Forward-looking statements

This annual report contains forward-looking statements that involve risks and uncertainties. These forward-looking statements are usually accompanied by words such as ‘believe’, ‘intend’, ‘anticipate’, ‘plan’, ‘expect’ and similar expressions. We caution that a number of important factors could cause actual results or outcomes to differ materially from those expressed in any forward-looking statement. These factors include, but are not limited to, the following:

  • the level of demand for telecommunications services or equipment, particularly with regard to access lines, traffic, bandwidth and new products;
  • competitive forces in liberalised markets, including pricing pressures, technological developments, alternative routing developments and new access technologies, and our ability to retain market share in the face of competition from existing and new market entrants;
  • the effects of our tariff reduction initiatives or other marketing initiatives;
  • the impact of insolvencies of our major customers or international suppliers;
  • the regulatory developments and changes, including the levels of tariffs, the terms of interconnection, unbundling of access lines and international settlement arrangements;
  • our ability to achieve cost savings and realise productivity improvements;
  • the success of new business, operating and financial initiatives, many of which involve start-up costs, and new systems and applications, particularly with regard to the integration of service offerings of our newly integrated subsidiaries;
  • our ability to secure the licences we need to offer new services and the cost of these licences and related network infrastructure build-outs;
  • the progress of our domestic and international investments, joint ventures and alliances;
  • the impact of our new business strategies and transformation process including the reintegration of subsidiaries and restructuring of operations;
  • the availability, terms and deployment of capital and the impact of regulatory and competitive developments on capital expenditures;
  • the outcome of current and future litigation in which we are or will be involved;
  • the level of demand for our shares which can affect our business strategies;
  • our ability to further reduce our existing workforce;
  • concerns over health risks associated with the use of wireless handsets or radio frequency emissions from transmission masts;
  • changes in the law including regulatory, civil servants and social security, pensions and tax law; and
  • general economic conditions, government and regulatory policies, new legislation and business conditions in the markets we serve.