Summit Bulletin (Issue 08)

Dear Summittians,

The last couple of years have been nothing short of eventful, and the previous quarter was no exception. There were a slew of announcements, events, and changes that were brought to the fore, as we ride the 5G wave. Summit is at the forefront of India’s 5G deployment through our myriad of services and offerings, which places us at an enviable position in the market.

India is now even looking past 5G, and into the 6G domain, with officials estimating that 6G will be the norm in the country by 2029. India is expected to have the fastest rollout of 5G in the world, and we are well underway. This is owed to the ecosystem, the government and participants working in-tandem towards the fastest 5G rollout, marking our country in a bright spot for steep economic growth. I can’t help but feel proud, as Summit Digitel sits at the centre of these infrastructure deployments in the country.

Closer to home, it was a quarter of very healthy financial results signalling strong growth for the future. We availed a seven year tie up with Export Development Canada for debt facilities.

In another strong sign of prospective growth, Our Mumbai office is currently undergoing an expansion, with new offices set to be opened in the cities of Indore and Jaipur in the near future.

On the IT front, the application ‘Summit Works’ is a roaring success. It provides a one stop solution for surveying, monitoring, auditing, reviewing, and tracking various work activities. Our digital transformation journey is also well underway, with the implementation of an automated IT service management platform, a centralised IT helpdesk for ticket logging, and remote end-user support for all Summit employees. We are also proud to announce that SAP S/4 integration has been successfully completed for Reliance for their data. Around 1.5 lakh documents have been transferred and updated. Apart from this, we have also brought in stringent processes against bribery, corruption and updated our internal systems to more advanced technologies to tackle evolving cybercrimes.

The coming quarter, and the new Financial Year, will be an exciting time, but will also require us to put our best foot forward. After all, we are one of the leading telecom infrastructure companies in the country at one of the most exciting times in telecom history!

It was a quarter of very healthy financial results signalling strong growth for the future

It gives me immense pleasure to be a part of the Summit Digitel team, as we are at a crucial juncture when the work that we do over the next few years will set the foundation for all future deployments in telecommunications and technology, led by 5G.

I have been fortunate to serve under many Brookfield companies over the years, and have seen the exponential growth of Summit Digitel at close quarters. It is very exciting now to be at the centre of all the action here. We are arguably laying the foundations for most future telecommunication and technology implementations, and driving the HR needs for Summit will be exciting as well as challenging.

I say exciting and challenging because the role of the CHRO has changed considerably. We as a company are now required to pay close attention to the increasing use of technology in the workplace, create a positive and engaging work environment for us and our fellow employees, and also act as change agents as we undergo considerable change in terms of processes and functions.

While the leadership works towards an effective talent management strategy, it ultimately boils down to each one of our employees to play a role as cultural stewards, and as agents of change and innovation, as we move forward into our next phase of growth.

As of now, we have already put in place a few solid practices that strengthen our cultural stand. A few of these are our Prevention of Sexual Harassment (POSH) sessions, constant re-skilling and upskilling programs, and recognition of exceptional performers under our Summit Appreciation Thank Card processes.

Currently, the guidelines for the Annual Performance Appraisal process is underway, and we have a slew of programs and events lined up for the company. I would like to end by saying that each of us have a role to play in making Summit a company with a skilled and engaging workforce, a company that operates with integrity and ethics, is customer focused, and fosters innovation and creativity in all aspects of our professional lives.

We have already put in place a few solid practices that strengthen our cultural stand

We also observed the National Safety Week from 4th March 2023 to 10th March 2023, focused on creating awareness through emailers, pledges, and training.

For our splendid efforts for safety and security, we were presented with a Certification of Appreciation from the National Safety Council of India, presented by the Ministry of Labour.

This award reinforced our unwavering commitment to providing a safe and secure work environment for our employees.

The #NationalSafetyCouncil of India Awards 2022 presented by Ministry of Labour recognized Summit Digitel with the coveted Certificate of Appreciation.

Other key reports and training updates:

It is also notable that we are the only telecommunications company to be recognized with this award meeting more than 65% of the evaluation criteria.

Materiality report has been finalised for ESG

The Summit Safety Program Refresher well underway to remind employees of the importance of prioritising high safety standards

HSSE and operations teams trained on how to work at tall towers and heights through a third-party agency

Say hello to our new Compliance Manager!

Summit recognises the importance of compliance and our growing responsibility towards the same as we scale up drastically over the next few quarters. In this regard, we have onboarded Vipin Singh, the regional legal head for the west region, as our new official Compliance Manager. Vipin has always had an active part to play in compliance, playing key roles in setting up compliance tools and monitoring the progress and implementation of compliance measures.

What is Cyber insurance and Commercial crime Insurance?

Cyber Insurance:

Summit Digitel is covered by Cybersecurity insurance, an insurance tool that helps protect businesses from capital loss occurring through systems hacking, ransomware extortion, and data breaches

Commercial Crime Insurance:

Similar to Cyber Insurance, our commercial crime insurance policy provides protection against incidences such as theft, forgery, online frauds and the likes.

Automating processes to combat bribery and corruption:

We have automated most processes such as mechanism of approvals, employee data safety, data management. Summit is constantly trying to bring in technological prowess to all of our processes in order to make the systems more transparent and fool-proof.

At Summit Digitel this quarter,

we conducted a host of planning and meetings to ensure that our risk awareness is at an all-time high and we are compliant to every single rule in the books.

We recently concluded our

2nd Risk Committee

meeting on 9th February, when a functional deep dive on risk function was presented to the members. The discussions ensured that we got critical inputs to strengthen the overall risk culture at Summit. meeting on 9th February, where a functional deep dive on risk function was presented to the members by the CRO. The discussions ensured that we got critical inputs to strengthen the overall risk culture at Summit.

Annual Internal Audit plan

for the financial year 2324 was also approved on 9th February, for which we onboarded Ernst & Young as our IA partner.

CA firm YRKDAJ & Associates

was also onboarded to support the Internal Audit function in conducting internal reviews and ABC monitoring apart from the approved IA plan.

A visit to remember:

The Risk Leadership from Brookfield comprising of Jeff Rosenthal (Vice Chair and Operating Partner in Brookfield’s Infrastructure Group) John Soini (Operating Partner · Brookfield Asset Management) were accompanied by Iman Kara (Director, Portfolio Management & ESG Strategy · Brookfield Asset Management) and Kate O’Reilly (Manager, Portfolio Management & ESG Strategy), visited the Summit Corporate office on 13th March.

The global leaders were given an overview and a detailed update on the Risk function by our Chief Risk Officer, Sunil Panjwani, who also conducted a special session on HSSE. Brookfield’s risk leaders appreciated the intensive efforts undertaken by the Summit Risk functions.

From active customer visits and engagements to leaders on the move celebrating milestones together, it was indeed an eventful quarter.

MPCG Customer meeting at Indore

Again, the quarter witnessed a stellar performance by the sales team, clocking in 2877 SRs and 1853 SOs.

500 Site On-Air celebration with Airtel Leadership team in Rajasthan attended by CSMO, COO, NSOH AND RBH along with Circle team.

Customer Meeting with UPW – CTO

Leaders on-field

Revenue Actualization Program (RAP) project kicked off in Kerala

The RAP project has been launched in Kerala, with the entire Circle Team and the Regional Team focused on protecting revenue leakage at the circle level.

Airtel team appreciated and celebrated our spirit of partnership in Kolkata & WB and Bihar circles

Sites visited by Board Members while they were in Kolkata

Other updates:

CHRO visit to Kolkata regional office

Our new CHRO, Renuka Gowda, took part in the Monthly Town Hall at Summit-East, particularly at the Kolkata regional office, in February 2023.

Airtel Karnataka Team visiting our Bangalore Office

Airtel UPW circle recognised Summit’s contribution in their annual R&R

Road Safety Campaign

Employees in superhero costumes

People with cardboard messages

Pamphlets were distributed

National Safety week and Festival of Holi celebrated with Airtel J&K Team

MPCG and M&G circles also celebrated milestone achievements with Airtel circle teams.

MSA Download and Discussion session conducted for East Region at Kolkata and for North Region at Chandigarh during this quarter.

The quarter marked new innovative practices from the Marketing team

to engage employees as well as ensuring that the work that we do is heard and recognised in the ecosystem.

1.Launch of the Biggest Loser Challenge

Summit encouraged its employees to get more active and adopt a fit lifestyle

What Who How There’s more:

With 33% employees engaging in a weight loss routine over the course of three months, the campaign is already seeing waves

Many employees are aboard the bandwagon and receive weekly emails with tips and tricks to become healthier

As part of the Challenge, Summit organised Yoga and Zumba classes along with nutritionists to support the participants throughout their fitness journey

Approximately 33% of employees participated, making it a great success.

A Zumba and nutrition session was conducted as part of the campaign, along with health tips, tricks, and healthy lifestyle updates.

2.Dhananjay’s views featured in Times of India and Tele.Net

Our MD & CEO shared his two cents with the Times of India on the growing importance of ESG initiatives.

“Sustainability issues are relevant not just for being environmentally friendly, but also for identifying where to place budgets in the long run, minimising risks, limiting costs, and meeting short-term commitments to sustainability,” says Dhananjay in TOI.

In an exclusive interview with Tele.Net, Dhananjay explained in detail the prominent role that Summit Digitel will play in the upcoming 5G wave

“Many infrastructure players have already begun exploring new opportunities by diversifying into fibre, smart cities and small cells. In fact, I do consider that it is both important and practical to use street furniture in developing digital infrastructure,” says Dhananjay.

3.Another milestone reached on LinkedIn!

Our LinkedIn family is now 10,000+ people. This shows that the work being put in by every Summitian being seen by more people everyday.

4.Women’s Day campaign

As part of our celebration of Women’s Day, we have released a video that features the incredible women of Summit Digital as well as their unique contributions to the company. Through the use of a fun and trendy approach, the video has gained significant traction and reinforced our position as a company that values diversity, encourages a culture of inclusion, and promotes a positive ethos.

5. Launch of Data Infrastructure Trust Website

We successfully revamped the existing Data Infrastructure Website.

which published the financial results for the quarter ended Dec 22 with the approval of the board and the statutory auditors.

Revenues were at a very healthy

Rs. 83 billion

while the earnings before Interest, Taxes, Depreciation, and Amortisation, stood at Rs. 32 billion.

Compliance is something that is strictly adhered to at Summit without any compromise. In this regard, we are proud to say that we obtained a clean report from our statutory auditors, and completed Annual Brookfield Reporting as well as SOX (Sarbanes-Oxley Act, US) compliance successfully for 2022.

After the roaring success of SAP/HANA implementation last year, the first phase of SAP go live was completed where we integrated with Reliance SAP, effective January 2023. We are proud to say that our systems are processing more than 1.2 million transactions per month.

Another testimony to our commitment to the highest levels of compliance and strong business fundamentals is with the reaffirmation of ‘AAA’ rating for all debt instruments by rating agencies CRISIL, ICRA and CARE.

Another milestone in our financial books: we had a 7 year tie up towards debt facilities for Rs. 24 billion through Export Development Canada, Canada’s export credit agency that offers trade finance and export credit insurance.

It was an eventful quarter for the finance team,

Rs. 12 billion

was also raised through Non-convertible debentures (NCD) for debt refinancing.

At the local level,

Jaipur

New contracts were awarded for extension of corporate office and launching new offices at Jaipur/ Indore, signalling strong business acumen, thereby strengthening our future prospects. Indore

The role of the HR is constantly evolving as it becomes more strategic

We are more focused on employee well-being, and are constantly adapting to the changing needs of the workplace. Our HR team has been busy with a host of tasks to ensure that Summit employees are healthy, happy, and productive, and that all processes run smoothly in the backend.

Summit’s operations team has been deeply involved in developing structures, processes and capabilities for our ever-expanding suite of solutions and clientele. Their work directly translates to better management and monitoring of our telecommunications solutions and processes.

Good healthy competition is being observed among all four regions in terms of their RFAI numbers.

The East region is leading at 35%, and the West and North regions are closely behind and catching up, with 28% and 25% respectively.

The visiting guests were Ryan Bisch from Ontario Power Generation, Kibum Hwang & Jinyung Bae from the National Pension Service of Korea (NPS), and Eric Lang & Carolyn Hansard, from the Teacher Retirement System of Texas.

Operations - East

The East division plays a significant role in Summit Digitel’s overall functions. Here are a few key highlights from the operations team in the East for the quarter:

Becomes the first region to cross the 3000 RFAI mark, and have currently achieved

Delivered over 2000 RFAIs in the current financial year, totalling

Bihar becomes the third circle nationally to cross 1000 RFAI mark, and also becomes the second circle in the East to get this distinction

These three milestones were cause for celebration for the teams, with the Patna team cutting cake to celebrate the landmarks.

Celebration with the Airtel team at Patna

The Summit and Airtel teams celebrating at KWB on crossing 1100 sites in Bihar, and on becoming the first region to cross the 3000 RFAI mark while delivering over 2000 RFAIs in the current year.

Cake cutting for crossing 1000 RFAI’s in Bihar

SUMMIT WORKS:

A step towards Digital Transformation and Innovation.

Summit Works, which provides a comprehensive, one stop solution for

Key features of SMART module:

An extensive multi-checklist with multiple role matrixes, including quality monitoring, health and safety, and sharer onboarding

Monitoring, auditing, and surveying capabilities

An option to search for a site and enter a technician’s details as a mandate

Calculation of hygiene scores based on checklists

Key features of Summit Works PTW:

GEO Tagging

Implementation of IT Service Management System (IT Assist) at Enterprise level:

We also implemented a centralized ITSM System with the following main features:

The IT Assist application provides a single window for issue resolution, employee self-services, and is a centralised window for all IT apps, and monitoring and automation.

Benefits:

SAP S/4 HANA – Integration with Reliance for Data and Documents: Key accomplishments

Completed the integration for financial data posting near real time with average daily volume of

60K transactions

Financial data from Reliance SAP ECC available in Summit’s SAP since 1st April 22 with month wise Trail Balance reconciliation.

Completed the integration for Document transfer for pass through cost and KYC documents from Reliance to Summit. Approx 1.5 lacs documents are transferred and updated.

Asset Accounting Module went live in SAP system with asset depreciation run successfully for the first time in the month of Jan’23.

Approx 12 lacs tower assets are capitalized in SDIL Book of Accounts

Brookfield Consolidation Report is now available for

IFRS and IGAAP.

are productively performed in SAP Systems.

This award has been given to those who has been heading high with “Innovation” despite surrounded by challenges and hindrances and enables to meet expectations with limited resources, stipulated time frame and unprecedented expectations.