This presentation includes "forward-looking statements" within the meaning of Section 27A of the Securities Act and Section 21E of the Securities Exchange Act of 1934, as amended, regarding our business strategy, our prospects and our financial position. These statements can be identified by the use of forward-looking terminology such as "believes," "estimates," "expects," "intends," "may," "will," "should," "could" or "anticipates" or the negative or other variation of these similar words, or by discussions of strategy or risks and uncertainties. These statements are based on current expectations of future events. If underlying assumptions prove inaccurate or unknown risks or uncertainties materialize, actual results could vary materially from the Company's expectations and projections. Important factors that could cause actual results to differ materially from such forward-looking statements include, without limitation, risks related to the following:
Intensifying competition in the communications industry; and
Natural disasters, pandemics and outbreaks of contagious diseases and other adverse public health developments, such as COVID-19;
A further list and description of these risks, uncertainties and other factors can be found in the Company's SEC filings which are available online at www.sec.gov, www.shentel.com or on request from the Company. The Company does not undertake to update any forward-looking statements as a result of new information or future events or developments.
2
Chris French
President and CEO
3
Strategy Update
2026 broadband target remains at 730,000 serviceable addresses with a fiber first, future-proof network design
Upgrading target for Glo Fiber serviceable addresses to 450,000 home and business passings
Strong municipality demand for offering choice of broadband
Executed 17 new franchise agreements in 2021 adding ~ 160,000 future passings for a total of 304,000 franchise approved passings
Pursuing attractive funnel of additional markets
$1.3 billion in government grants available for building broadband to unserved homes in our markets, creating new FTTH opportunities
Adopting a success-based investment model for Beam expansion based on hybrid fiber/fixed wireless government grant awards
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Growing Broadband Network
Broadband Data Homes and Businesses Passed
296,196
278,952
24,347
246,790
259,891
21,797
15,240
230,002
60,836
34,441
46,368
28,652
22,347
207,655
208,691
210,210
210,787
211,013
Q3'20
Q4'20
Q1'21
Q2'21
Q3'21
Incumbent Cable
Glo Fiber
Beam Wireless
5
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Shentel - Shenandoah Telecommunications Co. published this content on 29 October 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 29 October 2021 11:10:03 UTC.
Shenandoah Telecommunications Company provides broadband services through its high speed, fiber-optic and cable networks to customers in the Mid-Atlantic United States. The Companyâs services include broadband Internet, video, voice, and fiber-optic Ethernet, wavelength and leasing. The Company's Broadband segment provides broadband Internet, video and voice services to residential and commercial customers in portions of Virginia, West Virginia, Maryland, Pennsylvania, and Kentucky, through fiber optics under the brand name of Glo Fiber and hybrid fiber coaxial cable under the brand name of Shentel. The Broadband segment also leases dark fiber and provides ethernet and wavelength fiber optic services to enterprise and wholesale customers throughout the entirety of its service area under the brand name of Glo Fiber Business. The Broadband segment also provides voice and digital subscriber line (DSL) telephone services to customers in Virginiaâs Shenandoah County.
SHENANDOAH TELECOMMUNICATIONS COMPANY 
