EBITDA (times) 1.4 1.1 1.0 Inventories 3,823 1.3% 2,885 1.0% Current Ratio (times) 0.4 0.6 0.4 Others 3,433 1.2% 4,389 1.5% Interest Coverage (times) 11 13 15 Current Assets 34,905 12% 37,691 13% Debt

) Inventories 3,243.72 16.30 3,716.83 19.75 (473.11) (12.73) Derivative Assets 14.30 0.07 - - 14.30 100.00 Other Current Assets 24.13 0.12 19.60 0.10 4.54 23.15 Total Current Assets 5,807.83 29.19 5,713.54 30.36

equivalents 22,533,269.53 25,651,077.17 20,524,910.92 Temporary investment 5,241,949.17 5,309,413.06 6,377,745.21 Accounts receivable 52,830,769.23 97,336,347.84 84,244,763.21 Inventories 28,389,206.62

) 1.1 0.9 0.7 Inventories 4,828 1.7% 2,739 0.7% Net debt & lease liability & spectrum license payable to EBITDA 2.0 1.7 2.2 Others 4,411 1.5% 3,887 1.0% Current Assets 47,142 16% 55,337 15% Current Ratio

1.0 0.9 Trade receivable 16,579 4.7% 15,219 4.3% Net debt to EBITDA (times) 0.9 0.9 0.8 Inventories 2,372 0.7% 2,104 0.6% Net debt & lease liability & Spectrum license payable to EBITDA 2.1 2.3 2.2

investment 1,392 0.4 % 982 0.3 % Trade receivable 15,219 4.3 % 16,414 4.9 % Inventories 2,104 0.6 % 3,839 1.1 % Others 4,111 1.2 % 4,088 1.2 % Current Assets 35,566 10 % 34,338 10 % Spectrum license 131,775 37

% 19,356 4.3 % Inventories 3,839 1.1 % 4,147 0.9 % Others 4,088 1.2 % 3,034 0.7 % Current Assets 34,338 10 % 41,838 9.2 % Spectrum license 119,765 36 % 121,154 27 % Network and PPE 113,252 34 % 139,224 31

statements and after the legal reserves reduction, subject to the Company’s performance, financial status, liquidity, investment plan, the need of working capital for use in business operation and expansion

the corporate income tax according alone financial statements and after the legal reserves reduction, subject to the Company’s performance, financial status, liquidity, investment plan, the need of

has a policy of paying dividend at the rate of not less than 40 percent of the net profit after the corporate income tax according alone financial statements and after the legal reserves reduction