Investor Presentaiton

LYRB UIA TELECOMMUNICATIONS REVENUE BONDS, SERIES 2019 SECTION VIII: RESIDENTIAL AND COMMERCIAL COMPETITIVE LANDSCAPE COMPETITION MAIN COMPETITORS Century Link (direct competitor in UTOPIA/UIA markets). Comcast (direct competitor in UTOPIA/UIA markets). Google Fiber (currently in two markets in Utah, Salt Lake City and Provo, but are not located in UTOPIA/UIA cities). COMPETITORS' SERVICES Below is a sample table of providers' services and rates. All speed offerings are not directly comparable since UTOPIA/UIA fiber is direct to the household and others are not. COMCAST UTOPIA/UIA FIBER 15 Mbps - $29.99 60 Mbps - $39.99 150 Mbps - $54.99 250 Mbps $69.99 400 Mbps $84.99 I Gbps for $89.99 (min. 2-year requirement plus mandatory equipment rental *All prices are introductory and increase by $30 after the first year of service CENTURY LINK 20 Mbps - $45.00 40 Mbps $55.00 250 Mbps for $65.00 I Gbps for $78.00 10 Gbps for $229.00 GOOGLE FIBER 100 Mbps for $50 I Gbps for $70 The repeal of net neutrality was effective in June 2019 and created an even better story for UTOPIA/UIA as it remains a net neutral provider unlike its competition. THE "GOOGLE FACTOR" Google's foray into the Utah market has helped UTOPIA/UIA as it greatly increased fiber awareness. Google has drastically slowed its fiber deployment in the State. Generally, Google's service areas do not overlap with UTOPIA/UIA. Where some overlap exists UTOPIA/UIA and Google market to different segments (business v residential). Google only does 'fiber to the door' making UTOPIA/UIA more competitive for multifamily projects. PAGE 29 WE PROVIDE SOLUTIONS

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