Investor Presentaiton

FCC OTMR PROCESS One Touch Make Ready Chairman Pai's Blog Statement: "Spectrum's not the only key to 5G. We'll also have to make network deployment-and in particular the smaller, denser infrastructure of 5G networks-easier. . . . Instead of having multiple parties sequentially prepare poles for a new attacher, as is current practice, the process can be much quicker if a single construction crew does all the make- ready work at once. By making it quicker and cheaper to attach to poles, we can accelerate network buildout and make it easier for new entrants to provide more broadband competition." 42 42 Davis Wright Tremaine LLP

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