Risk Factors Update Summary

• Across all segments, the Company accrued $0.3 million penalties for minimum commitment shortfall in 2023.
• Rising inflation and interest rates globally may impact financial performance. Ting segment faces increased costs due to inflation, with efforts to reduce build costs ongoing.
• The Company incurred $31 million in redemption of Series A Preferred Units on May 4, 2023.
• Wage inflation is being managed against hiring plans and contractor mix across all operating segments.
• The Company's outstanding 2023 Term Notes decreased from $238.5 million to $211.9 million as of April 1, 2024.
• The Company is monitoring economic conditions closely and assessing ways to mitigate adverse impacts.
• Ting LLC has an outstanding preferred units balance of $91.5 million with a further commitment of $108.5 million.
• Ting Fiber LLC's amended LLC Agreement prohibits funding operations with funds generated outside Ting Fiber, LLC.
• Ting Fiber LLC's preferred return rate is 15% per annum, subject to adjustments based on approved projects.
• Ting Fiber LLC's preferred return may be adjusted to a floor of 13% or a ceiling of 17% based on commitment amounts.