Fourth consecutive quarter of sequential revenue growth

Vi GIGAnet fastest 4G network in India Highlights for the Quarter

· Revenue grew to Rs. 104.1 billion, a QoQ growth of 1.7% (YoY growth of 13.7%)

· ARPU for the quarter stands at Rs. 128 vs Rs. 104 in Q1FY22, up 23.4% YoY aided by tariff hikes

· EBITDA (pre IndAS116) improved to Rs. 21.1 billion, vs Rs. 19.7 billion in Q4FY22 (adjusted for one-offs)

· Continued network capacity expansion supported by spectrum refarming and network upgrade to 4G

· Vi GIGAnet is the fastest 4G network in India as per Opensignal’s April 2022 India Mobile Network Experience report*

· Vi continued to offer best voice quality as per TRAI “MyCall” app data for 17 out of 20 months between November 2020 and June 2022

· Acquired 5G spectrum (Mid band – 3300 MHz) in our 17 priority circles, along with mmWave in 16 circles and 4G spectrum in 3 circles, in the recently concluded spectrum auction

· With incremental preferential contribution of ~Rs. 4.4 billion by Vodafone Group, Promoters infused ~Rs. 49.4 billion between March 2022 and July 202

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