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5.4.
Disclaimer
Forward-looking statements
This integrated report includes information and
statements which are or may constitute forward-
looking statements.
These forward-looking statements include all
matters that are not historical facts, statements
regarding the Company’s intentions, beliefs or
current expectations concerning, among other
things, the results of operations, financial condition,
liquidity, prospects, growth and strategies of the
Company and the industry in which the Company
operates. However, whether actual results and
developments will conform with our expectations
and predictions is subject to a number of risks,
uncertainties and assumptions. The Company
cautions you that forward-looking statements
are not guarantees of future performance and
that its actual results of operations, financial
condition and liquidity, and the development of
the industry in which the Company operates may
differ materially from those made in, implied or
projected by, the forward-looking statements
contained in this integrated report. The Company
does not undertake any obligation, and does not
expect, to review or confirm analyst expectations
or estimates or to release publicly any revisions to
any forward-looking statements to reflect events
that occur or circumstances that arise after the
date of this integrated report.
Analysys Mason
Figures, projections and market analysis from
Analysys Mason which are contained in this
integrated report are based on publicly available
information only and are produced and published
bytheResearchDivision ofAnalysysMason Limited
independently of any client-specific work within
Analysys Mason Limited. The opinions expressed
in the Analysys Mason material cited herein are
those of the relevant Analysys Mason report
authors only. Analysys Mason Limited maintains
that all reasonable care and skill have been used
in the compilation of the publications and figures
provided by Analysys Mason’s Research Division
and cited in this document. However, Analysys
Mason Limited shall not be under any liability
for loss or damage (including consequential loss)
whatsoever or howsoever arising as a result of
the use of Analysys Mason publications, figures,
projections or market analysis in this document,
by Vivacom, its servants, agents, or any recipient
of this document or any other third party. The
Analysys Mason figures and projections cited in
this report are provided for information purposes
only and are not a complete analysis of every
material fact respecting any company, industry,
securityor investment. AnalysysMason figures and
projections in this document are not to be relied
upon in substitution for the exercise of independent
judgment. Analysys Mason may have issued, and
may in the future issue, other communications
that are inconsistent with, and reach different
conclusions from, the Analysys Mason material
cited in this document. Those communications
reflect the different assumptions, views and
analytical methods of the analysts who prepared
them and Analysys Mason is under no obligation to
ensurethat suchothercommunicationsarebrought
to the attention of any recipient of this document.
The Analysys Mason material presented in this
document may not be reproduced, distributed or
published by any recipient for any purpose without
the written permission of Analysys Mason Ltd.
VIVACOM 2018
5. ANNEXES
ANNUALREPORT
2018
INTEGRATED
110