Raising our Outlook

Financial Outlook Overview Revenue Growth 4% annual service and other revenue growth in 2024 & beyond Strong Margins NaaS to drive long-term consolidated Adjusted EBITDA growth at or above revenue growth Capital Intensity Reduction below pre-C-Band levels Leverage Achieve target long-term leverage ratio of 1.75-2.0x by 2025 Return of Capital Dividends and Buybacks ESG Invest $3B in Digital Inclusion by 2025 & carbon neutral operations by 2035 7

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