Investor Presentaiton

5G Fixed Wireless Ready Footprint TeraGo's mmWave assets have scarcity value and provide a time to market advantage mmWave Spectrum Market Share in Canada (based on MHz-PoPs) Business Connectivity Total Addressable Market¹ 24 GHz 38 GHz Total Telus Bell 5% Bell 5% Xplornet 0.5% ABC 0.5% Telus 4% 4% ABC 0.1% 1-499 Xplornet 0.1% TeraGo Spectrum Coverage Area: Canadian Employee Business Companie Telecom: S: $7.6bn $4.9bn 65% 100% $3.3bn² 43% TeraGo 90% TeraGo 99% TeraGo 92% TeraGo Fixed Wireless Footprint Prince Albert, SK Grande Prairie, AB Edmonton, AB Kelowna, BC • Red Deer, AB Calgary, AB Vancouver, BC Winnipeg, MB Victoria, BC Ottawa, ON Existing rooftop deployment Toronto, ON Montreal, QC Total Sites: 600+ Note: Data as of Q3 '18 1. 2. Canadian Data and Internet Services Includes businesses with 1-499 employees and only includes areas where TeraGo owns spectrum; total addressable market size as of 2018 Fixed Wireless Sites by Key Market 187 111 ■..... Greater Toronto Area 73 66 61 53 Calgary Vancouver Edmonton SW Ontario Other TeraGo 7

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