Financial risk tolerance serves as a guidepost to investment and capital allocation.Other Considerations: Some other considerations include but are not limited to: our assessment of the quality of management, corporate governance, financial controls, liquidity, non-wholly owned subsidiaries, excess cash balances, event risk, and parental and institutional support. • Axiata Group Berhad • Bharti Airtel Ltd. • CAS Holding No. 1 Limited • China Mobile Limited • CK Hutchison Group Telecom Holdings Limited• Hong Kong Telecommunications (HKT) Limited • Indosat Tbk. (P.T.) • KT Corporation • PLDT Inc. • Singapore Telecommunications Limited • Singtel Optus Pty Limited • SK Telecom Co., Ltd. • Telekom Malaysia Berhad • Telekomunikasi Indonesia (P.T.)• Telekomunikasi Selular (P.T.)• Telstra Corporation Limited• Voyage Digital (NZ) Limited• XL Axiata Tbk (P.T.)