Investor Presentaiton
LYRB
UIA TELECOMMUNICATIONS REVENUE BONDS, SERIES 2019
SECTION XI: ONGOING NETWORK EXPANSION
EXPANSION WITHIN MEMBER CITIES
With the utilization of funds from the UIA-Layton bonds, Layton City is now about 70% built-out and will be substantially complete by the
end of the year.
Additionally, Payson City completed a bond transaction in early Summer 2019 to finance the costs of its remaining infrastructure.
EXPANSION BEYOND MEMBER CITIES
Interest level by other cities continues to grow
О Morgan City and West Point City completed bond transactions in Spring 2019 and Summer 2019, respectively to finance the costs of fiber
infrastructure in their cities.
О
These transactions are self-supporting and governed by separate service agreements and bond documents.
A member of the Executive Team meets with a different City almost every week at the invitation of the City.
Financial model discussed is one of two options:
О The City provides cash for UTOPIA/UIA to build the fiber network; or
The City enters into a Service Agreement similar to the Morgan or West Point Service Agreement and UIA will finance the fiber build-out
in that City.
As other cities come online UTOPIA/UIA will not slow down the buildout in its member cities.
UIA has a contract in place with Idaho Falls, Idaho to build and manage their FTTH network.
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