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SEGMENT INFORMATION (Tables)
6 Months Ended
Jun. 30, 2023
Operating Segments [Abstract]  
Schedule of reportable segments financial information by geography
Financial information by reportable segment for the six and three-month periods ended June 30, is presented in the following tables. Inter-segment transactions are not material, and are made on terms which are comparable to transactions with third parties.
For the six-month period ended June 30:

Service revenueSale of equipment and accessoriesOther revenueTotal Revenue
MobileFixed
20232022*20232022*20232022*20232022*20232022*
Pakistan493 602 — — 45 54 540 664 
Ukraine435 493 26 32 — — 464 528 
Kazakhstan279 263 72 27 363 301 
Uzbekistan129 108 — — — — — — 129 108 
Bangladesh278 288 — — — — 282 293 
Others26 39 — — — — — — 26 39 
HQ and eliminations(3)(4)(1)(4)— — — — (4)(8)
Total segments1,637 1,789 97 55 7 14 59 67 1,800 1,925 
*Prior year comparatives for the six-month period ended June 30, 2022 are adjusted following the classification of Russia as a discontinued operation (see Note 5).
Adjusted 
EBITDA
CAPEX
exc. licenses and ROU
20232022*20232022*
Pakistan250 310 50 141 
Ukraine274 326 56 58 
Kazakhstan196 154 42 34 
Uzbekistan56 72 36 40 
Bangladesh105 111 67 105 
Others10 16 
HQ and eliminations(91)(78)(3)
Total segments800 911 258 382 
*Prior year comparatives for the six-month period ended June 30, 2022 are adjusted following the classification of Russia as a discontinued operation (see Note 5).
For the three-month period ended June 30:

Service revenueSale of equipment and accessoriesOther revenueTotal Revenue
MobileFixed
20232022*20232022*20232022*20232022*20232022*
Pakistan247 296 — — — 23 26 270 325 
Ukraine221 236 13 15 — — 236 252 
Kazakhstan145 139 36 15 188 159 
Uzbekistan66 55 — — — — — — 66 55 
Bangladesh142 146 — — — — 144 148 
Others13 19 — — — — — — 13 19 
HQ and eliminations(1)(2)— — — — — (1)(1)
Total segments833 889 49 30 3 6 31 32 916 957 
*Prior year comparatives for the three-month period ended June 30, 2022 are adjusted following the classification of Russia as a discontinued operation (see Note 5).
Schedule of segment adjusted EBITDA and capital expenditures by geography
Adjusted 
EBITDA
CAPEX
exc. licenses and ROU
20232022*20232022*
Pakistan128 152 35 57 
Ukraine139 155 36 36 
Kazakhstan104 88 26 16 
Uzbekistan28 45 28 36 
Bangladesh55 56 36 54 
Others
HQ and eliminations(44)(41)(3)
Total segments415 464 169 200 

*Prior year comparatives for the three-month period ended June 30, 2022 are adjusted following the classification of Russia as a discontinued operation (see Note 5).
Schedule of segments reconciliation of consolidated Adjusted EBITDA to Profit / (loss) before tax
The following table provides the reconciliation of Profit / (loss) before tax from continuing operations to Total Adjusted EBITDA for the six and three-month periods ended June 30:
Six-month periodThree-month period
20232022*20232022*
Profit / (loss) before tax from continuing operations224 325 188 114 
Adjustments to reconcile Profit / (loss) before tax to Total Adjusted EBITDA
Depreciation261 286 133 145 
Amortization104 104 51 50 
Impairment loss / (reversal)(11)34 (7)13 
(Gain) / loss on disposal of non-current assets(1)(1)
(Gain) / loss on disposal of subsidiaries— 31 (3)30 
Finance costs280 294 140 142 
Finance income(33)(10)(17)(5)
Other non-operating (gain) / loss(14)(2)(12)
Net foreign exchange (gain) / loss(10)(152)(57)(35)
Total Adjusted EBITDA800 911 415 464 
*Prior year comparatives for the six and three-months periods ended June 30, 2022 are adjusted following the classification of Russia as a discontinued operation (see Note 5).