8,394 87 Indirect stake held through Sudatel.

13,656 1,063 Indirect stake held through Sudatel.

25 0 Indirect stake held through Sudatel.

31,434 10,888 Indirect stake held through Sudatel.

205,933 137

1,556,533 799,041

88,666 -2,536

26,464,295 3,240,705

94,159 1,457

54,542 583

263,192 0

2,439,150 52,713

877,112 105,315

1,127,392 -44,598

89,951 11,285

2,052,540 24,010

58,660 1,413



Qtel

Total subscriptions

















Middle East Palestine Wataniya Palestine Mobile Telecommunica BY5IDKCBY 25.44%



Total subscriptions


















Middle East Palestine Wataniya Palestine Mobile Telecommunica BY5IDKCBY 25.44%






9,106,800 10,181,000 11,173,000 11,976,000 12,643,000 13,219,000

285,000 348,000 418,000 497,000 582,000 671,000

830,000 940,000 1,012,000 1,068,000 1,113,000 1,152,000

0 0 0 0 0 0

1,820,400 2,520,100 3,101,500 3,576,700 3,963,600 4,278,800

6,781,600 7,795,000 8,349,000 8,672,000 8,877,000 9,021,000

6,650,000 7,175,000 7,514,000 7,748,000 7,919,000 8,045,000

839,000 936,000 1,022,000 1,088,700 1,141,000 1,183,000

46,677,000 50,941,000 53,390,000 55,172,000 56,472,000 57,484,000

1,793,000 2,008,000 2,177,000 2,305,000 2,400,000 2,471,000

107,600 113,000 117,000 123,000 128,100 130,700

2,339,000 2,493,200 2,634,000 2,758,000 2,863,000 2,952,700

8,710,000 9,145,000 9,445,000 9,647,000 9,787,000 9,890,000

1,700,000 1,756,000 1,831,000 1,922,000 2,018,000 2,105,000

2,363,500 2,662,700 2,921,000 3,127,000 3,291,500 3,427,000

606,000 774,000 890,000 982,000 1,058,000 1,127,000

2,068,100 2,094,000 2,129,000 2,168,000 2,206,000 2,244,000

201,000 201,000 201,000 201,000 201,000 201,000

92,878,000 102,083,000 108,324,500 113,031,400 116,663,200 119,602,200


4,213,716 4,710,749 5,169,747 5,541,295 5,849,916 6,116,431

9,975 12,180 14,630 17,395 20,370 23,485

17,430 19,740 21,252 22,428 23,373 24,192

0 0 0 0 0 0

63,714 88,204 108,553 125,185 138,726 149,758

237,356 272,825 292,215 303,520 310,695 315,735

2,618,770 2,825,515 2,959,013 3,051,162 3,118,502 3,168,121

102,778 114,660 125,195 133,366 139,773 144,918

30,340,050 33,111,650 34,703,500 35,861,800 36,706,800 37,364,600

107,580 120,480 130,620 138,300 144,000 148,260

56,490 59,325 61,425 64,575 67,253 68,618

286,995 305,916 323,192 338,407 351,290 362,296

2,613,000 2,743,500 2,833,500 2,894,100 2,936,100 2,967,000

892,500 921,900 961,275 1,009,050 1,059,450 1,105,125

1,323,560 1,491,112 1,635,760 1,751,120 1,843,240 1,919,120

154,166 196,906 226,416 249,821 269,155 286,709

2,068,100 2,094,000 2,129,000 2,168,000 2,206,000 2,244,000

58,672 58,672 58,672 58,672 58,672 58,672

45,164,853 49,147,332 51,753,965 53,728,195 55,243,315 56,467,039


F9

Forecast not available.

G9


H9


I9


J9


K9


F31


G31


H31


I31


J31


K31


Qtel

Qtel top 10 networks by proportionate subscriptions, Q1 2011

Qtel networks by proportionate subscriptions


Asia Pacific Indonesia Indosat BGQRRTXBU

Africa Algeria Wataniya Telecom Algerie BW9H023A9

Middle East Iraq Asiacell C1GMJI5NE

Africa Tunisia Tunisiana BGP4H6ROO

Middle East Qatar Q-TEL BGO1EXATA

Middle East Oman Nawras BP6V4QBXF

Middle East Kuwait Wataniya Telecom BGO0J6IB9

Asia Pacific Singapore StarHub BGR0G6COM

Africa Sudan Sudatel Sudan BG03941TN

Middle East Palestine Wataniya Palestine Mobile Telecommunica BY5IDKCBY

Asia Pacific Laos Lao Telecom BGQSI6Y1P

Asia Pacific Cambodia Mfone BGQRGVOI1

Middle East Saudi Arabia PTC Saudi Arabia BSXQ5Q2OH

Asia Pacific Maldives Wataniya Maldives BSTIRB5EA

Africa Senegal Sudatel Senegal C3ARUTUFW

Africa Mauritania Chinguitel BW5SE2FOV

Africa Ghana Kasapa BLGAHT7EK

Africa Nigeria Intercellular Nigeria BGO186J2Y


Indosat (Indonesia)

Wataniya Telecom Algerie (Algeria)

Asiacell (Iraq)

Tunisiana (Tunisia)

Q-TEL (Qatar)

Nawras (Oman)

Wataniya Telecom (Kuwait)

StarHub (Singapore)

Sudatel Sudan (Sudan)Wataniya Palestine Mobile

Telecommunications Company (Palestine)





Indosat (Indonesia) 29,705,000 45,700,000 21.39% 2

Wataniya Telecom Algerie (Algeria) 3,736,997 8,076,500 23.94% 3

Asiacell (Iraq) 2,491,863 8,306,210 35.38% 2

Tunisiana (Tunisia) 2,355,574 5,981,650 53.22% 1

Q-TEL (Qatar) 2,076,550 2,076,550 73.28% 1

Nawras (Oman) 1,082,794 1,933,560 48.32% 2

Wataniya Telecom (Kuwait) 982,427 1,871,290 40.33% 2

StarHub (Singapore) 263,192 2,145,000 28.43% 2

Sudatel Sudan (Sudan) 206,070 5,887,700 27.66% 2

Wataniya Palestine Mobile Telecommunications Co 101,236 397,940 14.31% 2

Lao Telecom (Laos) 95,616 1,593,600 42.37% 1

Mfone (Cambodia) 86,130 703,100 7.14% 6

PTC Saudi Arabia (Saudi Arabia) 60,073 205,800 0.44% 4

Wataniya Maldives (Maldives) 55,125 105,000 24.02% 2

Sudatel Senegal (Senegal) 42,322 1,209,200 13.49% 3

Chinguitel (Mauritania) 14,719 700,900 20.41% 3

Kasapa (Ghana) 8,481 242,300 1.38% 5

Intercellular Nigeria (Nigeria) 25 1,000 0.00% 10


Total Subscriptions

Indosat (Indonesia)

Wataniya Telecom Algerie (Algeria)

Asiacell (Iraq)

Tunisiana (Tunisia)

Q-TEL (Qatar)

Nawras (Oman)

Wataniya Telecom (Kuwait)

StarHub (Singapore)

Sudatel Sudan (Sudan)Wataniya Palestine Mobile

Telecommunications Company (Palestine)




Number of operators

8

3

4

3

2

2

3

4

5

2

4

8

4

2

3

3

5

10

Qtel

Qtel investment footprint



Singapore Telecommunications


ownership


















Asia Pacific Australia Optus BGQR0BS2H 100.00%

Asia Pacific Bangladesh PBTL BGQDNB4IP 45.00%

Asia Pacific Bangladesh Airtel Bangladesh CE7LRKUNH 22.57%Asia Pacific India Bharti Airtel India BU89997LK 32.25%


Asia Pacific Indonesia Telkomsel BGQSDKLLB 35.00%

Asia Pacific Pakistan Warid Pakistan BN7U9VRO2 30.00%

Asia Pacific Philippines Globe Telecom BGQUCF75B 45.79%

Asia Pacific Singapore DNA Comms BP0UDOLFK 50.00%

Asia Pacific Singapore SingTel Mobile BGZ3NF62W 100.00%


Asia Pacific Thailand AIS BEBCPMI5L 21.33%



Region Q1 2011 Q1 2011


Africa 50,831,430 13,132,335

Americas 0 0

Asia Pacific 488,984,480 154,521,193

Europe: Eastern 0 0


Middle East 0 0

USA/Canada 0 0

Total 539,893,380 167,678,513






ownership

1,564,200 504,455 15,880,500 5,121,461 32.16% 1,552,280

1,384,400 446,469 11,558,000 3,727,455 32.16% 1,350,000

1,411,000 409,613 3,971,000 1,152,781 28.95% 1,412,440

4,840,000 1,537,184 67,983,000 21,591,400 31.68% 4,500,000

941,000 241,272 1,380,000 353,832 25.57% 934,970

1,865,700 451,313 24,654,500 5,963,924 24.12% 1,754,240

4,200,000 1,286,880 40,140,500 12,299,049 30.55% 3,816,200

2,487,900 802,348 21,033,500 6,783,304 32.16% 2,302,900

1,931,630 622,951 14,856,000 4,791,060 32.16% 1,733,080

2,129,500 618,194 15,538,500 4,510,826 28.95% 2,014,800

16,048,300 3,400,635 156,617,500 33,187,246 21.13% 15,834,240

89,100 28,735 84,697 27,315 32.16% 84,100

564,100 181,922 6,125,000 1,975,313 32.16% 563,380

108,400 12,238 43,035,500 4,858,708 11.26% 109,200

6,477,300 1,253,358 43,035,500 8,327,369 19.30% 6,189,400

1,705,800 550,121 33,530,500 10,813,586 32.16% 1,802,900

3,083,100 784,649 12,510,500 3,183,922 25.38% 3,072,610

9,125,000 9,125,000 21,257,000 21,257,000 100.00% 8,965,000

1,787,000 804,150 165,302,500 74,386,125 45.00% 1,811,000

1,278,100 288,467 165,302,500 37,308,774 22.52% 1,189,000147,603,640 47,602,174 1,211,604,000 390,742,290 32.16% 138,745,580

147,603,640 33,314,141 1,211,604,000 273,459,019 22.52% 138,745,580

99,400,000 34,790,000 238,246,000 83,386,100 35.00% 94,001,000

17,806,000 5,341,800 171,824,000 51,547,200 30.00% 17,517,480

27,302,200 12,501,678 92,157,500 42,198,920 45.79% 26,471,000

159,000 79,500 4,565,500 2,282,750 50.00% 154,400

3,307,000 3,307,000 4,565,500 4,565,500 100.00% 3,229,000

1,810,000 583,725 19,530,500 6,298,586 32.16% 1,800,000

31,802,900 6,783,559 64,912,500 13,845,836 21.33% 31,200,700

67,110 21,643 92,000 29,670 32.16% 62,700

10,360 3,341 66,000 21,285 32.16% 9,650





Q4 2010 Q1 2011-Q4 2010

499,213 5,241

434,160 12,309

408,901 712

1,425,600 111,584

239,072 2,201

423,123 28,190

1,165,849 121,031

740,613 61,735

557,359 65,592

583,285 34,909

3,345,775 54,859

27,047 1,688

181,183 739

12,296 -58

1,194,554 58,803

579,813 -29,692

779,828 4,821

8,965,000 160,000

814,950 -10,800

267,763 20,704

44,620,578 2,981,596

31,245,505 2,068,636

32,900,350 1,889,650

5,255,244 86,556

12,121,071 380,606

77,200 2,300

3,229,000 78,000

578,880 4,845

6,655,109 128,449

20,164 1,479

3,103 238



Notes

Name changed from Bharti Televentures

Formerly known as Hexacom India, Ltd

Physical network owned by DPC, which is a subsidiary, in which AIS has a 98.54% stake.

Singpaore Telecommunications

Total subscriptions





Africa Democratic Rep of Congo (ex-Zaire) Bharti Airtel RDC CEPRIXSP9














Asia Pacific Australia Optus BGQR0BS2H

Asia Pacific Bangladesh PBTL BGQDNB4IP




Asia Pacific Indonesia Telkomsel BGQSDKLLB

Asia Pacific Pakistan Warid Pakistan BN7U9VRO2

Asia Pacific Philippines Globe Telecom BGQUCF75B

Asia Pacific Singapore DNA Comms BP0UDOLFK

Asia Pacific Singapore SingTel Mobile BGZ3NF62W


Asia Pacific Thailand AIS BEBCPMI5L


Europe: Western Guernsey Guernsey Airtel BWRIIM6OR

Total subscriptions





















32.25% 1,582,000 1,632,000 1,692,000 1,754,000 1,818,000 1,883,000

32.25% 1,393,000 1,477,500 1,545,200 1,601,000 1,650,000 1,696,000

29.03% 1,483,000 1,536,600 1,574,000 1,603,000 1,627,000 1,648,000

31.76% 4,495,000 5,289,000 6,044,000 6,781,000 7,500,000 8,190,000

25.64% 951,000 985,000 1,022,000 1,049,000 1,069,000 1,086,000

24.19% 2,051,200 2,353,900 2,617,100 2,872,400 3,122,300 3,358,700

30.64% 6,214,000 8,063,000 9,530,000 10,803,000 11,905,000 12,855,000

32.25% 2,235,000 2,753,000 3,301,000 3,786,000 4,189,000 4,513,000

32.25% 2,065,000 2,430,000 2,714,000 2,924,000 3,069,000 3,173,000

29.03% 2,389,000 2,703,500 2,952,000 3,118,000 3,231,000 3,318,000

21.19% 17,277,000 18,707,000 19,928,000 21,112,000 22,222,000 23,236,000

32.25% 100,000 111,000 119,000 124,000 128,000 132,700

32.25% 563,600 565,700 568,900 573,000 578,000 582,000

11.29% 134,800 174,000 235,000 317,000 421,000 544,000

19.35% 7,417,000 8,620,000 9,719,000 10,742,000 11,697,000 12,579,000

32.25% 1,809,400 1,823,000 1,855,000 1,901,000 1,963,000 2,041,000

25.45% 3,673,000 4,357,000 5,010,000 5,552,000 5,987,000 6,327,000

100.00% 9,658,000 10,264,000 10,768,000 11,195,000 11,555,000 11,869,000

45.00% 1,794,000 1,870,000 2,019,000 2,207,000 2,359,000 2,557,000

22.57% 5,390,000 6,334,100 7,198,000 8,004,000 8,640,000 9,270,000

32.25% 189,000,000 218,308,000 237,170,000 249,910,000 257,274,000 262,486,000

22.57% 0 0 0 0 0 0

35.00% 110,948,000 124,672,000 132,005,000 136,829,000 139,977,000 142,132,000

30.00% 19,025,000 20,665,000 22,198,000 23,668,000 25,119,000 26,595,000

45.79% 30,229,000 33,151,000 34,931,000 36,349,000 37,416,000 38,175,000

50.00% 151,000 148,000 145,000 143,000 140,000 137,000

100.00% 3,333,000 3,437,600 3,535,000 3,625,000 3,707,000 3,781,000

32.25% 2,326,000 2,726,000 3,013,000 3,240,000 3,420,000 3,562,000

21.33% 33,446,000 34,945,100 35,748,900 36,219,000 36,561,000 36,976,000

32.25% 70,800 77,000 82,000 85,000 88,000 90,000

32.25% 11,600 14,200 15,100 15,800 16,500 17,200

461,215,400 520,193,200 559,254,200 588,102,200 608,448,800 624,809,600


32.25% 510,195 526,320 545,670 565,665 586,305 607,268

32.25% 449,243 476,494 498,327 516,323 532,125 546,960

29.03% 430,515 446,075 456,932 465,351 472,318 478,414

31.76% 1,427,612 1,679,786 1,919,574 2,153,645 2,382,000 2,601,144

25.64% 243,836 252,554 262,041 268,964 274,092 278,450

24.19% 496,185 569,408 633,077 694,834 755,284 812,470

30.64% 1,903,970 2,470,503 2,919,992 3,310,039 3,647,692 3,938,772

32.25% 720,788 887,843 1,064,573 1,220,985 1,350,953 1,455,443

32.25% 665,963 783,675 875,265 942,990 989,753 1,023,293

29.03% 693,527 784,826 856,966 905,155 937,959 963,215

21.19% 3,660,996 3,964,013 4,222,743 4,473,633 4,708,841 4,923,708

32.25% 32,250 35,798 38,378 39,990 41,280 42,796

32.25% 181,761 182,438 183,470 184,793 186,405 187,695

11.29% 15,219 19,645 26,531 35,789 47,531 61,418

19.35% 1,435,190 1,667,970 1,880,627 2,078,577 2,263,370 2,434,037

32.25% 583,532 587,918 598,238 613,073 633,068 658,223


F26


G26


H26


I26


J26


K26


25.45% 934,779 1,108,857 1,275,045 1,412,984 1,523,692 1,610,222

100.00% 9,658,000 10,264,000 10,768,000 11,195,000 11,555,000 11,869,000

45.00% 807,300 841,500 908,550 993,150 1,061,550 1,150,650

22.57% 1,216,523 1,429,606 1,624,589 1,806,503 1,950,048 2,092,239

32.25% 60,952,500 70,404,330 76,487,325 80,595,975 82,970,865 84,651,735

22.57% 0 0 0 0 0 0

35.00% 38,831,800 43,635,200 46,201,750 47,890,150 48,991,950 49,746,200

30.00% 5,707,500 6,199,500 6,659,400 7,100,400 7,535,700 7,978,500

45.79% 13,841,859 15,179,843 15,994,905 16,644,207 17,132,787 17,480,333

50.00% 75,500 74,000 72,500 71,500 70,000 68,500

100.00% 3,333,000 3,437,600 3,535,000 3,625,000 3,707,000 3,781,000

32.25% 750,135 879,135 971,693 1,044,900 1,102,950 1,148,745

21.33% 7,134,032 7,453,790 7,625,240 7,725,513 7,798,461 7,886,981

32.25% 22,833 24,833 26,445 27,413 28,380 29,025

32.25% 3,741 4,580 4,870 5,096 5,321 5,547

156,720,281 176,272,038 189,137,713 198,607,594 205,242,678 210,511,980


Singapore Telecommunications top 10 networks by proportionate subscriptions, Q1 2011

Singapore Telecommunications networks by proportionate subscriptions











Africa Democratic Rep of Congo (ex-Zair Bharti Airtel RDC CEPRIXSP9
















Telkomsel (Indonesia)


Globe Telecom (Philippines)

Optus (Australia)

AIS (Thailand)

Warid Pakistan (Pakistan)


SingTel Mobile (Singapore)Bharti Airtel RDC

(Democratic Rep of Congo (ex-Zaire))










*Market share and position in market refer to total Bharti, including Bharti Hexacom.

**Market share and position in market refer to total AIS, including AIS GSM 1800.



Bharti Airtel India (India) 47,602,174 147,603,640 18.55% *

Telkomsel (Indonesia) 34,790,000 99,400,000 46.52%

Bharti Hexacom (India) 33,314,141 147,603,640 n/a

Globe Telecom (Philippines) 12,501,678 27,302,200 29.80%

Optus (Australia) 9,125,000 9,125,000 32.40%

AIS (Thailand) 6,783,559 31,802,900 42.79% **

Warid Pakistan (Pakistan) 5,341,800 17,806,000 16.73%

Bharti Airtel Nigeria (Nigeria) 3,400,635 16,048,300 17.73%

SingTel Mobile (Singapore) 3,307,000 3,307,000 43.83%

Bharti Airtel RDC (Democratic Rep of Congo (ex-Zaire)) 1,537,184 4,840,000 38.41%

Bharti Airtel Kenya B.V. (Kenya) 1,286,880 4,200,000 17.16%

Bharti Airtel Tanzania B.V (Tanzania) 1,253,358 6,477,300 31.91%

PBTL (Bangladesh) 804,150 1,787,000 2.29%

Bharti Airtel Madagascar B.V (Madagascar) 802,348 2,487,900 42.08%

Bharti Airtel Zambia (Zambia) 784,649 3,083,100 58.14%

Bharti Airtel Malawi (Malawi) 622,951 1,931,630 60.92%

Bharti Airtel Niger (Niger) 618,194 2,129,500 56.18%

Bharti Airtel Sri Lanka (Sri Lanka) 583,725 1,810,000 10.09%

Bharti Airtel Uganda B.V. (Uganda) 550,121 1,705,800 12.08%

Bharti Airtel Burkina Faso B.V. (Burkina Faso) 504,455 1,564,200 29.62%

Bharti Airtel Ghana (Ghana) 451,313 1,865,700 10.63%

Bharti Airtel Chad (Chad) 446,469 1,384,400 46.15%

Bharti Airtel Congo B.V. (Congo) 409,613 1,411,000 36.43%

Airtel Bangladesh (Bangladesh) 288,467 1,278,100 1.64%


Total Subscriptions


Telkomsel (Indonesia)


Globe Telecom (Philippines)

Optus (Australia)

AIS (Thailand)



SingTel Mobile (Singapore)Bharti Airtel RDC

(Democratic Rep of Congo (ex-Zaire))




Bharti Airtel Gabon B.V. (Gabon) 241,272 941,000 49.98%

Bharti Airtel Sierra Leone (Sierra Leone) 181,922 564,100 18.16%

DNA Comms (Singapore) 79,500 159,000 2.11%

Jersey Telenet (Jersey) 21,643 67,110 n/a

TTCL (Tanzania) 12,238 108,400 0.53%

Guernsey Airtel (Guernsey) 3,341 10,360 14.91%


1 15

1 8

n/a n/a

2 5

2 4

1 6

4 6

3 10

1 4

1 6

2 4

2 7

5 6

1 4

1 3

1 2

1 4

4 5

4 7

2 3

4 5

2 3

2 4

4 6

1 4

3 4

4 4

n/a n/a

5 7

3 3


Singapore Telecommunications investment footprint



SK Telecom


ownership

Asia Pacific Korea SK Telecom BGQRRRDTK 33.62% 26,044,800

Asia Pacific Mongolia Skytel BGY9MMKOC 28.55% 418,950

Asia Pacific Vietnam S-Fone C3HM3MR1N 14.66% 8,007,700

Region Q1 2011 Q1 2011

Africa 0 0

Americas 0 0

Asia Pacific 34,471,450 10,049,801

Europe: Eastern 0 0

Europe: Western 0 0

Middle East 0 0

USA/Canada 0 0

Total 34,471,450 10,049,801







ownership

8,756,261 48,592,500 16,336,798 33.62% 25,705,000 8,642,021

119,610 2,694,500 769,280 28.55% 407,300 116,284

1,173,929 90,263,500 13,232,629 14.66% 7,600,000 1,114,160





Q1 2011-Q4 2010 Notes

114,240

3,326

59,769


SK Telecom

Total subscriptions

Region Country Operator Operator ID Stake Dec 11 Dec 12

Asia Pacific Korea SK Telecom BGQRRRDTK 33.62% 27,118,000 28,443,000

Asia Pacific Mongolia Skytel BGY9MMKOC 28.55% 433,600 460,800

Asia Pacific Vietnam S-Fone C3HM3MR1N 14.66% 8,536,000 9,217,000

Total subscriptions 36,087,600 38,120,800



Asia Pacific Korea SK Telecom BGQRRRDTK 33.62% 9,117,071 9,562,536

Asia Pacific Mongolia Skytel BGY9MMKOC 28.55% 123,793 131,558

Asia Pacific Vietnam S-Fone C3HM3MR1N 14.66% 1,251,378 1,351,212

Total proportionate subscriptions 10,492,242 11,045,307


Dec 13 Dec 14 Dec 15 Dec 16

29,604,000 30,681,000 31,657,000 32,533,000

485,400 503,100 517,500 530,700

9,973,000 10,534,000 10,967,000 11,385,000

40,062,400 41,718,100 43,141,500 44,448,700


9,952,864 10,314,952 10,643,083 10,937,594

138,582 143,635 147,746 151,515

1,462,042 1,544,284 1,607,762 1,669,041

11,553,488 12,002,871 12,398,592 12,758,150


SK Telecom

SK Telecom top 10 networks by proportionate subscriptions, Q1 2011

SK Telecom networks by proportionate subscriptions


Asia Pacific Korea SK Telecom BGQRRRDTK

Asia Pacific Vietnam S-Fone C3HM3MR1N

Asia Pacific Mongolia Skytel BGY9MMKOC

*Virgin Mobile USA is an MVNO operating on Sprint's physical network.


SK Telecom (Korea)

S-Fone (Vietnam)

Skytel (Mongolia)





SK Telecom (Korea) 8,756,261 26,044,800 50.33%

S-Fone (Vietnam) 1,173,929 8,007,700 6.12%

Skytel (Mongolia) 119,610 418,950 17.57%


Total Subscriptions

SK Telecom (Korea)

S-Fone (Vietnam)

Skytel (Mongolia)





1 4

7 7

3 4

SK Telecom

SK Telecom investment footprint



Sprint Nextel


ownership

Americas Puerto Rico Sprint Nextel Puerto Rico BUAC76V2J 100.00%

Americas US Virgin Islands Sprint Nextel US Virgin Islands BUAC5VP2M 100.00%

USA/Canada USA Sprint Nextel USA BU9ZE0LIR 100.00%

Region Q1 2011 Q1 2011


Africa 0 0

Americas 226,500 226,500

Asia Pacific 0 0

Europe: Eastern 0 0

Europe: Western 0 0

Middle East 0 0

USA/Canada 50,764,800 50,764,800

Total 50,991,300 50,991,300





ownership

193,000 193,000 4,045,000 4,045,000 100.00% 192,000

33,500 33,500 111,000 111,000 100.00% 33,300

50,764,800 50,764,800 313,207,500 313,207,500 100.00% 49,647,200





Q4 2010 Q1 2011-Q4 2010

192,000 1,000

33,300 200

49,647,200 1,117,600



Notes

Includes Boost, Virgin Mobile and Qwest subscriptions.

Sprint Nextel

Total subscriptions





Total subscriptions









193,600 195,600 199,100 204,600 211,400 216,900

36,000 37,000 39,000 40,000 41,000 42,000

52,164,000 54,856,000 57,545,000 60,300,000 63,128,000 66,022,000

52,393,600 55,088,600 57,783,100 60,544,600 63,380,400 66,280,900


193,600 195,600 199,100 204,600 211,400 216,900

36,000 37,000 39,000 40,000 41,000 42,000

52,164,000 54,856,000 57,545,000 60,300,000 63,128,000 66,022,000

52,393,600 55,088,600 57,783,100 60,544,600 63,380,400 66,280,900


Sprint Nextel

Sprint Nextel top 10 networks by proportionate subscriptions, Q1 2011

Sprint Nextel networks by proportionate subscriptions


USA/Canada USA Sprint Nextel USA BU9ZE0LIR

Americas Puerto Rico Sprint Nextel Puerto Rico BUAC76V2J

Americas US Virgin Islands Sprint Nextel US Virgin Islands BUAC5VP2M


Sprint Nextel USA (USA)

Sprint Nextel Puerto Rico (Puerto Rico)

Sprint Nextel US Virgin Islands (US Virgin Islands)





Sprint Nextel USA (USA) 50,764,800 50,764,800 16.03% 3

Sprint Nextel Puerto Rico (Puerto Rico) 193,000 193,000 6.19% 4

Sprint Nextel US Virgin Islands (US Virgin Island 33,500 33,500 28.63% 2


Total Subscriptions

Sprint Nextel USA (USA)

Sprint Nextel Puerto Rico (Puerto Rico)

Sprint Nextel US Virgin Islands (US Virgin Islands)




Number of operators

10

6

3

Sprint Nextel

Sprint Nextel investment footprint



STC


ownership

Africa South Africa Cell C BG037D4BH 26.25%

Asia Pacific India Aircel C0OSZX19W 12.95%

Asia Pacific Indonesia Natrindo Telepon Seluler BGQRS9JYU 58.70%

Asia Pacific Malaysia Maxis Communications BGQSSB42M 17.50%

Europe: Western Turkey Avea BPAC9Q2T2 15.59%

Middle East Bahrain Viva Bahrain CAO5IM975 100.00%

Middle East Kuwait Kuwait Telecom Company C509RB39C 26.00%

Middle East Saudi Arabia Saudi Telecom Company BGQRJBFKI 100.00%

Region Q1 2011 Q1 2011

Africa 7,873,700 2,066,846

Americas 0 0

Asia Pacific 58,213,300 12,297,138

Europe: Eastern 0 0

Europe: Western 11,800,000 1,839,620

Middle East 20,164,950 19,508,274

USA/Canada 0 0

Total 98,051,950 35,711,878






ownership

7,873,700 2,066,846 49,144,000 12,900,300 26.25% 7,630,000

34,853,400 4,513,515 1,211,604,000 156,902,716 12.95% 31,119,460

8,970,000 5,265,390 238,246,000 139,850,404 58.70% 8,500,000

14,389,900 2,518,233 27,693,000 4,846,275 17.50% 13,954,000

11,800,000 1,839,620 72,968,500 11,375,789 15.59% 11,600,000

207,300 207,300 812,737 812,737 100.00% 168,000

887,400 230,724 3,016,000 784,160 26.00% 830,680

19,070,250 19,070,250 28,961,500 28,961,500 100.00% 19,062,540





Q4 2010 Q1 2011-Q4 2010

2,002,875 63,971

4,029,970 483,545

4,989,500 275,890

2,441,950 76,283

1,808,440 31,180

168,000 39,300

215,977 14,747

19,062,540 7,710



STC

Total subscriptions










Total subscriptions














8,383,000 9,131,000 9,656,000 10,156,000 10,622,000 11,058,000

74,000,000 93,795,000 109,362,000 121,385,000 126,643,000 130,967,000

11,101,000 13,561,000 15,235,000 16,744,000 18,020,000 19,026,000

15,360,000 16,457,000 17,424,000 18,368,000 19,191,000 19,906,000

12,525,000 13,584,000 14,613,000 15,555,000 16,612,000 17,733,000

229,000 309,000 356,000 387,000 411,000 432,000

1,072,000 1,279,000 1,456,000 1,602,000 1,717,000 1,816,000

22,389,000 24,969,000 26,723,000 28,117,000 29,239,000 30,162,000

145,059,000 173,085,000 194,825,000 212,314,000 222,455,000 231,100,000


2,200,538 2,396,888 2,534,700 2,665,950 2,788,275 2,902,725

9,583,000 12,146,452 14,162,379 15,719,357 16,400,268 16,960,226

6,516,287 7,960,307 8,942,945 9,828,728 10,577,740 11,168,262

2,688,000 2,879,975 3,049,200 3,214,400 3,358,425 3,483,550

1,952,648 2,117,746 2,278,167 2,425,025 2,589,811 2,764,575

229,000 309,000 356,000 387,000 411,000 432,000

278,720 332,540 378,560 416,520 446,420 472,160

22,389,000 24,969,000 26,723,000 28,117,000 29,239,000 30,162,000

45,837,192 53,111,908 58,424,951 62,773,980 65,810,939 68,345,498


STC

STC top 10 networks by proportionate subscriptions, Q1 2011

STC networks by proportionate subscriptions


Middle East Saudi Arabia Saudi Telecom Company BGQRJBFKI

Asia Pacific Indonesia Natrindo Telepon Seluler BGQRS9JYU

Asia Pacific India Aircel C0OSZX19W

Asia Pacific Malaysia Maxis Communications BGQSSB42M

Africa South Africa Cell C BG037D4BH

Europe: Western Turkey Avea BPAC9Q2T2

Middle East Kuwait Kuwait Telecom Company C509RB39C

Middle East Bahrain Viva Bahrain CAO5IM975


Saudi Telecom Company (Saudi Arabia)

Natrindo Telepon Seluler (Indonesia)

Aircel (India)

Maxis Communications (Malaysia)

Cell C (South Africa)

Avea (Turkey)

Kuwait Telecom Company (Kuwait)

Viva Bahrain (Bahrain)





Saudi Telecom Company (Saudi Arabia) 19,070,250 19,070,250 40.39% 1

Natrindo Telepon Seluler (Indonesia) 5,265,390 8,970,000 4.20% 5

Aircel (India) 4,513,515 34,853,400 4.38% 7

Maxis Communications (Malaysia) 2,518,233 14,389,900 41.30% 1

Cell C (South Africa) 2,066,846 7,873,700 14.45% 3

Avea (Turkey) 1,839,620 11,800,000 19.12% 3

Kuwait Telecom Company (Kuwait) 230,724 887,400 19.13% 3

Viva Bahrain (Bahrain) 207,300 207,300 14.71% 3


Total Subscriptions

Saudi Telecom Company (Saudi Arabia)

Natrindo Telepon Seluler (Indonesia)

Aircel (India)

Maxis Communications (Malaysia)

Cell C (South Africa)

Avea (Turkey)

Kuwait Telecom Company (Kuwait)

Viva Bahrain (Bahrain)




Number of operators

4

8

15

4

5

3

3

3

STC

STC investment footprint



Tele2 Holding


ownership

Europe: Eastern Croatia Tele2 Croatia BYXU3KNBM 100.00%

Europe: Eastern Estonia Tele2 Estonia BGQRNR71H 100.00%

Europe: Eastern Kazakhstan Tele2 Kazakhstan CGL9I60KI 51.00%

Europe: Eastern Latvia Tele2 Latvia BGQRZ6DYN 100.00%

Europe: Eastern Lithuania Tele2 Lithuania BGQU1I61Q 100.00%

Europe: Eastern Russia Tele2 Russia BSCIW496A 100.00%

Europe: Western Netherlands Tele2 Nederland BG0E9IOFH 99.32%

Europe: Western Sweden Tele2 Sweden BG0RD9PUI 100.00%

Europe: Western Norway Tele2 Norway BGNZZIRPE 100.00%

Region Q1 2011 Q1 2011

Africa 0 0

Americas 0 0

Asia Pacific 0 0

Europe: Eastern 23,312,000 23,161,080

Europe: Western 3,949,000 3,946,729

Middle East 0 0

USA/Canada 0 0

Total 27,261,000 27,107,809






ownership

755,000 755,000 4,534,000 4,534,000 100.00% 738,000

467,000 467,000 1,323,500 1,323,500 100.00% 468,000

308,000 157,080 15,704,000 8,009,040 51.00% 332,000

1,016,000 1,016,000 2,249,000 2,249,000 100.00% 1,027,000

1,781,000 1,781,000 3,345,000 3,345,000 100.00% 1,799,120

18,985,000 18,985,000 58,503,000 58,503,000 100.00% 18,438,000

334,000 331,729 16,484,500 16,372,405 99.32% 358,000

3,615,000 3,615,000 9,221,500 9,221,500 100.00% 3,607,000

505,000 505,000 4,770,500 4,770,500 100.00% 497,000





Q4 2010 Q1 2011-Q4 2010

738,000 17,000

468,000 -1,000

169,320 -12,240

1,027,000 -11,000

1,799,120 -18,120

18,438,000 547,000

355,566 -23,837

3,607,000 8,000

497,000 8,000



Notes

MVNO in a market where Tele2 does not have a network

MVNO in a market where Tele2 does not have a physical network

Tele2 only owns 87.5% of Rostov Cellular Communications and 77.5% of Udumurtia Cellular Communications, but as Tele2 reports a consolidated figure for the Russian market, 100% ownership is reflected in WCI

Includes subscriptions for Svenska UMTS Nat, the WCDMA network Tele2 shares with TeliaSonera.

Tele2

Total subscriptions


Europe: Eastern Croatia Tele2 Croatia BYXU3KNBM 100.00% 841,000

Europe: Eastern Estonia Tele2 Estonia BGQRNR71H 100.00% 507,000

Europe: Eastern Kazakhstan Tele2 Kazakhstan CGL9I60KI 51.00% 403,000

Europe: Eastern Latvia Tele2 Latvia BGQRZ6DYN 100.00% 1,031,000

Europe: Eastern Lithuania Tele2 Lithuania BGQU1I61Q 100.00% 1,807,000

Europe: Eastern Russia Tele2 Russia BSCIW496A 100.00% 21,663,000

Europe: Western Netherlands Tele2 Nederland BG0E9IOFH 99.32% 0

Europe: Western Sweden Tele2 Sweden BG0RD9PUI 100.00% 3,806,000

Europe: Western Norway Tele2 Norway BGNZZIRPE 100.00% 0




Europe: Eastern Croatia Tele2 Croatia BYXU3KNBM 100.00% 841,000

Europe: Eastern Estonia Tele2 Estonia BGQRNR71H 100.00% 507,000

Europe: Eastern Kazakhstan Tele2 Kazakhstan CGL9I60KI 51.00% 205,530

Europe: Eastern Latvia Tele2 Latvia BGQRZ6DYN 100.00% 1,031,000

Europe: Eastern Lithuania Tele2 Lithuania BGQU1I61Q 100.00% 1,807,000

Europe: Eastern Russia Tele2 Russia BSCIW496A 100.00% 21,663,000

Europe: Western Netherlands Tele2 Nederland BG0E9IOFH 99.32% 0

Europe: Western Sweden Tele2 Sweden BG0RD9PUI 100.00% 3,806,000

Europe: Western Norway Tele2 Norway BGNZZIRPE 100.00% 0



F12


F14


F25


F27



921,900 977,000 1,023,000 1,064,000 1,099,000

530,000 545,300 556,000 562,000 564,200

513,000 644,000 790,000 910,000 980,000

1,040,800 1,054,000 1,068,000 1,080,000 1,090,400

1,831,200 1,849,000 1,862,000 1,873,000 1,883,000

24,861,000 26,562,000 27,528,000 28,073,000 28,364,000

0 0 0 0 0

3,967,000 4,058,000 4,124,000 4,178,000 4,226,000

0 0 0 0 0

33,664,900 35,689,300 36,951,000 37,740,000 38,206,600


921,900 977,000 1,023,000 1,064,000 1,099,000

530,000 545,300 556,000 562,000 564,200

261,630 328,440 402,900 464,100 499,800

1,040,800 1,054,000 1,068,000 1,080,000 1,090,400

1,831,200 1,849,000 1,862,000 1,873,000 1,883,000

24,861,000 26,562,000 27,528,000 28,073,000 28,364,000

0 0 0 0 0

3,967,000 4,058,000 4,124,000 4,178,000 4,226,000

0 0 0 0 0

33,413,530 35,373,740 36,563,900 37,294,100 37,726,400


G12


H12


I12


J12


K12


G14


H14


I14


J14


K14


G25


H25


I25


J25


K25


G27


H27


I27


J27


K27


Tele2

Tele2 top 10 networks by proportionate subscriptions, Q1 2011

Tele2 networks by proportionate subscriptions


Europe: Eastern Russia Tele2 Russia BSCIW496A

Europe: Western Sweden Tele2 Sweden BG0RD9PUI

Europe: Eastern Lithuania Tele2 Lithuania BGQU1I61Q

Europe: Eastern Latvia Tele2 Latvia BGQRZ6DYN

Europe: Eastern Croatia Tele2 Croatia BYXU3KNBM

Europe: Western Norway Tele2 Norway BGNZZIRPE

Europe: Eastern Estonia Tele2 Estonia BGQRNR71H

Europe: Western Netherlands Tele2 Nederland BG0E9IOFH

Europe: Eastern Kazakhstan Tele2 Kazakhstan CGL9I60KI


**MVNO


Tele2 Russia (Russia)

Tele2 Sweden (Sweden)

Tele2 Lithuania (Lithuania)

Tele2 Latvia (Latvia)

Tele2 Croatia (Croatia)

Tele2 Norway (Norway)

Tele2 Estonia (Estonia)

Tele2 Nederland (Netherlands)

Tele2 Kazakhstan (Kazakhstan)





Tele2 Russia (Russia) 18,985,000 18,985,000 8.54% 4

Tele2 Sweden (Sweden) 3,615,000 3,615,000 27.68% 2

Tele2 Lithuania (Lithuania) 1,781,000 1,781,000 37.19% 2

Tele2 Latvia (Latvia) 1,016,000 1,016,000 40.61% 2

Tele2 Croatia (Croatia) 755,000 755,000 11.72% 3

Tele2 Norway (Norway) 505,000 505,000 n/a** n/a**

Tele2 Estonia (Estonia) 467,000 467,000 26.91% 2

Tele2 Nederland (Netherlands) 331,729 334,000 n/a** n/a**

Tele2 Kazakhstan (Kazakhstan) 157,080 308,000 1.71% 4



Total Subscriptions

Tele2 Russia (Russia)

Tele2 Sweden (Sweden)

Tele2 Lithuania (Lithuania)

Tele2 Latvia (Latvia)

Tele2 Croatia (Croatia)

Tele2 Norway (Norway)

Tele2 Estonia (Estonia)

Tele2 Nederland (Netherlands)

Tele2 Kazakhstan (Kazakhstan)




Number of operators

10*

5

3

4

3

4

4

3

4

Tele2

Tele2 investment footprint



Telecom Italia


ownership

Americas Argentina Telecom Personal BGTRP9EA4 25.23%

Americas Brazil TIM Brasil BG0AHMMSW 100.00%

Americas Paraguay Núcleo BGRQW0RAI 17.03%

Europe: Western Italy Telecom Italia BGXZ9KO9F 100.00%

Region Q1 2011 Q1 2011


Africa 0 0

Americas 71,839,150 57,626,590

Asia Pacific 0 0

Europe: Eastern 0 0

Europe: Western 31,038,000 31,038,000

Middle East 0 0

USA/Canada 0 0

Total 102,877,150 88,664,590





ownership

16,900,000 4,263,870 40,539,000 10,227,990 21.52% 16,300,000

53,039,150 53,039,150 197,766,500 197,766,500 100.00% 51,027,620

1,900,000 323,570 6,404,500 1,090,686 14.53% 1,868,000

31,038,000 31,038,000 58,990,538 58,990,538 100.00% 31,018,000





Q4 2010 Q1 2011-Q4 2010


3,507,760 756,110

51,027,620 2,011,530

271,420 52,150

31,018,000 20,000


Notes

Stake held through TIM Participações, SA Stake held through TIM Participações, SA

Also known as Telecom Personal (based in Argentina). Stake held through Telecom Personal ArgentinaAlso known as Telecom Personal (based in Argentina). Stake held through Telecom Personal Argentina

Stake held through TIM Participações, SA

Also known as Telecom Personal (based in Argentina). Stake held through Telecom Personal Argentina

Telecom Italia

Total subscriptions






Total subscriptions










18,177,000 19,380,000 20,585,000 21,541,000 22,306,000 22,928,000

57,700,000 64,398,000 69,936,000 74,534,000 78,253,000 81,212,000

1,970,000 1,994,000 2,010,000 2,029,100 2,064,000 2,096,000

32,061,000 32,935,000 33,455,000 33,955,000 34,403,000 34,795,000

109,908,000 118,707,000 125,986,000 132,059,100 137,026,000 141,031,000


4,586,057 4,889,574 5,193,595 5,434,794 5,627,804 5,784,734

57,700,000 64,398,000 69,936,000 74,534,000 78,253,000 81,212,000

335,491 339,578 342,303 345,556 351,499 356,949

32,061,000 32,935,000 33,455,000 33,955,000 34,403,000 34,795,000

94,682,548 102,562,152 108,926,898 114,269,350 118,635,303 122,148,683


Telecom Italia

Telecom Italia top 10 networks by proportionate subscriptions, Q1 2011

Telecom Italia networks by proportionate subscriptions


Americas Brazil TIM Brasil BG0AHMMSW

Europe: Western Italy Telecom Italia BGXZ9KO9F

Americas Argentina Telecom Personal BGTRP9EA4

Americas Paraguay Núcleo BGRQW0RAI

*Alice is an MVNO on O2's physical network.


TIM Brasil (Brazil)

Telecom Italia (Italy)

Telecom Personal (Argentina)

Núcleo (Paraguay)

0 4 8 12 16 20 24 28 32 36 40 44 48 52 56Subscriptions (millions)




TIM Brasil (Brazil) 53,039,150 53,039,150 24.76%

Telecom Italia (Italy) 31,038,000 31,038,000 35.25%

Telecom Personal (Argentina) 4,263,870 16,900,000 32.38%

Núcleo (Paraguay) 323,570 1,900,000 29.15%


TIM Brasil (Brazil)

Telecom Italia (Italy)

Telecom Personal (Argentina)

Núcleo (Paraguay)

0 4 8 12 16 20 24 28 32 36 40 44 48 52 56Subscriptions (millions)




3 8

1 4

2 4

2 4

Telecom Italia

Telecom Italia investment footprint



Telefonica SA


ownership ownership

Africa Angola Unitel Angola BEBDQMUBY 0.38% 6,270,400 23,828 18,253,000 69,361 0.38% 6,128,000 23,286 541 Held via stake in Portugal Telecom

Africa Cape Verde Cabo Verde Telecom BGNZ3OMB5 0.61% 328,400 2,003 561,000 3,422 0.61% 320,600 1,956 48 Held via stake in Portugal Telecom

Africa Guinea-Bissau Guinetel C1YV0HJXL 0.83% 79,600 661 1,827,500 15,168 0.83% 77,300 642 19 Held via stake in Portugal Telecom

Africa Namibia MTC Namibia BGO100DR1 0.52% 1,566,800 8,147 2,143,500 11,146 0.52% 1,530,000 7,956 191 Held via stake in Portugal Telecom

Africa CST Mobicel BLBRIOMIC 0.77% 104,400 804 164,000 1,263 0.77% 100,000 770 34 Held via stake in Portugal Telecom

Americas Argentina Telefónica Móviles Argentina BNA30VAWP 100.00% 15,999,700 15,999,700 40,539,000 40,539,000 100.00% 16,148,900 16,148,900 -149,200

Americas Argentina Telecom Personal BGTRP9EA4 2.39% 16,900,000 403,910 40,539,000 968,882 2.23% 16,300,000 363,490 40,420 Held via stake in Telecom Italia

Americas Brazil TIM Brasil BG0AHMMSW 9.48% 53,039,150 5,028,111 197,766,500 18,748,263 9.48% 51,027,620 4,837,418 190,693

Americas Brazil Vivo BYB0CXGU5 63.61% 58,648,580 37,306,362 197,766,500 125,799,272 63.61% 56,111,130 35,692,290 1,614,072

Americas Chile Telefónica Móviles Chile BSALD9VLO 100.00% 9,100,600 9,100,600 17,043,538 17,043,538 100.00% 8,794,000 8,794,000 306,600

Americas Colombia Telefónica Móviles Colombia BGZ5YXEXB 100.00% 9,970,600 9,970,600 47,595,500 47,595,500 100.00% 10,004,500 10,004,500 -33,900

Americas Ecuador Otecel BGSI8ONTO 100.00% 4,392,400 4,392,400 13,703,500 13,703,500 100.00% 4,219,810 4,219,810 172,590

Americas El Salvador Telefonica Moviles El Salvador BG038HFOQ 99.08% 1,391,520 1,378,718 7,094,500 7,029,231 99.08% 1,344,920 1,332,547 46,171

Americas Guatemala Telefónica Móviles Guatemala BSCGRRFLU 100.00% 1,987,890 1,987,890 14,210,500 14,210,500 100.00% 1,921,320 1,921,320 66,570

Americas Mexico Telefónica Móviles Mexico BGUW9XUGP 100.00% 20,057,000 20,057,000 109,690,000 109,690,000 100.00% 19,661,600 19,661,600 395,400

Americas Nicaragua Telefonía Celular de Nicaragua BGRR12VXT 100.00% 1,126,470 1,126,470 5,795,000 5,795,000 100.00% 1,088,400 1,088,400

Americas Panama Telefónica Móviles Panamá BRGIJ8ICQ 100.00% 2,120,420 2,120,420 3,481,000 3,481,000 100.00% 2,049,060 2,049,060 71,360

Americas Paraguay Núcleo BGRQW0RAI 1.61% 1,900,000 30,590 6,404,500 103,112 1.51% 1,868,000 28,207 2,383 Held via stake in Telecom Italia

Americas Peru Telefonica Móviles BGRQR9UUB 98.33% 12,560,000 12,350,248 28,732,000 28,252,176 98.33% 12,507,100 12,298,231 52,017

Americas Uruguay Telefónica Móviles del Uruguay BNA31KW3K 100.00% 1,743,100 1,743,100 3,369,000 3,369,000 100.00% 1,708,500 1,708,500 34,600

Americas Venezuela Telefonica Moviles Venezuela BGRQL2DXW 100.00% 9,078,100 9,078,100 28,813,000 28,813,000 100.00% 9,514,700 9,514,700 -436,600

Asia Pacific China China Unicom BY1DNO1TL 8.37% 155,476,400 13,013,375 1,347,659,000 112,799,057 8.37% 153,367,000 12,836,818 176,557

Asia Pacific East Timor Timor Telecom BLCGRQ40T 0.83% 474,780 3,941 1,141,500 9,474 0.83% 442,500 3,673 268 Held via stake in Portugal Telecom

Asia Pacific Macau CTM BGRDR6L6H 0.57% 555,600 3,167 488,500 2,784 0.57% 550,000 3,135 32 Held via stake in Portugal Telecom

Europe: Eastern Czech Republic Telefonica O2 Czech Republic BWXDVFNX0 69.40% 4,826,600 3,349,660 10,176,500 7,062,491 69.40% 4,838,600 3,357,988 -8,328

Europe: Eastern Slovak Republic Telefonica O2 Slovak Republic BW8LQOLF1 69.40% 947,700 657,704 5,395,000 3,744,130 69.40% 880,400 610,998 46,706

Europe: Western Germany O2 Germany BI789TYJH 100.00% 17,352,200 17,352,200 82,396,231 82,396,231 100.00% 17,049,290 17,049,290 302,910

Europe: Western Ireland O2 Ireland BI78DODUM 100.00% 1,680,300 1,680,300 4,488,000 4,488,000 100.00% 1,659,800 1,659,800 20,500

Europe: Western Italy Telecom Italia BGXZ9KO9F 9.48% 31,038,000 2,942,402 58,990,538 5,592,303 9.48% 31,018,000 2,940,506 1,896

Europe: Western Portugal TMN BGQDPD1XI 2.02% 7,414,000 149,763 10,740,609 216,960 2.02% 7,419,000 149,864 -101

Europe: Western Spain Telefónica Móviles BGQEMOLTB 100.00% 24,366,400 24,366,400 44,937,000 44,937,000 100.00% 24,309,600 24,309,600 56,800

Europe: Western UK O2 (UK) BI784HVLD 100.00% 23,636,400 23,636,400 61,390,000 61,390,000 100.00% 23,461,500 23,461,500 174,900

Region Q1 2011 Q1 2011


Africa 8,349,600 35,443

Americas 220,015,530 132,074,220

Asia Pacific 156,506,780 13,020,482

Europe: Eastern 5,774,300 4,007,364

Europe: Western 105,487,300 70,127,465

Middle East 0 0

USA/Canada 0 0

Total 496,133,510 219,264,974







Sao Tomé & Principe

Total direct and indirect ownership via Telefonica and stakes subsidiary companies



Telefonica SA

Total subscriptions







Americas Argentina Telefónica Móviles Argentina BNA30VAWP



Americas Brazil Vivo BYB0CXGU5

Americas Chile Telefónica Móviles Chile BSALD9VLO

Americas Colombia Telefónica Móviles Colombia BGZ5YXEXB

Americas Ecuador Otecel BGSI8ONTO

Americas El Salvador Telefonica Moviles El Salvador BG038HFOQ

Americas Guatemala Telefónica Móviles Guatemala BSCGRRFLU

Americas Mexico Telefónica Móviles Mexico BGUW9XUGP

Americas Nicaragua Telefonía Celular de Nicaragua BGRR12VXT

Americas Panama Telefónica Móviles Panamá BRGIJ8ICQ


Americas Peru Telefonica Móviles BGRQR9UUB

Americas Uruguay Telefónica Móviles del Uruguay BNA31KW3K

Americas Venezuela Telefonica Moviles Venezuela BGRQL2DXW




Europe: Eastern Czech Republic Telefonica O2 Czech Republic BWXDVFNX0

Europe: Eastern Slovak Republic Telefonica O2 Slovak Republic BW8LQOLF1

Europe: Western Germany O2 Germany BI789TYJH

Europe: Western Ireland O2 Ireland BI78DODUM



Europe: Western Spain Telefónica Móviles BGQEMOLTB

Europe: Western UK O2 (UK) BI784HVLD

Total subscriptions




















0.38% 7,413,000 8,152,000 8,941,000 9,669,000 10,342,000 10,963,000

0.61% 360,000 394,000 423,000 446,000 463,000 476,000

0.83% 91,000 106,600 119,800 130,100 140,000 150,000

0.52% 1,745,000 1,936,000 2,071,000 2,164,000 2,225,000 2,259,000

0.77% 110,000 118,900 123,000 126,000 128,000 129,000

100.00% 15,977,000 16,270,000 16,406,000 16,576,000 16,756,000 16,938,000

2.39% 18,177,000 19,380,000 20,585,000 21,541,000 22,306,000 22,928,000

9.48% 57,700,000 64,398,000 69,936,000 74,534,000 78,253,000 81,212,000

63.61% 66,111,000 71,002,000 74,460,800 77,023,700 78,828,400 80,396,300

100.00% 9,683,000 10,650,000 11,136,000 11,472,000 11,686,000 11,800,000

100.00% 11,117,500 12,263,800 12,958,300 13,561,100 14,127,100 14,615,100

100.00% 4,637,000 5,007,700 5,255,000 5,448,200 5,599,100 5,722,100

99.08% 1,520,000 1,702,000 1,823,000 1,919,000 1,995,000 2,055,000

100.00% 2,641,000 2,742,000 2,844,000 2,947,000 3,040,000 3,127,000

100.00% 22,360,000 24,801,000 26,626,000 28,236,000 29,603,000 30,724,000

100.00% 1,061,300 1,152,100 1,220,000 1,271,000 1,311,000 1,344,000

100.00% 1,873,000 2,089,000 2,242,000 2,364,000 2,460,000 2,539,000

1.61% 1,970,000 1,994,000 2,010,000 2,029,100 2,064,000 2,096,000

98.33% 13,637,000 14,617,700 15,310,500 15,968,100 16,471,100 16,834,100

100.00% 1,864,500 1,958,000 2,022,000 2,078,000 2,123,000 2,164,000

100.00% 9,559,000 9,717,000 9,879,000 10,046,000 10,246,000 10,464,900

8.37% 197,235,000 214,816,000 231,453,000 248,114,000 264,416,000 280,152,000

0.83% 520,900 574,000 619,000 656,000 688,000 716,000

0.57% 595,000 646,000 696,000 736,000 768,000 794,000

69.40% 4,472,000 4,674,000 4,730,000 4,782,000 4,826,000 4,863,000

69.40% 1,182,800 1,441,200 1,625,000 1,776,000 1,895,000 1,986,000

100.00% 17,955,000 18,900,000 19,786,000 20,584,000 21,298,000 21,904,000

100.00% 1,665,000 1,679,400 1,690,000 1,709,000 1,735,000 1,766,000

9.48% 32,061,000 32,935,000 33,455,000 33,955,000 34,403,000 34,795,000

2.02% 7,702,000 7,961,000 8,153,000 8,312,000 8,435,000 8,527,000

100.00% 24,400,000 24,631,000 25,225,000 25,791,000 26,307,000 26,773,000

100.00% 24,869,000 26,132,000 26,909,000 27,641,000 28,302,000 28,895,000

562,265,000 604,841,400 640,732,400 673,605,300 703,239,700 730,107,500


0.38% 28,169 30,978 33,976 36,742 39,300 41,659

0.61% 2,196 2,403 2,580 2,721 2,824 2,904

0.83% 755 885 994 1,080 1,162 1,245

0.52% 9,074 10,067 10,769 11,253 11,570 11,747

0.77% 847 916 947 970 986 993

100.00% 15,977,000 16,270,000 16,406,000 16,576,000 16,756,000 16,938,000

2.39% 434,430 463,182 491,982 514,830 533,113 547,979

9.48% 5,469,960 6,104,930 6,629,932 7,065,823 7,418,384 7,698,897

63.61% 42,053,208 45,164,373 47,364,515 48,994,776 50,142,746 51,140,087

100.00% 9,683,000 10,650,000 11,136,000 11,472,000 11,686,000 11,800,000

100.00% 11,117,500 12,263,800 12,958,300 13,561,100 14,127,100 14,615,100

100.00% 4,637,000 5,007,700 5,255,000 5,448,200 5,599,100 5,722,100

99.08% 1,506,016 1,686,342 1,806,228 1,901,345 1,976,646 2,036,094

100.00% 2,641,000 2,742,000 2,844,000 2,947,000 3,040,000 3,127,000

100.00% 22,360,000 24,801,000 26,626,000 28,236,000 29,603,000 30,724,000


100.00% 1,061,300 1,152,100 1,220,000 1,271,000 1,311,000 1,344,000

100.00% 1,873,000 2,089,000 2,242,000 2,364,000 2,460,000 2,539,000

1.61% 31,717 32,103 32,361 32,669 33,230 33,746

98.33% 13,409,262 14,373,585 15,054,815 15,701,433 16,196,033 16,552,971

100.00% 1,864,500 1,958,000 2,022,000 2,078,000 2,123,000 2,164,000

100.00% 9,559,000 9,717,000 9,879,000 10,046,000 10,246,000 10,464,900

8.37% 16,508,569 17,980,099 19,372,616 20,767,142 22,131,619 23,448,722

0.83% 4,323 4,764 5,138 5,445 5,710 5,943

0.57% 3,391 3,682 3,967 4,195 4,378 4,526

69.40% 3,103,568 3,243,756 3,282,620 3,318,708 3,349,244 3,374,922

69.40% 820,863 1,000,193 1,127,750 1,232,544 1,315,130 1,378,284

100.00% 17,955,000 18,900,000 19,786,000 20,584,000 21,298,000 21,904,000

100.00% 1,665,000 1,679,400 1,690,000 1,709,000 1,735,000 1,766,000

9.48% 3,039,383 3,122,238 3,171,534 3,218,934 3,261,404 3,298,566

2.02% 155,580 160,812 164,691 167,902 170,387 172,245

100.00% 24,400,000 24,631,000 25,225,000 25,791,000 26,307,000 26,773,000

100.00% 24,869,000 26,132,000 26,909,000 27,641,000 28,302,000 28,895,000

236,243,613 251,378,307 262,755,716 272,702,811 281,187,066 288,527,630

Telefonica SA

Telefonica SA top 10 networks by proportionate subscriptions, Q1 2011

Telefonica SA networks by proportionate subscriptions


























Vivo (Brazil)

Telefónica Móviles (Spain)

O2 (UK) (UK)

Telefónica Móviles Mexico (Mexico)

O2 Germany (Germany)

Telefónica Móviles Argentina (Argentina)


Telefonica Móviles (Peru)

Telefónica Móviles Colombia (Colombia)

Telefónica Móviles Chile (Chile)

Telefonica Moviles Venezuela (Venezuela)





Vivo (Brazil) 37,306,362 58,648,580 27.38%

Telefónica Móviles (Spain) 24,366,400 24,366,400 43.15%

O2 (UK) (UK) 23,636,400 23,636,400 30.47%

Telefónica Móviles Mexico (Mexico) 20,057,000 20,057,000 21.53%

O2 Germany (Germany) 17,352,200 17,352,200 16.67%

Telefónica Móviles Argentina (Argentina) 15,999,700 15,999,700 30.66%

China Unicom (China) 13,013,375 155,476,400 17.83%

Telefonica Móviles (Peru) 12,350,248 12,560,000 52.81%

Telefónica Móviles Colombia (Colombia) 9,970,600 9,970,600 22.51%

Telefónica Móviles Chile (Chile) 9,100,600 9,100,600 41.28%

Telefonica Moviles Venezuela (Venezuela) 9,078,100 9,078,100 31.57%

TIM Brasil (Brazil) 5,028,111 53,039,150 24.76%

Otecel (Ecuador) 4,392,400 4,392,400 28.88%

Telefonica O2 Czech Republic (Czech Republic) 3,349,660 4,826,600 35.49%

Telecom Italia (Italy) 2,942,402 31,038,000 35.25%

Telefónica Móviles Panamá (Panama) 2,120,420 2,120,420 30.53%

Telefónica Móviles Guatemala (Guatemala) 1,987,890 1,987,890 15.18%

Telefónica Móviles del Uruguay (Uruguay) 1,743,100 1,743,100 36.68%

O2 Ireland (Ireland) 1,680,300 1,680,300 32.25%

Telefonica Moviles El Salvador (El Salvador) 1,378,718 1,391,520 18.71%

Telefonía Celular de Nicaragua (Nicaragua) 1,126,470 1,126,470 30.79%

Telefonica O2 Slovak Republic (Slovak Republic) 657,704 947,700 15.34%

Telecom Personal (Argentina) 403,910 16,900,000 32.38%

TMN (Portugal) 149,763 7,414,000 43.59%


Total Subscriptions

Vivo (Brazil)

Telefónica Móviles (Spain)

O2 (UK) (UK)

Telefónica Móviles Mexico (Mexico)

O2 Germany (Germany)

Telefónica Móviles Argentina (Argentina)


Telefonica Móviles (Peru)

Telefónica Móviles Colombia (Colombia)

Telefónica Móviles Chile (Chile)

Telefonica Moviles Venezuela (Venezuela)




Núcleo (Paraguay) 30,590 1,900,000 29.15%

Unitel Angola (Angola) 23,828 6,270,400 73.24%

MTC Namibia (Namibia) 8,147 1,566,800 81.50%

Timor Telecom (East Timor) 3,941 474,780 100.00%

CTM (Macau) 3,167 555,600 50.58%

Cabo Verde Telecom (Cape Verde) 2,003 328,400 84.75%

CST Mobicel (Sao Tomé & Principe) 804 104,400 100.00%

Guinetel (Guinea-Bissau) 661 79,600 9.26%


1 8

1 4

2 4

2 4

4 4

3 4

2 3

1 3

2 3

1 4

2 3

3 8

2 3

2 4

1 4

2 4

3 4

2 3

2 4

3 5

2 2

3 3

2 4

1 3

2 4

1 2

1 3

1 1

1 4

1 2

1 1

3 3

Telefonica SA

Telefonica SA investment footprint



Telekom Austria


ownership

Europe: Eastern Belarus Velcom BGNY58UYY 70.00%

Europe: Eastern Bulgaria MobilTel BGQRC99X2 100.00%

Europe: Eastern Croatia Vipnet BG0DVFDTR 100.00%

Europe: Eastern Macedonia Vip C1OV092J2 100.00%

Europe: Eastern Serbia Vip Mobile C0UI7QJNU 100.00%

Europe: Eastern Slovenia Si.Mobil BGRDDF2GN 100.00%

Europe: Western Austria mobilkom Austria BG0IEFDKJ 100.00%

Europe: Western Liechtenstein mobilkom Liechtenstein BG0UJR6GZ 100.00%

Region Q1 2011 Q1 2011


Africa 0 0

Americas 0 0

Asia-Pacific 0 0

Europe: Eastern 14,923,300 13,598,680

Europe: Western 5,151,900 5,151,900

Middle East 0 0

USA/Canada 0 0

Total 20,075,200 18,750,580





ownership

4,415,400 3,090,780 9,555,500 6,688,850 70.00% 4,497,230

5,277,400 5,277,400 7,498,500 7,498,500 100.00% 5,248,700

2,682,000 2,682,000 4,534,000 4,534,000 100.00% 2,749,500

490,500 490,500 2,040,500 2,040,500 100.00% 442,200

1,428,100 1,428,100 8,287,500 8,287,500 100.00% 1,359,700

629,900 629,900 2,000,500 2,000,500 100.00% 618,900

5,145,400 5,145,400 8,427,000 8,427,000 100.00% 5,105,200

6,500 6,500 36,000 36,000 100.00% 6,400





Q4 2010 Q1 2011-Q4 2010

3,148,061 -57,281

5,248,700 28,700

2,749,500 -67,500

442,200 48,300

1,359,700 68,400

618,900 11,000

5,105,200 40,200

6,400 100



Telekom Austria

Total subscriptions


Europe: Eastern Belarus Velcom BGNY58UYY 70.00% 5,222,000

Europe: Eastern Bulgaria MobilTel BGQRC99X2 100.00% 5,251,000

Europe: Eastern Croatia Vipnet BG0DVFDTR 100.00% 2,851,700

Europe: Eastern Macedonia Vip C1OV092J2 100.00% 570,500

Europe: Eastern Serbia Vip Mobile C0UI7QJNU 100.00% 1,683,000

Europe: Eastern Slovenia Si.Mobil BGRDDF2GN 100.00% 651,000

Europe: Western Austria mobilkom Austria BG0IEFDKJ 100.00% 5,369,000

Europe: Western Liechtenstein mobilkom Liechtenstein BG0UJR6GZ 100.00% 6,400




Europe: Eastern Belarus Velcom BGNY58UYY 70.00% 3,655,400

Europe: Eastern Bulgaria MobilTel BGQRC99X2 100.00% 5,251,000

Europe: Eastern Croatia Vipnet BG0DVFDTR 100.00% 2,851,700

Europe: Eastern Macedonia Vip C1OV092J2 100.00% 570,500

Europe: Eastern Serbia Vip Mobile C0UI7QJNU 100.00% 1,683,000

Europe: Eastern Slovenia Si.Mobil BGRDDF2GN 100.00% 651,000

Europe: Western Austria mobilkom Austria BG0IEFDKJ 100.00% 5,369,000

Europe: Western Liechtenstein mobilkom Liechtenstein BG0UJR6GZ 100.00% 6,400




5,909,500 6,283,800 6,549,000 6,729,000 6,843,000

5,256,000 5,270,400 5,287,000 5,301,000 5,314,100

2,917,000 2,971,000 3,010,000 3,035,000 3,048,000

672,000 748,000 795,000 823,000 839,000

1,976,000 2,192,000 2,328,000 2,412,000 2,465,000

682,000 708,000 729,000 743,300 752,000

5,540,000 5,635,000 5,690,000 5,716,000 5,726,000

6,600 6,600 6,700 6,700 6,900

22,959,100 23,814,800 24,394,700 24,766,000 24,994,000


4,136,650 4,398,660 4,584,300 4,710,300 4,790,100

5,256,000 5,270,400 5,287,000 5,301,000 5,314,100

2,917,000 2,971,000 3,010,000 3,035,000 3,048,000

672,000 748,000 795,000 823,000 839,000

1,976,000 2,192,000 2,328,000 2,412,000 2,465,000

682,000 708,000 729,000 743,300 752,000

5,540,000 5,635,000 5,690,000 5,716,000 5,726,000

6,600 6,600 6,700 6,700 6,900

21,186,250 21,929,660 22,430,000 22,747,300 22,941,100


Telekom Austria

Telekom Austria top 10 networks by proportionate subscriptions, Q1 2011

Telekom Austria networks by proportionate subscriptions


Europe: Eastern Bulgaria MobilTel BGQRC99X2

Europe: Western Austria mobilkom Austria BG0IEFDKJ

Europe: Eastern Belarus Velcom BGNY58UYY

Europe: Eastern Croatia Vipnet BG0DVFDTR

Europe: Eastern Serbia Vip Mobile C0UI7QJNU

Europe: Eastern Slovenia Si.Mobil BGRDDF2GN

Europe: Eastern Macedonia Vip C1OV092J2

Europe: Western Liechtenstein mobilkom Liechtenstein BG0UJR6GZ


MobilTel (Bulgaria)

mobilkom Austria (Austria)

Velcom (Belarus)

Vipnet (Croatia)

Vip Mobile (Serbia)

Si.Mobil (Slovenia)

Vip (Macedonia)

mobilkom Liechtenstein (Liechtenstein)





MobilTel (Bulgaria) 5,277,400 5,277,400 49.86%

mobilkom Austria (Austria) 5,145,400 5,145,400 41.66%

Velcom (Belarus) 3,090,780 4,415,400 40.05%

Vipnet (Croatia) 2,682,000 2,682,000 41.63%

Vip Mobile (Serbia) 1,428,100 1,428,100 13.06%

Si.Mobil (Slovenia) 629,900 629,900 30.14%

Vip (Macedonia) 490,500 490,500 22.02%

mobilkom Liechtenstein (Liechtenstein) 6,500 6,500 20.78%


Total Subscriptions

MobilTel (Bulgaria)

mobilkom Austria (Austria)

Velcom (Belarus)

Vipnet (Croatia)

Vip Mobile (Serbia)

Si.Mobil (Slovenia)

Vip (Macedonia)

mobilkom Liechtenstein (Liechtenstein)





1 3

1 4

2 4

2 3

3 3

2 3

2 3

3 4

Telekom Austria

Telekom Austria investment footprint



Telenor


ownership

Asia Pacific Bangladesh GrameenPhone BGQDJFVFO 55.80% 31,982,000

Asia Pacific Cambodia Sotelco C1A0VZ3EA 35.62% 754,300

Asia Pacific India Unitech Wireless C3IGZX0T6 67.25% 9,267,040

Asia Pacific Malaysia DiGi BGQSRXJY6 49.00% 8,843,000

Asia Pacific Pakistan Telenor Pakistan BN0WYM5XB 100.00% 25,753,000

Asia Pacific Thailand DTAC BGR0I47SY 51.18% 22,345,030

Asia Pacific Vietnam GTEL Mobile C599QBWFI 15.83% 1,336,200

Europe: Eastern Albania Albanian Mobile Communications BEF4PVJSC 3.00% 2,033,600

Europe: Eastern Armenia Armentel BEH4MR6BO 39.58% 699,200

Europe: Eastern Georgia Mobitel Georgia BW170D4W1 20.19% 610,900

Europe: Eastern Hungary Telenor Hungary BGXYQZ4G2 100.00% 3,548,070

Europe: Eastern Kazakhstan Kar-Tel BGNZD9BS1 29.69% 6,987,000

Europe: Eastern Montenegro Telenor Montenegro CCJMZD9AN 100.00% 429,260

Europe: Eastern Russia Vimpelcom BGNZVHDID 39.58% 52,991,400

Europe: Eastern Serbia Telenor Serbia BY8GADBPE 100.00% 3,059,000

Europe: Eastern Tadjikistan Tacom BPGEVIS6A 31.66% 803,500

Europe: Eastern Ukraine Kyivstar BGQR0XL9F 39.58% 24,380,000

Europe: Eastern Uzbekistan Unitel Uzbekistan BS9PR4SXO 39.58% 5,101,700

Europe: Western Denmark Telenor Denmark C7S9CV9NG 100.00% 1,968,000

Europe: Western Norway Telenor Mobil BGO004R0Q 100.00% 3,234,000

Europe: Western Sweden Telenor Sweden BW8RPV0IL 100.00% 2,083,550

Region Q1 2011 Q1 2011


Africa 0 0

Americas 0 0

Asia Pacific 100,280,570 66,080,499

Europe: Eastern 100,643,630 42,469,103

Europe: Western 7,285,550 7,285,550

Middle East 0 0

USA/Canada 0 0

Total 208,209,750 115,835,152






ownership

17,845,956 165,302,500 92,238,794 55.80% 29,971,000 16,723,818

268,682 15,097,000 5,377,551 35.62% 651,000 231,886

6,232,084 595,405,000 400,409,863 67.25% 7,103,970 4,777,420

4,333,070 27,693,000 13,569,570 49.00% 8,765,000 4,294,850

25,753,000 171,824,000 171,824,000 100.00% 24,692,000 24,692,000

11,436,186 64,912,500 33,222,218 51.18% 21,620,400 11,065,321

211,520 90,263,500 14,288,712 15.83% 1,230,000 194,709

61,008 3,236,000 97,080 3.00% 2,022,540 60,676

276,743 2,990,000 1,183,442 39.58% 672,300 266,096

123,341 4,318,000 871,804 20.19% 560,200 113,104

3,548,070 9,954,500 9,954,500 100.00% 3,583,050 3,583,050

2,074,440 15,704,000 4,662,518 29.69% 6,867,000 2,038,812

429,260 650,000 650,000 100.00% 490,370 490,370

20,973,996 140,681,500 55,681,738 39.58% 52,020,000 20,589,517

3,059,000 8,287,500 8,287,500 100.00% 3,007,000 3,007,000

254,388 7,011,000 2,219,683 31.66% 787,260 249,247

9,649,604 45,344,500 17,947,353 39.58% 24,390,000 9,653,562

2,019,253 28,381,000 11,233,200 39.58% 4,821,700 1,908,429

1,968,000 5,467,500 5,467,500 100.00% 2,014,000 2,014,000

3,234,000 4,770,500 4,770,500 100.00% 3,214,000 3,214,000

2,083,550 9,221,500 9,221,500 100.00% 2,061,000 2,061,000





Q1 2011-Q4 2010 Notes

1,122,138

36,795

1,454,665

38,220

1,061,000

370,866

16,811

332

10,647 Held via VimpelCom


-34,980


-61,110 Held through holding company

384,479

52,000

5,142 Held via Vimpelcom

-3,958


-46,000

20,000

22,550


Telenor

Total subscriptions


Asia Pacific Bangladesh GrameenPhone BGQDJFVFO 55.80%

Asia Pacific Cambodia Sotelco C1A0VZ3EA 35.62%

Asia Pacific India Unitech Wireless C3IGZX0T6 67.25%

Asia Pacific Malaysia DiGi BGQSRXJY6 49.00%

Asia Pacific Pakistan Telenor Pakistan BN0WYM5XB 100.00%

Asia Pacific Thailand DTAC BGR0I47SY 51.18%

Asia Pacific Vietnam GTEL Mobile C599QBWFI 15.83%


Europe: Eastern Armenia Armentel BEH4MR6BO 39.58%

Europe: Eastern Georgia Mobitel Georgia BW170D4W1 20.19%

Europe: Eastern Hungary Telenor Hungary BGXYQZ4G2 100.00%

Europe: Eastern Kazakhstan Kar-Tel BGNZD9BS1 29.69%

Europe: Eastern Montenegro Telenor Montenegro CCJMZD9AN 100.00%

Europe: Eastern Russia Vimpelcom BGNZVHDID 39.58%

Europe: Eastern Serbia Telenor Serbia BY8GADBPE 100.00%

Europe: Eastern Tadjikistan Tacom BPGEVIS6A 31.66%

Europe: Eastern Ukraine Kyivstar BGQR0XL9F 39.58%

Europe: Eastern Uzbekistan Unitel Uzbekistan BS9PR4SXO 39.58%

Europe: Western Denmark Telenor Denmark C7S9CV9NG 100.00%

Europe: Western Norway Telenor Mobil BGO004R0Q 100.00%

Europe: Western Sweden Telenor Sweden BW8RPV0IL 100.00%

Total subscriptions



Asia Pacific Bangladesh GrameenPhone BGQDJFVFO 55.80%


Asia Pacific India Unitech Wireless C3IGZX0T6 67.25%

Asia Pacific Malaysia DiGi BGQSRXJY6 49.00%

Asia Pacific Pakistan Telenor Pakistan BN0WYM5XB 100.00%

Asia Pacific Thailand DTAC BGR0I47SY 51.18%





Europe: Eastern Hungary Telenor Hungary BGXYQZ4G2 100.00%


Europe: Eastern Montenegro Telenor Montenegro CCJMZD9AN 100.00%

Europe: Eastern Russia Vimpelcom BGNZVHDID 39.58%

Europe: Eastern Serbia Telenor Serbia BY8GADBPE 100.00%




Europe: Western Denmark Telenor Denmark C7S9CV9NG 100.00%

Europe: Western Norway Telenor Mobil BGO004R0Q 100.00%

Europe: Western Sweden Telenor Sweden BW8RPV0IL 100.00%




35,856,000 41,139,000 45,189,000 48,502,000 51,356,000 53,545,000

953,000 1,210,000 1,406,000 1,544,000 1,641,000 1,712,000

35,000,000 44,553,000 52,705,000 59,978,000 66,811,000 72,584,000

9,680,000 10,404,000 11,048,000 11,673,000 12,225,000 12,711,000

26,733,000 28,504,900 29,974,000 31,389,700 32,818,000 34,130,000

23,381,000 24,704,000 25,637,000 26,351,000 26,860,000 27,299,000

1,368,000 1,867,000 2,697,000 3,337,000 3,839,000 4,377,000

2,264,000 2,472,000 2,542,000 2,579,000 2,591,000 2,593,000

832,000 985,500 1,098,000 1,194,000 1,269,000 1,330,000

695,500 797,200 883,000 942,000 983,000 1,013,000

3,593,000 3,600,100 3,613,300 3,634,000 3,659,000 3,685,000

7,248,400 7,630,000 7,820,000 7,921,000 7,981,000 8,028,000

514,000 567,900 609,100 636,000 657,000 671,000

53,556,000 55,224,000 56,345,000 57,129,900 57,662,000 57,978,000

3,207,000 3,400,100 3,555,000 3,666,000 3,743,000 3,794,000

940,000 1,079,000 1,176,000 1,242,100 1,291,100 1,335,000

24,890,000 25,326,000 25,539,000 25,722,000 25,886,000 26,032,000

6,165,100 7,238,000 7,725,000 8,052,000 8,282,000 8,450,000

2,101,100 2,170,000 2,221,000 2,267,000 2,307,000 2,341,000

3,332,000 3,434,000 3,508,000 3,565,000 3,616,000 3,663,000

2,122,000 2,205,000 2,286,000 2,375,000 2,463,000 2,543,000

244,431,100 268,510,700 287,576,400 303,699,700 317,940,100 329,814,000


20,007,648 22,955,562 25,215,462 27,064,116 28,656,648 29,878,110

339,459 431,002 500,817 549,973 584,524 609,814

23,537,500 29,961,893 35,444,113 40,335,205 44,930,398 48,812,740

4,743,200 5,097,960 5,413,520 5,719,770 5,990,250 6,228,390

26,733,000 28,504,900 29,974,000 31,389,700 32,818,000 34,130,000

11,966,396 12,643,507 13,121,017 13,486,442 13,746,948 13,971,628

216,554 295,546 426,935 528,247 607,714 692,879

67,920 74,160 76,260 77,370 77,730 77,790

329,306 390,061 434,588 472,585 502,270 526,414

140,421 160,955 178,278 190,190 198,468 204,525

3,593,000 3,600,100 3,613,300 3,634,000 3,659,000 3,685,000

2,152,050 2,265,347 2,321,758 2,351,745 2,369,559 2,383,513

514,000 567,900 609,100 636,000 657,000 671,000

21,197,465 21,857,659 22,301,351 22,612,014 22,822,620 22,947,692

3,207,000 3,400,100 3,555,000 3,666,000 3,743,000 3,794,000

297,604 341,611 372,322 393,249 408,762 422,661

9,851,462 10,024,031 10,108,336 10,180,768 10,245,679 10,303,466

2,440,147 2,864,800 3,057,555 3,186,982 3,278,016 3,344,510

2,101,100 2,170,000 2,221,000 2,267,000 2,307,000 2,341,000

3,332,000 3,434,000 3,508,000 3,565,000 3,616,000 3,663,000

2,122,000 2,205,000 2,286,000 2,375,000 2,463,000 2,543,000

138,889,231 153,246,094 164,738,711 174,681,355 183,682,584 191,231,132


Telenor

Telenor top 10 networks by proportionate subscriptions, Q1 2011

Telenor networks by proportionate subscriptions


Asia Pacific Pakistan Telenor Pakistan BN0WYM5XB

Europe: Eastern Russia Vimpelcom BGNZVHDID

Asia Pacific Bangladesh GrameenPhone BGQDJFVFO

Asia Pacific Thailand DTAC BGR0I47SY

Europe: Eastern Ukraine Kyivstar BGQR0XL9F

Asia Pacific India Unitech Wireless C3IGZX0T6

Asia Pacific Malaysia DiGi BGQSRXJY6

Europe: Eastern Hungary Telenor Hungary BGXYQZ4G2

Europe: Western Norway Telenor Mobil BGO004R0Q

Europe: Eastern Serbia Telenor Serbia BY8GADBPE

Europe: Western Sweden Telenor Sweden BW8RPV0IL

Europe: Eastern Kazakhstan Kar-Tel BGNZD9BS1

Europe: Eastern Uzbekistan Unitel Uzbekistan BS9PR4SXO

Europe: Western Denmark Telenor Denmark C7S9CV9NG

Europe: Eastern Montenegro Telenor Montenegro CCJMZD9AN

Europe: Eastern Armenia Armentel BEH4MR6BO

Asia Pacific Cambodia Sotelco C1A0VZ3EA

Europe: Eastern Tadjikistan Tacom BPGEVIS6A

Asia Pacific Vietnam GTEL Mobile C599QBWFI

Europe: Eastern Georgia Mobitel Georgia BW170D4W1




Telenor Pakistan (Pakistan)

Vimpelcom (Russia)

GrameenPhone (Bangladesh)

DTAC (Thailand)

Kyivstar (Ukraine)

Unitech Wireless (India)

DiGi (Malaysia)

Telenor Hungary (Hungary)

Telenor Mobil (Norway)

Telenor Serbia (Serbia)

0 5 10 15 20 25 30Subscriptions (thousands)




Telenor Pakistan (Pakistan) 25,753,000 25,753,000 24.20%

Vimpelcom (Russia) 20,973,996 52,991,400 23.84%

GrameenPhone (Bangladesh) 17,845,956 31,982,000 41.06%

DTAC (Thailand) 11,436,186 22,345,030 30.07%

Kyivstar (Ukraine) 9,649,604 24,380,000 48.64%

Unitech Wireless (India) 6,232,084 9,267,040 1.16%

DiGi (Malaysia) 4,333,070 8,843,000 25.38%

Telenor Hungary (Hungary) 3,548,070 3,548,070 32.36%

Telenor Mobil (Norway) 3,234,000 3,234,000 54.16%

Telenor Serbia (Serbia) 3,059,000 3,059,000 27.97%

Telenor Sweden (Sweden) 2,083,550 2,083,550 15.95%

Kar-Tel (Kazakhstan) 2,074,440 6,987,000 38.78%

Unitel Uzbekistan (Uzbekistan) 2,019,253 5,101,700 23.05%

Telenor Denmark (Denmark) 1,968,000 1,968,000 27.34%

Telenor Montenegro (Montenegro) 429,260 429,260 39.15%

Armentel (Armenia) 276,743 699,200 18.08%

Sotelco (Cambodia) 268,682 754,300 7.66%

Tacom (Tadjikistan) 254,388 803,500 13.79%

GTEL Mobile (Vietnam) 211,520 1,336,200 1.02%

Mobitel Georgia (Georgia) 123,341 610,900 13.39%

Albanian Mobile Communications (Albania) 61,008 2,033,600 46.18%



Total Subscriptions

Telenor Pakistan (Pakistan)

Vimpelcom (Russia)

GrameenPhone (Bangladesh)

DTAC (Thailand)

Kyivstar (Ukraine)

Unitech Wireless (India)

DiGi (Malaysia)

Telenor Hungary (Hungary)

Telenor Mobil (Norway)

Telenor Serbia (Serbia)

0 5 10 15 20 25 30Subscriptions (thousands)




2 6

3 10*

1 6

2 6

1 5

8 15

3 4

2 3

1 4

2 3

3 5

2 4

3 5

2 5

1 3

2 3

5 8

3 6

6 7

3 5

1 4

Telenor

Telenor investment footprint



TeliaSonera

Region Country Operator Operator ID Q1 2011 Q1 2011 Q1 2011 POPs

ownership

Asia Pacific Cambodia Latelz C5Y4MMK6K 18.86% 1,150,000 216,890 15,097,000

Asia Pacific Nepal Ncell CEQECM62E 60.36% 4,786,000 2,888,830 29,617,500

Europe: Eastern Azerbaijan Azercell BGQQVX4BJ 37.93% 3,972,000 1,506,580 8,639,000

Europe: Eastern Belarus BeST BPLGW4M7C 29.67% 1,700,000 504,390 9,555,500

Europe: Eastern Estonia EMT Estonia BGQRM42O0 61.12% 791,000 483,459 1,323,500

Europe: Eastern Georgia Geocell BGQRPRV10 73.92% 2,096,000 1,549,363 4,318,000

Europe: Eastern Georgia AquaFon C70N0V214 22.33% 227,700 50,845 4,318,000

Europe: Eastern Kazakhstan GSM Kazakhstan BGNZC9JW3 37.70% 9,357,000 3,527,589 15,704,000

Europe: Eastern Latvia LMT BGQRY0PR8 60.27% 1,048,000 631,630 2,249,000

Europe: Eastern Lithuania Omnitel BGQU0ZVRC 100.00% 1,961,000 1,961,000 3,345,000

Europe: Eastern Moldova Moldcell BGQU4M7I5 73.92% 951,000 702,979 3,724,000

Europe: Eastern Russia MegaFon BG0Z8TIWX 43.77% 57,100,000 24,992,668 140,681,500

Europe: Eastern Tadjikistan TT Mobile BGNZSK00D 32.83% 520,900 171,011 7,011,000

Europe: Eastern Tadjikistan Indigo-Somoncom C1740BOBI 60.00% 1,783,000 1,069,800 7,011,000

Europe: Eastern Ukraine Astelit BG3RDFDG4 20.10% 6,100,000 1,226,100 45,344,500

Europe: Eastern Uzbekistan Ucell BGO040E2X 93.97% 7,344,000 6,901,157 28,381,000

Europe: Western Cyprus KKTCell BGU4EIU9T 37.09% 408,300 151,438 877,500

Europe: Western Denmark Telia Denmark BGNMWFCGN 100.00% 1,428,000 1,428,000 5,467,500

Europe: Western Finland TeliaSonera Finland BIY77OFFA 100.00% 3,299,000 3,299,000 5,315,000

Europe: Western Norway NetCom BGNZYFPTK 100.00% 2,151,300 2,151,300 4,770,500

Europe: Western Spain Yoigo BGRD3XMG3 76.59% 2,474,000 1,894,837 44,937,000

Europe: Western Sweden TeliaSonera Sweden BJ8Y7QV9R 100.00% 6,034,000 6,034,000 9,221,500

Europe: Western Turkey Turkcell BG5URIDGN 37.09% 33,100,000 12,276,790 72,968,500

Middle East Afghanistan Roshan BP6VUXD5I 12.25% 4,141,000 507,273 29,857,000

Region Q1 2011 Q1 2011





Africa 0 0

Americas 0 0

Asia Pacific 5,936,000 3,105,720

Europe: Eastern 94,951,600 45,278,572

Europe: Western 48,894,600 27,235,365

Middle East 4,141,000 507,273

USA/Canada 0 0

Total 153,923,200 76,126,929



equity POPs Q4 2010 Q4 2010 Q4 2010 Q1 2011-Q4 2010

ownership

2,847,294 18.86% 850,000 160,310 56,580

17,877,123 60.36% 4,083,000 2,464,499 424,331

3,276,773 37.93% 3,994,000 1,514,924 -8,345

2,835,117 29.67% 1,500,000 445,050 59,340

808,923 61.12% 797,000 487,126 -3,667

3,191,866 73.92% 2,044,000 1,510,925 38,438

964,209 22.33% 211,600 47,250 3,595

5,920,408 37.70% 8,921,000 3,363,217 164,372

1,355,472 60.27% 1,068,000 643,684 -12,054

3,345,000 100.00% 1,941,800 1,941,800 19,200

2,752,781 73.92% 907,000 670,454 32,525

61,576,288 43.77% 56,607,000 24,776,882 215,786

2,301,711 32.83% 478,400 157,059 13,953

4,206,600 60.00% 1,723,000 1,033,800 36,000

9,114,245 20.10% 6,100,000 1,226,100 0

26,669,626 93.97% 6,832,000 6,420,030 481,126

325,465 37.09% 400,000 148,360 3,078

5,467,500 100.00% 1,450,000 1,450,000 -22,000

5,315,000 100.00% 3,252,000 3,252,000 47,000

4,770,500 100.00% 2,206,500 2,206,500 -55,200

34,417,247 76.59% 2,283,000 1,748,550 146,287

9,221,500 100.00% 5,939,000 5,939,000 95,000

27,064,017 37.09% 33,500,000 12,425,150 -148,360

3,657,483 12.25% 4,054,400 496,664 10,609




Company Footprint

Notes

Stake held via Turkcell

Autonomous Republic of Abkhazia

Subscriptions include subscriptions for Svenska UMTS-nat, the WCDMA network shared with Tele2.

TeliaSonera

Total subscriptions


Asia Pacific Cambodia Latelz C5Y4MMK6K

Asia Pacific Nepal Ncell CEQECM62E

Europe: Eastern Azerbaijan Azercell BGQQVX4BJ

Europe: Eastern Belarus BeST BPLGW4M7C

Europe: Eastern Estonia EMT Estonia BGQRM42O0

Europe: Eastern Georgia Geocell BGQRPRV10

Europe: Eastern Georgia AquaFon C70N0V214

Europe: Eastern Kazakhstan GSM Kazakhstan BGNZC9JW3

Europe: Eastern Latvia LMT BGQRY0PR8

Europe: Eastern Lithuania Omnitel BGQU0ZVRC

Europe: Eastern Moldova Moldcell BGQU4M7I5

Europe: Eastern Russia MegaFon BG0Z8TIWX

Europe: Eastern Tadjikistan TT Mobile BGNZSK00D

Europe: Eastern Tadjikistan Indigo-Somoncom C1740BOBI

Europe: Eastern Ukraine Astelit BG3RDFDG4

Europe: Eastern Uzbekistan Ucell BGO040E2X

Europe: Western Cyprus KKTCell BGU4EIU9T

Europe: Western Denmark Telia Denmark BGNMWFCGN

Europe: Western Finland TeliaSonera Finland BIY77OFFA

Europe: Western Norway NetCom BGNZYFPTK

Europe: Western Spain Yoigo BGRD3XMG3

Europe: Western Sweden TeliaSonera Sweden BJ8Y7QV9R

Europe: Western Turkey Turkcell BG5URIDGN

Middle East Afghanistan Roshan BP6VUXD5I

Total subscriptions




























18.86% 1,191,000 1,444,000 1,638,000 1,774,000 1,869,000 1,940,000

60.36% 6,435,700 8,246,000 9,982,000 11,409,000 12,433,000 13,190,000

37.93% 4,018,000 4,111,000 4,258,000 4,416,000 4,542,000 4,643,000

29.67% 1,293,800 1,304,300 1,316,000 1,332,000 1,349,000 1,365,000

61.12% 860,600 890,000 909,000 920,000 925,000 927,000

73.92% 2,209,000 2,358,500 2,473,000 2,549,000 2,594,000 2,613,000

22.33% 246,000 275,000 299,600 324,300 345,100 364,000

37.70% 9,996,400 10,754,000 11,094,000 11,252,000 11,326,000 11,395,000

60.27% 1,102,000 1,133,800 1,159,000 1,179,000 1,194,000 1,206,000

100.00% 2,040,200 2,075,000 2,090,000 2,100,000 2,108,000 2,113,000

73.92% 1,109,000 1,252,800 1,354,000 1,410,000 1,438,300 1,450,200

43.77% 61,475,000 66,073,000 68,509,000 69,820,000 70,574,000 70,960,000

32.83% 565,000 654,000 720,000 767,900 804,400 839,500

60.00% 2,063,000 2,364,000 2,563,000 2,687,700 2,765,000 2,815,000

20.10% 6,118,900 6,174,800 6,232,700 6,309,000 6,391,000 6,476,000

93.97% 8,679,000 10,142,000 10,842,000 11,325,000 11,667,000 11,918,000

37.09% 428,000 447,000 463,000 473,900 479,300 489,000

100.00% 1,517,000 1,591,000 1,653,000 1,707,000 1,753,000 1,794,000

100.00% 3,610,000 3,903,000 4,080,000 4,225,000 4,339,000 4,431,000

100.00% 2,292,000 2,376,000 2,451,000 2,518,000 2,574,000 2,621,000

76.59% 2,918,000 3,503,500 4,083,000 4,634,000 5,136,000 5,594,000

100.00% 6,231,000 6,485,000 6,666,000 6,795,000 6,883,000 6,941,000

37.09% 35,855,000 37,771,000 39,145,000 40,598,000 41,774,000 42,783,000

12.25% 4,706,700 5,441,000 5,983,000 6,370,000 6,646,000 6,847,000

166,960,300 180,769,700 189,963,300 196,895,800 201,909,100 205,714,700


18.86% 224,623 272,338 308,927 334,576 352,493 365,884

60.36% 3,884,589 4,977,286 6,025,135 6,886,472 7,504,559 7,961,484

37.93% 1,524,027 1,559,302 1,615,059 1,674,989 1,722,781 1,761,090

29.67% 383,870 386,986 390,457 395,204 400,248 404,995

61.12% 525,999 543,968 555,581 562,304 565,360 566,582

73.92% 1,632,893 1,743,403 1,828,042 1,884,221 1,917,485 1,931,530

22.33% 54,932 61,407 66,901 72,416 77,061 81,281

37.70% 3,768,643 4,054,258 4,182,438 4,242,004 4,269,902 4,295,915

60.27% 664,175 683,341 698,529 710,583 719,624 726,856

100.00% 2,040,200 2,075,000 2,090,000 2,100,000 2,108,000 2,113,000

73.92% 819,773 926,070 1,000,877 1,042,272 1,063,191 1,071,988

43.77% 26,907,605 28,920,150 29,986,387 30,560,212 30,890,237 31,059,190

32.83% 185,490 214,708 236,376 252,102 264,085 275,608

60.00% 1,237,800 1,418,400 1,537,800 1,612,620 1,659,000 1,689,000

20.10% 1,229,899 1,241,135 1,252,773 1,268,109 1,284,591 1,301,676

93.97% 8,155,656 9,530,438 10,188,228 10,642,103 10,963,480 11,199,345

37.09% 158,745 165,792 171,727 175,770 177,772 181,370

100.00% 1,517,000 1,591,000 1,653,000 1,707,000 1,753,000 1,794,000

100.00% 3,610,000 3,903,000 4,080,000 4,225,000 4,339,000 4,431,000

100.00% 2,292,000 2,376,000 2,451,000 2,518,000 2,574,000 2,621,000

76.59% 2,234,896 2,683,331 3,127,170 3,549,180 3,933,662 4,284,444

100.00% 6,231,000 6,485,000 6,666,000 6,795,000 6,883,000 6,941,000

37.09% 13,298,620 14,009,264 14,518,881 15,057,798 15,493,977 15,868,215


12.25% 576,571 666,523 732,918 780,325 814,135 838,758

83,159,005 90,488,100 95,364,203 99,048,260 101,730,643 103,765,211

TeliaSonera

TeliaSonera top 10 networks by proportionate subscriptions, Q1 2011

TeliaSonera networks by proportionate subscriptions


























MegaFon (Russia)

Turkcell (Turkey)

Ucell (Uzbekistan)

TeliaSonera Sweden (Sweden)

GSM Kazakhstan (Kazakhstan)

TeliaSonera Finland (Finland)

Ncell (Nepal)

NetCom (Norway)

Omnitel (Lithuania)

Yoigo (Spain)





**AquaFon is operational in the Autonomous Republic of Abkhazia



MegaFon (Russia) 24,992,668 57,100,000 25.69%

Turkcell (Turkey) 12,276,790 33,100,000 53.63%

Ucell (Uzbekistan) 6,901,157 7,344,000 33.18%

TeliaSonera Sweden (Sweden) 6,034,000 6,034,000 46.19%

GSM Kazakhstan (Kazakhstan) 3,527,589 9,357,000 51.94%

TeliaSonera Finland (Finland) 3,299,000 3,299,000 37.04%

Ncell (Nepal) 2,888,830 4,786,000 45.25%

NetCom (Norway) 2,151,300 2,151,300 36.03%

Omnitel (Lithuania) 1,961,000 1,961,000 40.95%

Yoigo (Spain) 1,894,837 2,474,000 4.38%

Geocell (Georgia) 1,549,363 2,096,000 45.96%

Azercell (Azerbaijan) 1,506,580 3,972,000 45.55%

Telia Denmark (Denmark) 1,428,000 1,428,000 19.84%

Astelit (Ukraine) 1,226,100 6,100,000 12.17%

Indigo-Somoncom (Tadjikistan) 1,069,800 1,783,000 30.61%

Moldcell (Moldova) 702,979 951,000 32.58%

LMT (Latvia) 631,630 1,048,000 41.89%

Roshan (Afghanistan) 507,273 4,141,000 27.94%

BeST (Belarus) 504,390 1,700,000 15.42%

EMT Estonia (Estonia) 483,459 791,000 45.57%

Latelz (Cambodia) 216,890 1,150,000 11.67%

TT Mobile (Tadjikistan) 171,011 520,900 8.94%

KKTCell (Cyprus) 151,438 408,300 23.32%

AquaFon (Georgia) 50,845 227,700 4.99%


Total Subscriptions

MegaFon (Russia)

Turkcell (Turkey)

Ucell (Uzbekistan)

TeliaSonera Sweden (Sweden)


TeliaSonera Finland (Finland)

Ncell (Nepal)

NetCom (Norway)

Omnitel (Lithuania)

Yoigo (Spain)





2 10*

1 3

2 5

1 5

1 4

2 3

2 2

2 4

1 3

4 4

1 5

1 4

3 5

3 5

2 6

2 4

1 4

3 4

3 4

1 4

3 8

4 6

2 4

4 5

TeliaSonera

TeliaSonera investment footprint



Turkcell


ownership

Europe: Eastern Azerbaijan Azercell BGQQVX4BJ 21.26% 3,972,000

Europe: Eastern Belarus BeST BPLGW4M7C 80.00% 1,700,000

Europe: Eastern Georgia Geocell BGQRPRV10 41.45% 2,096,000

Europe: Eastern Kazakhstan GSM Kazakhstan BGNZC9JW3 21.14% 9,357,000

Europe: Eastern Moldova Moldcell BGQU4M7I5 41.45% 951,000

Europe: Eastern Ukraine Astelit BG3RDFDG4 54.20% 6,100,000

Europe: Western Cyprus KKTCell BGU4EIU9T 100.00% 408,300

Europe: Western Turkey Turkcell BG5URIDGN 100.00% 33,100,000

Region Q1 2011 Q1 2011

Africa 0 0

Americas 0 0

Asia Pacific 0 0

Europe: Eastern 24,176,000 8,751,699

Europe: Western 33,508,300 33,508,300

Middle East 0 0

USA/Canada 0 0

Total 57,684,300 42,259,999







ownership

844,447 8,639,000 1,836,651 21.26% 3,994,000 849,124

1,360,000 9,555,500 7,644,400 80.00% 1,500,000 1,200,000

868,792 4,318,000 1,789,811 41.45% 2,044,000 847,238

1,978,070 15,704,000 3,319,826 21.14% 8,921,000 1,885,899

394,190 3,724,000 1,543,598 41.45% 907,000 375,952

3,306,200 45,344,500 24,576,719 54.20% 6,100,000 3,306,200

408,300 877,500 877,500 100.00% 400,000 400,000

33,100,000 72,968,500 72,968,500 100.00% 33,500,000 33,500,000





Q1 2011-Q4 2010 Notes

-4,677 Held through Fintur Holding

160,000

21,554 Held through Fintur Holding



0

8,300

-400,000


Turkcell

Total subscriptions


Europe: Eastern Azerbaijan Azercell BGQQVX4BJ 21.26% 4,018,000


Europe: Eastern Georgia Geocell BGQRPRV10 41.45% 2,209,000


Europe: Eastern Moldova Moldcell BGQU4M7I5 41.45% 1,109,000







Europe: Eastern Azerbaijan Azercell BGQQVX4BJ 21.26% 854,227


Europe: Eastern Georgia Geocell BGQRPRV10 41.45% 915,631


Europe: Eastern Moldova Moldcell BGQU4M7I5 41.45% 459,681







4,111,000 4,258,000 4,416,000 4,542,000 4,643,000

1,304,300 1,316,000 1,332,000 1,349,000 1,365,000

2,358,500 2,473,000 2,549,000 2,594,000 2,613,000

10,754,000 11,094,000 11,252,000 11,326,000 11,395,000

1,252,800 1,354,000 1,410,000 1,438,300 1,450,200

6,174,800 6,232,700 6,309,000 6,391,000 6,476,000

447,000 463,000 473,900 479,300 489,000

37,771,000 39,145,000 40,598,000 41,774,000 42,783,000

64,173,400 66,335,700 68,339,900 69,893,600 71,214,200


873,999 905,251 938,842 965,629 987,102

1,043,440 1,052,800 1,065,600 1,079,200 1,092,000

977,598 1,025,059 1,056,561 1,075,213 1,083,089

2,273,396 2,345,272 2,378,673 2,394,316 2,408,903

519,286 561,233 584,445 596,175 601,108

3,346,742 3,378,123 3,419,478 3,463,922 3,509,992

447,000 463,000 473,900 479,300 489,000

37,771,000 39,145,000 40,598,000 41,774,000 42,783,000

47,252,460 48,875,737 50,515,498 51,827,756 52,954,193


Turkcell

Turkcell top 10 networks by proportionate subscriptions, Q1 2011

Turkcell networks by proportionate subscriptions











Turkcell (Turkey)

Astelit (Ukraine)


BeST (Belarus)

Geocell (Georgia)

Azercell (Azerbaijan)

KKTCell (Cyprus)

Moldcell (Moldova)





Turkcell (Turkey) 33,100,000 33,100,000 53.63% 1

Astelit (Ukraine) 3,306,200 6,100,000 12.17% 3

GSM Kazakhstan (Kazakhstan) 1,978,070 9,357,000 51.94% 1

BeST (Belarus) 1,360,000 1,700,000 15.42% 3

Geocell (Georgia) 868,792 2,096,000 45.96% 1

Azercell (Azerbaijan) 844,447 3,972,000 45.55% 1

KKTCell (Cyprus) 408,300 408,300 23.32% 2

Moldcell (Moldova) 394,190 951,000 32.58% 2


Total Subscriptions

Turkcell (Turkey)

Astelit (Ukraine)


BeST (Belarus)

Geocell (Georgia)

Azercell (Azerbaijan)

KKTCell (Cyprus)

Moldcell (Moldova)




Number of operators

3

5

4

4

5

4

4

4

Turkcell

Turkcell investment footprint



Verizon


ownership

Europe: Western Italy Vodafone Italia BGRYI4XKD 23.14%

USA/Canada USA Verizon Wireless BG33406PX 55.00%

Region Q1 2011 Q1 2011

proportionate subscribers

Africa 0 0

Americas 0 0

Asia Pacific 0 0

Europe: Eastern 0 0

Europe: Western 30,470,990 7,050,987

Middle East 0 0

USA/Canada 104,022,000 57,212,100

Total 134,492,990 64,263,087





ownership

30,470,990 7,050,987 58,990,538 13,650,410 23.14% 27,482,830 6,359,527

104,022,000 57,212,100 313,207,500 172,264,125 55.00% 94,135,000 51,774,250






Q1 2011-Q4 2010 Notes

691,460

5,437,850 Includes RCC's subscriptions.

proportionate subscribers difference

Verizon

Total suubscriptions


Europe: Western Italy Vodafone Italia BGRYI4XKD 23.14% 27,829,000

USA/Canada USA Verizon Wireless BG33406PX 55.00% 95,962,000




Europe: Western Italy Vodafone Italia BGRYI4XKD 23.14% 6,439,630

USA/Canada USA Verizon Wireless BG33406PX 55.00% 52,779,100




28,182,000 28,660,000 29,139,000 29,592,000 30,020,000

97,928,000 99,899,000 101,931,000 104,030,000 106,194,000

126,110,000 128,559,000 131,070,000 133,622,000 136,214,000


6,521,315 6,631,924 6,742,764 6,847,589 6,946,628

53,860,400 54,944,450 56,062,050 57,216,500 58,406,700

60,381,715 61,576,374 62,804,814 64,064,089 65,353,328


Verizon

Verizon top 10 networks by proportionate subscriptions, Q1 2011

Verizon networks by proportionate subscriptions


USA/Canada USA Verizon Wireless BG33406PX

Europe: Western Italy Vodafone Italia BGRYI4XKD


Verizon Wireless (USA)

Vodafone Italia (Italy)





Verizon Wireless (USA) 57,212,100 104,022,000 32.85%

Vodafone Italia (Italy) 7,050,987 30,470,990 34.61%


Total Subscriptions







1 10

2 4

Verizon

Verizon investment footprint



VimpelCom (VimpelCom Ltd)


ownership

Asia Pacific Cambodia Sotelco C1A0VZ3EA 90.00% 754,300

Asia Pacific Vietnam GTEL Mobile C599QBWFI 40.00% 1,336,200

Europe: Eastern Armenia Armentel BEH4MR6BO 100.00% 699,200

Europe: Eastern Georgia Mobitel Georgia BW170D4W1 51.00% 610,900

Europe: Eastern Kazakhstan Kar-Tel BGNZD9BS1 75.00% 6,987,000

Europe: Eastern Russia VimpelCom BGNZVHDID 100.00% 52,991,400

Europe: Eastern Tadjikistan Tacom BPGEVIS6A 80.00% 803,500

Europe: Eastern Ukraine Kyivstar BGQR0XL9F 100.00% 24,380,000

Europe: Eastern Uzbekistan Unitel Uzbekistan BS9PR4SXO 100.00% 5,101,700

Region Q1 2011 Q1 2011

Africa 0 0

Americas 0 0

Asia Pacific 2,090,500 1,213,350

Europe: Eastern 91,573,700 89,366,909

Europe: Western 0 0

Middle East 0 0

USA/Canada 0 0

Total 93,664,200 90,580,259







ownership

678,870 15,097,000 13,587,300 90.00% 651,000 585,900

534,480 90,263,500 36,105,400 40.00% 1,230,000 492,000

699,200 2,990,000 2,990,000 100.00% 672,300 672,300

311,559 4,318,000 2,202,180 51.00% 560,200 285,702

5,240,250 15,704,000 11,778,000 75.00% 6,867,000 5,150,250

52,991,400 140,681,500 140,681,500 100.00% 52,020,000 52,020,000

642,800 7,011,000 5,608,800 80.00% 787,260 629,808

24,380,000 45,344,500 45,344,500 100.00% 24,390,000 24,390,000

5,101,700 28,381,000 28,381,000 100.00% 4,821,700 4,821,700





Q1 2011-Q4 2010 Notes

92,970

42,480

26,900

25,857

90,000

971,400

12,992

-10,000

280,000



Total subscriptions







Europe: Eastern Russia VimpelCom BGNZVHDID 100.00%




Total subscriptions








Europe: Eastern Russia VimpelCom BGNZVHDID 100.00%







953,000 1,210,000 1,406,000 1,544,000 1,641,000 1,712,000

1,368,000 1,867,000 2,697,000 3,337,000 3,839,000 4,377,000

832,000 985,500 1,098,000 1,194,000 1,269,000 1,330,000

695,500 797,200 883,000 942,000 983,000 1,013,000

7,248,400 7,630,000 7,820,000 7,921,000 7,981,000 8,028,000

53,556,000 55,224,000 56,345,000 57,129,900 57,662,000 57,978,000

940,000 1,079,000 1,176,000 1,242,100 1,291,100 1,335,000

24,890,000 25,326,000 25,539,000 25,722,000 25,886,000 26,032,000

6,165,100 7,238,000 7,725,000 8,052,000 8,282,000 8,450,000

96,648,000 101,356,700 104,689,000 107,084,000 108,834,100 110,255,000


857,700 1,089,000 1,265,400 1,389,600 1,476,900 1,540,800

547,200 746,800 1,078,800 1,334,800 1,535,600 1,750,800

832,000 985,500 1,098,000 1,194,000 1,269,000 1,330,000

354,705 406,572 450,330 480,420 501,330 516,630

5,436,300 5,722,500 5,865,000 5,940,750 5,985,750 6,021,000

53,556,000 55,224,000 56,345,000 57,129,900 57,662,000 57,978,000

752,000 863,200 940,800 993,680 1,032,880 1,068,000

24,890,000 25,326,000 25,539,000 25,722,000 25,886,000 26,032,000

6,165,100 7,238,000 7,725,000 8,052,000 8,282,000 8,450,000

93,391,005 97,601,572 100,307,330 102,237,150 103,631,460 104,687,230



VimpelCom top 10 networks by proportionate subscriptions, Q1 2011

VimpelCom networks by proportionate subscriptions


Europe: Eastern Russia VimpelCom BGNZVHDID

Europe: Eastern Kazakhstan Kar-Tel BGNZD9BS1

Europe: Eastern Uzbekistan Unitel Uzbekistan BS9PR4SXO

Europe: Eastern Armenia Armentel BEH4MR6BO

Asia Pacific Cambodia Sotelco C1A0VZ3EA

Europe: Eastern Tadjikistan Tacom BPGEVIS6A

Asia Pacific Vietnam GTEL Mobile C599QBWFI

Europe: Eastern Georgia Mobitel Georgia BW170D4W1



VimpelCom (Russia)

Kar-Tel (Kazakhstan)

Unitel Uzbekistan (Uzbekistan)

Armentel (Armenia)

Sotelco (Cambodia)

Tacom (Tadjikistan)

GTEL Mobile (Vietnam)

Mobitel Georgia (Georgia)




Network Market Share

VimpelCom (Russia) 52,991,400 52,991,400 23.84%

Kar-Tel (Kazakhstan) 5,240,250 6,987,000 38.78%

Unitel Uzbekistan (Uzbekistan) 5,101,700 5,101,700 23.05%

Armentel (Armenia) 699,200 699,200 18.08%

Sotelco (Cambodia) 678,870 754,300 7.66%

Tacom (Tadjikistan) 642,800 803,500 13.79%

GTEL Mobile (Vietnam) 534,480 1,336,200 1.02%

Mobitel Georgia (Georgia) 311,559 610,900 13.39%



Total Subscriptions

VimpelCom (Russia)

Kar-Tel (Kazakhstan)

Unitel Uzbekistan (Uzbekistan)

Armentel (Armenia)

Sotelco (Cambodia)

Tacom (Tadjikistan)

GTEL Mobile (Vietnam)

Mobitel Georgia (Georgia)





3 10*

2 4

3 5

2 3

5 8

3 6

6 7

3 5


VimpelCom investment footprint



Vodacom


ownership

Africa Vodacom Congo BG20SOEEE 51.00% 4,155,000

Africa Lesotho Vodacom Lesotho BGO0MRONT 88.30% 688,160

Africa Mozambique Vodacom Mozambique BGO0ZKYA3 85.00% 1,895,430

Africa South Africa Vodacom South Africa BG0Y8VXXG 93.75% 26,581,780

Africa Tanzania Vodacom Tanzania BGP79VMYG 65.00% 7,168,550

Region Q1 2011 Q1 2011

Africa 40,488,920 33,917,787

Americas 0 0

Asia Pacific 0 0

Europe: Eastern 0 0

Europe: Western 0 0

Middle East 0 0

USA/Canada 0 0

Total 40,488,920 33,917,787








ownership

2,119,050 67,983,000 34,671,330 51.00% 3,831,610 1,954,121

607,645 2,038,000 1,799,554 88.30% 713,540 630,056

1,611,116 22,424,500 19,060,825 85.00% 1,892,870 1,608,940

24,920,419 49,144,000 46,072,500 93.75% 23,981,850 22,482,984

4,659,558 43,035,500 27,973,075 65.00% 6,932,000 4,505,800





Q1 2011-Q4 2010 Notes

164,929

-22,411

2,176

2,437,434

153,758


Vodacom

Total subscriptions


Africa Democratic Rep of Congo (ex-Zaire) Vodacom Congo BG20SOEEE 51.00%

Africa Lesotho Vodacom Lesotho BGO0MRONT 88.30%

Africa Mozambique Vodacom Mozambique BGO0ZKYA3 85.00%

Africa South Africa Vodacom South Africa BG0Y8VXXG 93.75%

Africa Tanzania Vodacom Tanzania BGP79VMYG 65.00%

Total subscriptions



Africa Democratic Rep of Congo (ex-Zaire) Vodacom Congo BG20SOEEE 51.00%








4,568,000 5,381,000 6,161,000 6,926,000 7,667,000 8,375,000

808,200 876,000 926,000 958,000 980,000 993,000

2,324,000 3,004,000 3,450,000 3,774,000 4,006,000 4,181,000

24,030,000 24,197,000 24,344,000 24,492,000 24,629,000 24,751,000

8,308,000 9,653,000 10,876,000 12,015,000 13,073,000 14,049,000

40,038,200 43,111,000 45,757,000 48,165,000 50,355,000 52,349,000


2,329,680 2,744,310 3,142,110 3,532,260 3,910,170 4,271,250

713,641 773,508 817,658 845,914 865,340 876,819

1,975,400 2,553,400 2,932,500 3,207,900 3,405,100 3,553,850

22,528,125 22,684,688 22,822,500 22,961,250 23,089,688 23,204,063

5,400,200 6,274,450 7,069,400 7,809,750 8,497,450 9,131,850

32,947,046 35,030,356 36,784,168 38,357,074 39,767,748 41,037,832


Vodacom

Vodacom top 10 networks by proportionate subscriptions, Q1 2011

Vodacom networks by proportionate subscriptions


Africa South Africa Vodacom South Africa BG0Y8VXXG

Africa Tanzania Vodacom Tanzania BGP79VMYG

Africa Democratic Rep of Congo Vodacom Congo BG20SOEEE

Africa Mozambique Vodacom Mozambique BGO0ZKYA3

Africa Lesotho Vodacom Lesotho BGO0MRONT


Vodacom South Africa (South Africa)

Vodacom Tanzania (Tanzania)

Vodacom Congo (Democratic Rep of Congo (ex-Zaire))

Vodacom Mozambique (Mozambique)

Vodacom Lesotho (Lesotho)





Vodacom South Africa (South Africa) 24,920,419 26,581,780 48.80% 1

Vodacom Tanzania (Tanzania) 4,659,558 7,168,550 35.32% 1

Vodacom Congo (Democratic Rep of Congo (ex 2,119,050 4,155,000 32.98% 2

Vodacom Mozambique (Mozambique) 1,611,116 1,895,430 28.41% 2

Vodacom Lesotho (Lesotho) 607,645 688,160 81.06% 1


Total Subscriptions


Vodacom Tanzania (Tanzania)

Vodacom Congo (Democratic Rep of Congo (ex-Zaire))

Vodacom Mozambique (Mozambique)

Vodacom Lesotho (Lesotho)




Number of operators

5

7

6

2

2

Vodacom

Vodacom investment footprint



Vodafone


ownership




Africa Vodacom Congo BG20SOEEE 33.15%


Africa Egypt Vodafone Egypt BGYD0D1LZ 54.90%


Africa Ghana Vodafone Ghana BNIV1277L 70.00%


Africa Kenya Safaricom BGO0HBD7X 35.20%





Africa Mayotte SFR Mayotte BI2MR2KUI 44.00%




Africa Réunion SFR Reunion BG0VW92CT 44.00%









Asia Pacific Australia 3 Australia BGUZ0XAE2 50.00%

Asia Pacific Australia Vodafone Australia BGQR9TVL3 50.00%


Asia Pacific Fiji Vodafone Fiji BGQRR0D0K 49.00%



Asia Pacific India Vodafone Essar C1ED0BFEM 51.58%

Asia Pacific New Zealand Vodafone New Zealand BGQU4T0WJ 100.00%


Europe: Eastern Albania Vodafone Albania BEF4PZYG1 100.00%

Europe: Eastern Czech Republic Vodafone Czech Republic BURS9V5BN 100.00%

Europe: Eastern Hungary Vodafone Hungary BGQRR2O61 100.00%

Europe: Eastern Poland Polkomtel BGRARFMNZ 19.61%

Europe: Eastern Romania Vodafone Romania BW5ZGRFRU 100.00%

Europe: Western Cyprus Kibris Telsim BGU4E9J76 100.00%

Europe: Western France SFR BG09M0V56 44.00%

Europe: Western Germany Vodafone D2 BG09P2AK7 100.00%

Europe: Western Greece Vodafone Greece CA5I9BSUA 100.00%





Europe: Western Ireland Vodafone Ireland BG0AIXIK2 100.00%

Europe: Western Italy Vodafone Italia BGRYI4XKD 76.86%


Europe: Western Malta Vodafone Malta BGQD4ZWNQ 100.00%

Europe: Western Netherlands Vodafone Libertel BG09S6L55 100.00%

Europe: Western Portugal Vodafone Portugal BWFWZK3AY 100.00%

Europe: Western Spain Vodafone Espana BWFWP4NUU 100.00%

Europe: Western Turkey Vodafone Turkey C5EPZVRFT 100.00%

Europe: Western UK Vodafone UK BGO0QR03R 100.00%

Middle East Qatar Vodafone Qatar C3U444O37 22.95%

USA/Canada USA Verizon Wireless BG33406PX 45.00%

Region Q1 2011 Q1 2011


Africa 144,041,500 49,710,491

Americas 0 0

Asia Pacific 183,881,400 15,614,603

Europe: Eastern 30,079,210 19,090,379

Europe: Western 153,169,060 133,340,949

Middle East 757,000 173,732

USA/Canada 104,022,000 46,809,900

Total 615,950,170 264,740,053




ownership

1,564,200 68,356 15,880,500 693,978 4.37% 1,552,280 67,835

1,384,400 60,498 11,558,000 505,085 4.37% 1,350,000 58,995

1,411,000 55,452 3,971,000 156,060 3.93% 1,412,440 55,509

4,155,000 1,377,383 67,983,000 22,536,366 33.15% 3,831,610 1,270,179

4,840,000 208,120 67,983,000 2,923,269 4.30% 4,500,000 193,500

31,832,000 17,475,768 83,673,000 45,936,478 54.90% 31,271,000 17,167,779

941,000 32,653 1,380,000 47,886 3.47% 934,970 32,443

2,804,900 1,963,430 24,654,500 17,258,150 70.00% 2,722,380 1,905,666

1,865,700 61,195 24,654,500 808,668 3.28% 1,754,240 57,539

17,180,000 6,047,360 40,140,500 14,129,456 35.20% 17,040,500 5,998,256

4,200,000 174,300 40,140,500 1,665,831 4.15% 3,816,200 158,372

688,160 395,004 2,038,000 1,169,812 57.40% 713,540 409,572

2,487,900 108,721 21,033,500 919,164 4.37% 2,302,900 100,637

1,931,630 84,412 14,856,000 649,207 4.37% 1,733,080 75,736

166,750 73,370 227,500 100,100 44.00% 115,000 50,600

1,895,430 1,047,225 22,424,500 12,389,536 55.25% 1,892,870 1,045,811

2,129,500 83,689 15,538,500 610,663 3.93% 2,014,800 79,182

16,048,300 460,586 156,617,500 4,494,922 2.87% 15,834,240 454,443

737,500 324,500 831,000 365,640 44.00% 721,700 317,548

89,100 3,894 87,500 3,824 4.37% 84,100 3,675

564,100 24,651 6,125,000 267,663 4.37% 563,380 24,620

26,581,780 16,198,936 49,144,000 29,948,353 60.94% 23,981,850 14,614,539

7,168,550 3,028,712 43,035,500 18,182,499 42.25% 6,932,000 2,928,770

108,400 1,659 43,035,500 658,443 1.53% 109,200 1,671

6,477,300 169,705 43,035,500 1,127,530 2.62% 6,189,400 162,162

1,705,800 74,543 33,530,500 1,465,283 4.37% 1,802,900 78,787

3,083,100 106,367 12,510,500 431,612 3.45% 3,072,610 106,005

2,855,200 1,427,600 21,257,000 10,628,500 50.00% 2,780,000 1,390,000

4,501,500 2,250,750 21,257,000 10,628,500 50.00% 4,454,000 2,227,000

4,607,000 140,974 165,302,500 5,058,256 3.06% 3,956,000 121,054

580,200 284,298 851,500 417,235 49.00% 606,000 296,940

148,175,150 6,475,254 1,133,599,000 49,538,275 4.37% 138,745,580 6,063,182

14,028,240 429,264 78,005,000 2,386,953 3.06% 13,749,640 420,739

5,776,010 2,979,266 1,211,604,000 624,945,365 51.58% 5,541,810 2,858,466

1,548,100 1,548,100 4,266,000 4,266,000 100.00% 1,575,000 1,575,000

1,810,000 79,097 19,530,500 853,483 4.37% 1,800,000 78,660

1,527,700 1,527,700 3,236,000 3,236,000 100.00% 1,524,250 1,524,250

3,194,000 3,194,000 10,176,500 10,176,500 100.00% 3,174,000 3,174,000

2,491,110 2,491,110 9,954,500 9,954,500 100.00% 2,513,550 2,513,550

13,669,400 2,680,569 37,931,500 7,438,367 19.61% 13,739,240 2,694,265

9,197,000 9,197,000 21,195,500 21,195,500 100.00% 9,804,000 9,804,000

157,600 157,600 877,500 877,500 100.00% 150,000 150,000

22,684,000 9,980,960 62,355,500 27,436,420 44.00% 22,559,000 9,925,960

33,036,000 33,036,000 82,396,231 82,396,231 100.00% 33,008,500 33,008,500

3,682,200 3,682,200 11,203,500 11,203,500 100.00% 3,928,250 3,928,250






10,360 453 66,000 2,884 4.37% 9,650 422

2,213,000 2,213,000 4,488,000 4,488,000 100.00% 2,217,000 2,217,000

30,470,990 23,420,003 58,990,538 45,340,128 76.86% 27,482,830 21,123,303

67,110 2,933 92,000 4,020 4.37% 62,700 2,740

248,000 248,000 410,500 410,500 100.00% 256,000 256,000

4,581,790 4,581,790 16,484,500 16,484,500 100.00% 4,491,760 4,491,760

5,684,500 5,684,500 10,705,000 10,705,000 100.00% 5,633,680 5,633,680

16,279,510 16,279,510 44,937,000 44,937,000 100.00% 16,522,380 16,522,380

16,823,000 16,823,000 72,968,500 72,968,500 100.00% 16,675,000 16,675,000

17,231,000 17,231,000 61,390,000 61,390,000 100.00% 17,253,900 17,253,900

757,000 173,732 876,000 201,042 22.95% 711,000 163,175

104,022,000 46,809,900 313,207,500 140,943,375 45.00% 94,135,000 42,360,750

Q1 2011-Q4 2010 Notes

521

1,503

-57

107,204

14,620

307,989

209

57,764

3,656

49,104

15,928

-14,568

8,084

8,677

22,770

1,414

4,508

6,144

6,952

218

31

1,584,397

99,942

-12

7,543

-4,243

362

37,600

23,750

19,921

-12,642

412,072

8,525

120,800

-26,900

437

3,450

20,000

-22,440

-13,696

-607,000

7,600

55,000

27,500

-246,050


Includes an undisclosed amount of subscriptions owned by its retailers: Smartcom and Smartphone

Vodafone Essar South is 51.48% owned by Vodafone, all other regional subsidaires are 51.58%

31

-4,000

2,296,700

193

-8,000

90,030

50,820

-242,870

148,000

-22,900

10,557

4,449,150 Includes RCC's subscriptions from 3Q08

Vodafone

Total subscriptions





Africa Democratic Rep of Congo (ex-Zaire) Vodacom Congo BG20SOEEE


Africa Egypt Vodafone Egypt BGYD0D1LZ


Africa Ghana Vodafone Ghana BNIV1277L


Africa Kenya Safaricom BGO0HBD7X





Africa Mayotte SFR Mayotte BI2MR2KUI




Africa Réunion SFR Reunion BG0VW92CT












Asia Pacific Fiji Vodafone Fiji BGQRR0D0K



Asia Pacific India Vodafone Essar C1ED0BFEM

Asia Pacific New Zealand Vodafone New Zealand BGQU4T0WJ


Europe: Eastern Albania Vodafone Albania BEF4PZYG1

Europe: Eastern Czech Republic Vodafone Czech Republic BURS9V5BN

Europe: Eastern Hungary Vodafone Hungary BGQRR2O61

Europe: Eastern Poland Polkomtel BGRARFMNZ

Europe: Eastern Romania Vodafone Romania BW5ZGRFRU

Europe: Western Cyprus Kibris Telsim BGU4E9J76

Europe: Western France SFR BG09M0V56

Europe: Western Germany Vodafone D2 BG09P2AK7

Europe: Western Greece Vodafone Greece CA5I9BSUA


Europe: Western Ireland Vodafone Ireland BG0AIXIK2



Europe: Western Malta Vodafone Malta BGQD4ZWNQ

Europe: Western Netherlands Vodafone Libertel BG09S6L55


Europe: Western Portugal Vodafone Portugal BWFWZK3AY

Europe: Western Spain Vodafone Espana BWFWP4NUU

Europe: Western Turkey Vodafone Turkey C5EPZVRFT

Europe: Western UK Vodafone UK BGO0QR03R

Middle East Qatar Vodafone Qatar C3U444O37


Total subscriptions






Africa Democratic Rep of Congo (ex-Zaire) Vodacom Congo BG20SOEEE













































4.37% 1,582,000 1,632,000 1,692,000 1,754,000 1,818,000 1,883,000

4.37% 1,393,000 1,477,500 1,545,200 1,601,000 1,650,000 1,696,000

3.93% 1,483,000 1,536,600 1,574,000 1,603,000 1,627,000 1,648,000

33.15% 4,568,000 5,381,000 6,161,000 6,926,000 7,667,000 8,375,000

4.30% 4,495,000 5,289,000 6,044,000 6,781,000 7,500,000 8,190,000

54.90% 37,805,000 43,075,000 47,085,000 50,110,000 52,401,000 54,170,000

3.47% 951,000 985,000 1,022,000 1,049,000 1,069,000 1,086,000

70.00% 3,173,000 3,594,100 3,930,800 4,239,900 4,529,900 4,800,100

3.28% 2,051,200 2,353,900 2,617,100 2,872,400 3,122,300 3,358,700

35.20% 19,209,000 20,715,000 21,918,000 22,956,000 23,833,000 24,550,000

4.15% 6,214,000 8,063,000 9,530,000 10,803,000 11,905,000 12,855,000

57.40% 808,200 876,000 926,000 958,000 980,000 993,000

4.37% 2,235,000 2,753,000 3,301,000 3,786,000 4,189,000 4,513,000

4.37% 2,065,000 2,430,000 2,714,000 2,924,000 3,069,000 3,173,000

44.00% 129,000 145,000 162,000 177,000 192,000 206,000

55.25% 2,324,000 3,004,000 3,450,000 3,774,000 4,006,000 4,181,000

3.93% 2,389,000 2,703,500 2,952,000 3,118,000 3,231,000 3,318,000

2.87% 17,277,000 18,707,000 19,928,000 21,112,000 22,222,000 23,236,000

44.00% 762,000 782,000 797,000 810,000 820,000 828,000

4.37% 100,000 111,000 119,000 124,000 128,000 132,700

4.37% 563,600 565,700 568,900 573,000 578,000 582,000

60.94% 24,030,000 24,197,000 24,344,000 24,492,000 24,629,000 24,751,000

42.25% 8,308,000 9,653,000 10,876,000 12,015,000 13,073,000 14,049,000

1.53% 134,800 174,000 235,000 317,000 421,000 544,000

2.62% 7,417,000 8,620,000 9,719,000 10,742,000 11,697,000 12,579,000

4.37% 1,809,400 1,823,000 1,855,000 1,901,000 1,963,000 2,041,000

3.45% 3,673,000 4,357,000 5,010,000 5,552,000 5,987,000 6,327,000

50.00% 3,017,000 3,277,000 3,529,000 3,787,000 4,048,000 4,302,300

50.00% 4,809,000 5,138,000 5,451,000 5,755,000 6,049,000 6,328,000

3.06% 5,390,000 6,334,100 7,198,000 8,004,000 8,640,000 9,270,000

49.00% 607,000 611,000 619,000 626,000 633,000 639,000

4.37% 189,000,000 218,308,000 237,170,000 249,910,000 257,274,000 262,486,000

3.06% 0 0 0 0 0 0

51.58% 171,000,000 205,177,000 227,948,000 244,197,000 252,288,000 258,778,000

100.00% 2,484,000 2,505,000 2,535,000 2,585,000 2,649,000 2,712,000

4.37% 2,326,000 2,726,000 3,013,000 3,240,000 3,420,000 3,562,000

100.00% 1,733,000 1,928,000 2,020,000 2,080,000 2,120,000 2,144,000

100.00% 3,350,000 3,505,000 3,550,000 3,591,000 3,627,000 3,656,000

100.00% 2,591,800 2,670,400 2,739,100 2,799,000 2,853,000 2,900,000

19.61% 13,755,100 13,814,700 13,900,200 14,031,000 14,188,000 14,322,000

100.00% 10,431,000 10,919,000 11,266,000 11,518,000 11,687,000 11,778,000

100.00% 172,000 189,000 205,000 217,400 226,500 233,500

44.00% 23,675,000 24,673,000 25,497,000 26,246,000 26,917,000 27,510,000

100.00% 34,105,000 35,089,000 35,856,000 36,430,000 36,849,000 37,188,000

100.00% 3,560,000 3,823,000 4,010,000 4,165,000 4,279,000 4,389,000

4.37% 11,600 14,200 15,100 15,800 16,500 17,200

100.00% 2,533,000 2,803,300 2,896,000 2,973,000 3,030,000 3,067,800

76.86% 27,829,000 28,182,000 28,660,000 29,139,000 29,592,000 30,020,000

4.37% 70,800 77,000 82,000 85,000 88,000 90,000

100.00% 269,000 277,000 280,000 283,000 286,000 286,200

100.00% 4,654,000 4,853,000 4,988,000 5,125,000 5,264,000 5,405,000


F37


G37


H37


I37


J37


K37


100.00% 5,932,000 6,196,000 6,390,000 6,557,000 6,696,000 6,812,000

100.00% 17,311,000 18,047,000 18,741,000 19,367,000 19,901,000 20,351,000

100.00% 17,941,000 19,251,000 20,403,000 21,504,000 22,664,000 23,818,000

100.00% 17,694,000 18,115,000 18,397,000 18,654,000 18,912,000 19,175,000

22.95% 972,000 1,198,000 1,375,000 1,508,000 1,606,000 1,681,000

45.00% 95,962,000 97,928,000 99,899,000 101,931,000 104,030,000 106,194,000

820,134,500 912,632,000 978,708,400 1,029,393,500 1,064,140,200 1,093,180,500


4.37% 69,133 71,318 73,940 76,650 79,447 82,287

4.37% 60,874 64,567 67,525 69,964 72,105 74,115

3.93% 58,282 60,388 61,858 62,998 63,941 64,766

33.15% 1,514,292 1,783,802 2,042,372 2,295,969 2,541,611 2,776,313

4.30% 193,285 227,427 259,892 291,583 322,500 352,170

54.90% 20,754,946 23,648,176 25,849,666 27,510,391 28,768,150 29,739,331

3.47% 33,000 34,180 35,463 36,400 37,094 37,684

70.00% 2,221,100 2,515,870 2,751,560 2,967,930 3,170,930 3,360,070

3.28% 67,279 77,208 85,841 94,215 102,411 110,165

35.20% 6,761,568 7,291,680 7,715,136 8,080,512 8,389,216 8,641,600

4.15% 257,881 334,615 395,495 448,325 494,058 533,483

57.40% 463,907 502,824 531,524 549,892 562,520 569,982

4.37% 97,669 120,306 144,254 165,448 183,059 197,218

4.37% 90,240 106,191 118,602 127,779 134,115 138,660

44.00% 56,760 63,800 71,280 77,880 84,480 90,640

55.25% 1,284,010 1,659,710 1,906,125 2,085,135 2,213,315 2,310,003

3.93% 93,888 106,248 116,014 122,537 126,978 130,397

2.87% 495,850 536,891 571,934 605,914 637,771 666,873

44.00% 335,280 344,080 350,680 356,400 360,800 364,320

4.37% 4,370 4,851 5,200 5,419 5,594 5,799

4.37% 24,629 24,721 24,861 25,040 25,259 25,433

60.94% 14,643,882 14,745,651 14,835,233 14,925,424 15,008,912 15,083,259

42.25% 3,510,130 4,078,393 4,595,110 5,076,338 5,523,343 5,935,703

1.53% 2,062 2,662 3,595 4,850 6,441 8,323

2.62% 194,325 225,844 254,638 281,440 306,461 329,570

4.37% 79,071 79,665 81,063 83,074 85,783 89,192

3.45% 126,719 150,317 172,845 191,544 206,552 218,282

50.00% 1,508,500 1,638,500 1,764,500 1,893,500 2,024,000 2,151,150

50.00% 2,404,500 2,569,000 2,725,500 2,877,500 3,024,500 3,164,000

3.06% 164,934 193,823 220,259 244,922 264,384 283,662

49.00% 297,430 299,390 303,310 306,740 310,170 313,110

4.37% 8,259,300 9,540,059 10,364,329 10,921,067 11,242,874 11,470,638

3.06% 0 0 0 0 0 0

51.58% 88,201,803 105,830,300 117,575,583 125,956,817 130,130,155 133,477,697

100.00% 2,484,000 2,505,000 2,535,000 2,585,000 2,649,000 2,712,000

4.37% 101,646 119,126 131,668 141,588 149,454 155,659

100.00% 1,733,000 1,928,000 2,020,000 2,080,000 2,120,000 2,144,000

100.00% 3,350,000 3,505,000 3,550,000 3,591,000 3,627,000 3,656,000

100.00% 2,591,800 2,670,400 2,739,100 2,799,000 2,853,000 2,900,000

19.61% 2,697,375 2,709,063 2,725,829 2,751,479 2,782,267 2,808,544

100.00% 10,431,000 10,919,000 11,266,000 11,518,000 11,687,000 11,778,000

100.00% 172,000 189,000 205,000 217,400 226,500 233,500

44.00% 10,417,000 10,856,120 11,218,680 11,548,240 11,843,480 12,104,400

100.00% 34,105,000 35,089,000 35,856,000 36,430,000 36,849,000 37,188,000

100.00% 3,560,000 3,823,000 4,010,000 4,165,000 4,279,000 4,389,000

4.37% 507 621 660 690 721 752

100.00% 2,533,000 2,803,300 2,896,000 2,973,000 3,030,000 3,067,800

F98


G98


H98


I98


J98


K98


76.86% 21,389,370 21,660,685 22,028,076 22,396,236 22,744,411 23,073,372

4.37% 3,094 3,365 3,583 3,714 3,846 3,933

100.00% 269,000 277,000 280,000 283,000 286,000 286,200

100.00% 4,654,000 4,853,000 4,988,000 5,125,000 5,264,000 5,405,000

100.00% 5,932,000 6,196,000 6,390,000 6,557,000 6,696,000 6,812,000

100.00% 17,311,000 18,047,000 18,741,000 19,367,000 19,901,000 20,351,000

100.00% 17,941,000 19,251,000 20,403,000 21,504,000 22,664,000 23,818,000

100.00% 17,694,000 18,115,000 18,397,000 18,654,000 18,912,000 19,175,000

22.95% 223,074 274,941 315,563 346,086 368,577 385,790

45.00% 43,182,900 44,067,600 44,954,550 45,868,950 46,813,500 47,787,300

357,106,666 388,794,677 411,729,896 429,724,981 442,258,685 453,031,145

Vodafone

Vodafone top 10 networks by proportionate subscriptions, Q1 2011

Vodafone networks by proportionate subscriptions



























Vodafone D2 (Germany)


Vodafone Egypt (Egypt)

Vodafone UK (UK)

Vodafone Turkey (Turkey)

Vodafone Espana (Spain)


SFR (France)






Africa Democratic Rep of Congo Vodacom Congo BG20SOEEE








Africa Democratic Rep of Congo Bharti Airtel RDC CEPRIXSP9























*Market share and position in market refer to total Bharti, including Bharti Hexacom.



Verizon Wireless (USA) 46,809,900 104,022,000 32.85% 1

Vodafone D2 (Germany) 33,036,000 33,036,000 31.73% 2

Vodafone Italia (Italy) 23,420,003 30,470,990 34.61% 2

Vodafone Egypt (Egypt) 17,475,768 31,832,000 45.48% 1

Vodafone UK (UK) 17,231,000 17,231,000 22.22% 3

Vodafone Turkey (Turkey) 16,823,000 16,823,000 27.26% 2

Vodafone Espana (Spain) 16,279,510 16,279,510 28.83% 2

Vodacom South Africa (South Africa) 16,198,936 26,581,780 48.80% 1

SFR (France) 9,980,960 22,684,000 35.66% 2

Vodafone Romania (Romania) 9,197,000 9,197,000 33.07% 2

Bharti Airtel India (India) 6,475,254 148,175,150 18.62% 1

Safaricom (Kenya) 6,047,360 17,180,000 70.20% 1

Vodafone Portugal (Portugal) 5,684,500 5,684,500 33.43% 2

Vodafone Libertel (Netherlands) 4,581,790 4,581,790 24.79% 3

Vodafone Greece (Greece) 3,682,200 3,682,200 25.43% 2

Vodafone Czech Republic (Czech Republic) 3,194,000 3,194,000 23.48% 3

Vodacom Tanzania (Tanzania) 3,028,712 7,168,550 35.32% 1

Vodafone Essar (India) 2,979,266 5,776,010 0.73% 2

Polkomtel (Poland) 2,680,569 13,669,400 28.98% 2

Vodafone Hungary (Hungary) 2,491,110 2,491,110 22.72% 3

Vodafone Australia (Australia) 2,250,750 4,501,500 15.98% 3

Vodafone Ireland (Ireland) 2,213,000 2,213,000 42.47% 1

Vodafone Ghana (Ghana) 1,963,430 2,804,900 15.98% 3

Vodafone New Zealand (New Zealand) 1,548,100 1,548,100 29.81% 1


Total Subscriptions


Vodafone D2 (Germany)


Vodafone Egypt (Egypt)

Vodafone UK (UK)

Vodafone Turkey (Turkey)

Vodafone Espana (Spain)


SFR (France)




Vodafone Albania (Albania) 1,527,700 1,527,700 34.69% 2

3 Australia (Australia) 1,427,600 2,855,200 10.14% 4

Vodacom Congo (Democratic Rep of Congo (ex-Za 1,377,383 4,155,000 32.98% 2

Vodacom Mozambique (Mozambique) 1,047,225 1,895,430 28.41% 2

Bharti Airtel Nigeria (Nigeria) 460,586 16,048,300 17.73% 3

Bharti Hexacom (India) 429,264 14,028,240 1.76% n/a

Vodacom Lesotho (Lesotho) 395,004 688,160 81.06% 1

SFR Reunion (Réunion) 324,500 737,500 48.54% 1

Vodafone Fiji (Fiji) 284,298 580,200 66.66% 1

Vodafone Malta (Malta) 248,000 248,000 51.71% 1

Bharti Airtel RDC (Democratic Rep of Congo (ex- 208,120 4,840,000 38.41% 1

Bharti Airtel Kenya B.V. (Kenya) 174,300 4,200,000 17.16% 2

Vodafone Qatar (Qatar) 173,732 757,000 26.72% 2

Bharti Airtel Tanzania B.V (Tanzania) 169,705 6,477,300 31.91% 2

Kibris Telsim (Cyprus) 157,600 157,600 9.00% 4

Airtel Bangladesh (Bangladesh) 140,974 4,607,000 5.91% 4

Bharti Airtel Madagascar B.V (Madagascar) 108,721 2,487,900 42.08% 1

Bharti Airtel Zambia (Zambia) 106,367 3,083,100 58.14% 1

Bharti Airtel Malawi (Malawi) 84,412 1,931,630 60.92% 1

Bharti Airtel Niger (Niger) 83,689 2,129,500 56.18% 1

Bharti Airtel Sri Lanka (Sri Lanka) 79,097 1,810,000 10.09% 4

Bharti Airtel Uganda B.V. (Uganda) 74,543 1,705,800 12.08% 4

SFR Mayotte (Mayotte) 73,370 166,750 75.76% 1

Bharti Airtel Burkina Faso B.V. (Burkina Faso) 68,356 1,564,200 29.62% 2

Bharti Airtel Ghana (Ghana) 61,195 1,865,700 10.63% 4

Bharti Airtel Chad (Chad) 60,498 1,384,400 46.15% 2

Bharti Airtel Congo B.V. (Congo) 55,452 1,411,000 36.43% 2

Bharti Airtel Gabon B.V. (Gabon) 32,653 941,000 49.98% 1

Bharti Airtel Sierra Leone (Sierra Leone) 24,651 564,100 18.16% 3

Telecom Seychelles (Seychelles) 3,894 89,100 35.34% 2

Jersey Telenet (Jersey) 2,933 67,110 35.61% 1

TTCL (Tanzania) 1,659 108,400 0.53% 5

Guernsey Airtel (Guernsey) 453 10,360 14.91% 3

Number of operators

10

4

4

3

4

3

4

5

3

6

15

4

3

3

3

4

7

15

6

3

4

4

5

3

4

4

6

2

10

n/a *

2

3

2

3

6

4

2

7

4

6

4

3

2

4

5

7

3

3

5

3

4

4

4

2

3

7

3

Vodafone

Vodafone investment footprint



Warid


ownership

Africa Uganda Warid Telecom Uganda BYOLVQ0L0 49.00%


Asia Pacific Pakistan Warid Pakistan BN7U9VRO2 70.00%

Region Q1 2011 Q1 2011

Africa 2,267,700 1,111,173

Americas 0 0

Asia Pacific 22,413,000 13,846,300

Europe: Eastern 0 0

Europe: Western 0 0

Middle East 0 0

USA/Canada 0 0

Total 24,680,700 14,957,473






ownership

2,267,700 1,111,173 33,530,500 16,429,945 49.00% 2,183,900

4,607,000 1,382,100 165,302,500 49,590,750 30.00% 3,956,000

17,806,000 12,464,200 171,824,000 120,276,800 70.00% 17,517,480





Q4 2010 Q1 2011-Q4 2010

1,070,111 41,062

1,186,800 195,300

12,262,236 201,964



Warid

Total subscriptions


Africa Uganda Warid Telecom Uganda BYOLVQ0L0 49.00% 2,259,000 2,344,000

Asia Pacific Bangladesh Airtel Bangladesh CE7LRKUNH 30.00% 5,390,000 6,334,100

Asia Pacific Pakistan Warid Pakistan BN7U9VRO2 70.00% 19,025,000 20,665,000

Total subscriptions 26,674,000 29,343,100



Africa Uganda Warid Telecom Uganda BYOLVQ0L0 49.00% 1,106,910 1,148,560

Asia Pacific Bangladesh Airtel Bangladesh CE7LRKUNH 30.00% 1,617,000 1,900,230

Asia Pacific Pakistan Warid Pakistan BN7U9VRO2 70.00% 13,317,500 14,465,500

Total proportionate subscriptions 16,041,410 17,514,290



2,446,000 2,559,000 2,684,000 2,820,000

7,198,000 8,004,000 8,640,000 9,270,000

22,198,000 23,668,000 25,119,000 26,595,000

31,842,000 34,231,000 36,443,000 38,685,000


1,198,540 1,253,910 1,315,160 1,381,800

2,159,400 2,401,200 2,592,000 2,781,000

15,538,600 16,567,600 17,583,300 18,616,500

18,896,540 20,222,710 21,490,460 22,779,300


Warid

Warid top 10 networks by proportionate subscriptions, Q1 2011

Warid networks by proportionate subscriptions




Africa Uganda Warid Telecom Uganda BYOLVQ0L0




Warid Telecom Uganda (Uganda)





Warid Pakistan (Pakistan) 12,464,200 17,806,000 16.73% 4

Airtel Bangladesh (Bangladesh) 1,382,100 4,607,000 5.91% 4

Warid Telecom Uganda (Uganda) 1,111,173 2,267,700 16.06% 3


Total Subscriptions



Warid Telecom Uganda (Uganda)




Number of operators

6

6

7

Warid

Warid investment footprint



Zain


ownership

Africa Morocco Wana BW5SD9VKX 15.50%

Africa Sudan Zain Sudan BGP7CXD2U 100.00%

Middle East Bahrain Zain Bahrain BJWV7OERS 56.25%

Middle East Iraq Zain Iraq C5EDDHFR6 71.67%

Middle East Jordan Zain Jordan BGO0DMIYH 96.52%

Middle East Kuwait Zain Kuwait BWIMH05O2 100.00%

Middle East Saudi Arabia SMTC Saudi Arabia C0PIVKBFI 25.00%

Region Q1 2011 Q1 2011


Africa 12,020,300 11,133,050

Americas 0 0

Asia Pacific 0 0

Europe: Eastern 0 0

Europe: Western 0 0

Middle East 26,514,000 15,786,417

USA/Canada 0 0

Total 38,534,300 26,919,467





ownership

1,050,000 162,750 32,192,500 4,989,838 15.50% 1,609,200 249,426

10,970,300 10,970,300 40,797,000 40,797,000 100.00% 10,416,000 10,416,000

457,300 257,231 785,500 441,844 56.25% 499,000 280,688

12,516,300 8,970,432 30,419,000 21,801,297 71.67% 12,074,000 8,653,436

2,464,700 2,378,928 6,362,000 6,140,602 96.52% 2,488,000 2,401,418

1,881,200 1,881,200 3,016,000 3,016,000 100.00% 1,870,000 1,870,000

9,194,500 2,298,625 28,961,500 7,240,375 25.00% 8,393,000 2,098,250






Q1 2005-Q2 2005 Notes

-86,676

554,300 Stake held through Celtel International

-23,456

316,996

-22,489

11,200

200,375


Zain

Total subscriptions


Africa Morocco Wana BW5SD9VKX 15.50% 5,880,000

Africa Sudan Zain Sudan BGP7CXD2U 100.00% 12,506,000

Middle East Bahrain Zain Bahrain BJWV7OERS 56.25% 539,500

Middle East Iraq Zain Iraq C5EDDHFR6 71.67% 14,494,000

Middle East Jordan Zain Jordan BGO0DMIYH 96.52% 2,898,000

Middle East Kuwait Zain Kuwait BWIMH05O2 100.00% 1,945,900

Middle East Saudi Arabia SMTC Saudi Arabia C0PIVKBFI 25.00% 9,483,000




Africa Morocco Wana BW5SD9VKX 15.50% 911,400

Africa Sudan Zain Sudan BGP7CXD2U 100.00% 12,506,000

Middle East Bahrain Zain Bahrain BJWV7OERS 56.25% 303,469

Middle East Iraq Zain Iraq C5EDDHFR6 71.67% 10,387,850

Middle East Jordan Zain Jordan BGO0DMIYH 96.52% 2,797,150

Middle East Kuwait Zain Kuwait BWIMH05O2 100.00% 1,945,900

Middle East Saudi Arabia SMTC Saudi Arabia C0PIVKBFI 25.00% 2,370,750




6,856,000 7,580,000 8,174,000 8,676,000 9,119,000

14,958,000 16,345,000 17,200,000 17,772,000 18,195,000

547,600 561,000 580,000 602,000 621,000

16,051,000 17,007,000 17,564,000 17,884,000 18,053,000

3,193,000 3,459,000 3,713,000 3,980,000 4,218,000

1,999,000 2,059,000 2,117,000 2,186,000 2,261,000

10,737,000 11,672,000 12,498,000 13,233,000 13,901,000

54,341,600 58,683,000 61,846,000 64,333,000 66,368,000


1,062,680 1,174,900 1,266,970 1,344,780 1,413,445

14,958,000 16,345,000 17,200,000 17,772,000 18,195,000

308,025 315,563 326,250 338,625 349,313

11,503,751 12,188,917 12,588,118 12,817,462 12,938,585

3,081,883 3,338,627 3,583,787 3,841,496 4,071,213

1,999,000 2,059,000 2,117,000 2,186,000 2,261,000

2,684,250 2,918,000 3,124,500 3,308,250 3,475,250

35,597,590 38,340,006 40,206,626 41,608,613 42,703,806


Zain

Zain top 10 networks by proportionate subscriptions, Q1 2011

Zain networks by proportionate subscriptions


Africa Sudan Zain Sudan BGP7CXD2U

Middle East Iraq Zain Iraq C5EDDHFR6

Middle East Jordan Zain Jordan BGO0DMIYH

Middle East Saudi Arabia SMTC Saudi Arabia C0PIVKBFI

Middle East Kuwait Zain Kuwait BWIMH05O2

Middle East Bahrain Zain Bahrain BJWV7OERS

Africa Morocco Wana BW5SD9VKX


Zain Sudan (Sudan)

Zain Iraq (Iraq)

Zain Jordan (Jordan)

SMTC Saudi Arabia (Saudi Arabia)

Zain Kuwait (Kuwait)

Zain Bahrain (Bahrain)

Wana (Morocco)

0 1 2 3 4 5 6 7 8 9 10 11 12Subscriptions (millions)




Zain Sudan (Sudan) 10,970,300 10,970,300 51.54% 1

Zain Iraq (Iraq) 8,970,432 12,516,300 53.31% 1

Zain Jordan (Jordan) 2,378,928 2,464,700 35.11% 1

SMTC Saudi Arabia (Saudi Arabia) 2,298,625 9,194,500 19.47% 3

Zain Kuwait (Kuwait) 1,881,200 1,881,200 40.54% 1

Zain Bahrain (Bahrain) 257,231 457,300 32.44% 2

Wana (Morocco) 162,750 1,050,000 3.64% 3


Total Susbcriptions

Zain Sudan (Sudan)

Zain Iraq (Iraq)

Zain Jordan (Jordan)

SMTC Saudi Arabia (Saudi Arabia)

Zain Kuwait (Kuwait)

Zain Bahrain (Bahrain)

Wana (Morocco)

0 1 2 3 4 5 6 7 8 9 10 11 12Subscriptions (millions)



Number of operators

5

4

4

4

3

3

3

Zain

Zain investment footprint



Contents

World Cellular Investors - what is it?

Equity holdings which fall below 0.01% are not included in the WCI spreadsheet.

This edition

This quarter Q1 2011

Previous quarter Q4 2010

Format

Which investors?

America MovilAT&T CorporationChina Mobile CC (holding company)China UnicomChina TelecomDeutsche TelekomEtisalatDigicelFrance TelecomHutchison WhampoaKDDIKPNKT CorporationLG TelecomMIC

A quarterly management tool showing proportionate subscribers for leading cellular operators and investors.

Informa Telecoms & Media's quarterly report brings together world-leading cellular subscriber data with equity information from the World Cellular Database to provide a powerful management tool providing consistent and accurate data.

World Cellular Investors shows equity investment in the cellular network operator, as well as last quarter subscriber data for each network. The spreadsheet aims to cover all the investor's properties, worldwide, including those below 50% equity.

Mobile Virtual Network Operators (MVNO) are only reflected in World Cellular Investors where the 'Investor' does not own an Mobile Network Operator (MNO) in the market. Where an 'Investor' owns the same stake in both an MNO and an MVNO in the same market, the subscription data for the MVNO is consolidated in the subscription data for the MNO.

Where a company refers to its holding in common stock or ordinary shares and capital stock (ordinary and preferred shares), the capital stock is regarded as the equity investment in the specified company.

Excel spreadsheet - one sheet per investor. This allows for the creation of charts and graphs for presentations and illustrations.

Contents

MTC (Zain)MTNMTSNTT DoCoMoOrascomPortugal TelecomQtelSingapore TelecomSK TelecomSprint NextelTelefonica SATelenorTeliaSoneraTelecom ItaliaTelekom AustriaTelekom MalaysiaTurkcell HoldingVerizonVimpelCom

### VodacomVodafone

What data?

RegionsAfricaAmericasAsia-Pacific

Europe: EasternEurope: WesternMiddle EastUSA/Canada

CountryCompany nameEquity ownership at last quarterTotal network subscribers at last quarterProportionate equity subcribers at last quarterPopulationProportionate equity populationEquity ownership at previous quarterTotal network subscribers at previous quarterProportionate equity subscribers at previous quarterProportionate equity subscribers difference since previous quarter

Graphs

Each quarterly package comes with a graph showing the ranking of the investors covered in the report, colour-coded to reflect their holdings in each geographical region. This edition also includes graphs showing the rankings of the investors in each region.Each investor's sheet contains a summary graph ranking the top ten networks by proportionate subscribers.

Methodology

World Cellular Investors

How the data is collated?

for more information on this product:

Estimated subscriber data

World Cellular Investors website

World Cellular Investors provides the proportionate subscriber data for leading cellular investors - showing their equity investment in the cellular network operator, as well as last quarter subscriber data for each network. The spreadsheet will aim to cover all the investor's properties, worldwide.

If a 'WCI Investor' (A) holds indirect investments via another 'WCI Investor' (B) - the total domestic subscriber base of the invested company (B) is counted + the proportionate subscriber base of all their other holdings - based on the % held by the investor (B) in each of its other holdings.

Each spreadsheet contains a full list of the cellular operations owned, including those below 50% equity.

The data is drawn from the World Cellular Information Service

World Cellular Information Service

Informa Telecom & Media's global research team collects subscriber information on every country in the world, whether part of a large corporate investor or independent local operator. This data, cross-checked and verified through a network of associates around the world, forms the Cellular Subscriber Database.

Equity information for the Network Owners & Investors database is gathered from the usual sources of publicly available company documentation, with additional clarifications from companies where necessary. Contacts with network operators worldwide allow us to cross check the investor information and keep networks as up to date as possible.

The aim of the World Cellular Investors quarterly datasheet is to provide a single line relationship between the large investor (eg Vodafone) and the network operator (eg Safaricom, Kenya). Although intermediate holding companies or subsidiaries are not shown, the final equity figure is based on a full calculation of all the relevant holdings.

Where official results or other data is not available by the World Cellular Investors publication dates, Informa Telecoms & Media will use estimates for these networks.

Contents

http://www.informatandm.com/about/wcis/


Contact Informa Telecoms & Media

Tel: +44 (0)20 7017 4800

Mortimer House, 37-41 Mortimer Street, London W1T 3JH, United Kingdom


Estimates are usually derived from the World Cellular Database subscriber model, which generates a subscriber figure for every network in the world based on historical data. In some cases the database estimate may be amended to reflect anticipated results due after the publication date of the World Cellular Investors datasheet.

Contact detailsWorld Cellular Information Service

http://www.informatandm.com/contact-us/


Informa World Cellular Investors Info-June-2011

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