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Investor Presentaiton

...Generating Above-Market Revenue Growth... Our fiber-dense network differentiates us from traditional carriers, allowing us to overcome legacy declines in each quarter of 2017 (11.0%) 2017 vs 2016 co Cincinnati Bell connecting what matters E&C 2.7% (4.6%) CenturyLink+3 (5.8%) windstream. 2 W² communications Q4 '17 vs Q4 '16 co Cincinnati Bell 1 (6.8%) Consolidated communications (6.2%) 4 Frontier COMMUNICATIONS (8.0%) connecting what matters 2.0% E&C 2 (3.0%) windstream. W² communications (4.2%) CenturyLink 3 Investments in Fiber Showing Results for Shareholders Source: Company filings [1] Pro forma for FairPoint [2] Pro forma for EarthLink [3] Excludes Level 3 and adjusted for data center sale [4] Pro forma for CTF acquisition Consolidated communications Frontier COMMUNICATIONS 1 20
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