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AK United Utilities, Inc. $40,676,715 $42,330,413 $83,007,128 AK Copper Valley Wireless, LLC $1,718,906 $1,728,321 $3,447,227 AK Copper Valley Wireless, LLC $2,361,513 $2,362,081 $4,723,594 AK Supervision, Inc $174,680 $0 $174,680 AL Butler Telephone Company, Inc. $3,892,920 $0 $3,892,920 AL North Alabama Electric Cooperative $19,100,909 $0 $19,100,909 AL National Telephone of Alabama, Inc. $1,191,315 $397,102 $1,588,417 AL Peoples Telephone Company, Inc. $3,503,676 $0 $3,503,676 AR Northern Arkansas Telephone Company $2,451,839 $0 $2,451,839 AR Windstream $7,285,202 $0 $7,285,202 AS American Samoa Telecommunications $75,618,349 $9,331,454 $84,949,803 Authority AZ Tohono O'Odhan Utility Authority $2,246,604 $2,246,604 $4,493,207 AZ Tohono O'Odhan Utility Authority $7,730,250 $2,576,750 $10,307,000 AZ San Carlos Apache $4,732,109 $4,732,109 $9,464,217 Telecommunications Utility, Inc. AZ Hopi Telecommunications Incorporated $2,188,160 $937,784 $3,125,944 AZ Arizona Telephone Company $3,904,091 $0 $3,904,091 AZ J.C. Cullen, Inc. $1,065,059 $0 $1,065,059 AZ Midvale Telephone Company $762,521 $326,796 $1,089,317 AZ Midvale Telephone Company $1,465,250 $627,966 $2,093,216 CA Calaveras Telephone Company $2,245,029 $962,157 $3,207,186 CA Audeamus $2,741,505 $2,741,505 $5,483,010 CA Ponderosa Cablevision $1,856,245 $1,856,245 $3,712,489 CA Smarterbroadband, Inc. $1,874,043 $624,681 $2,498,724 CA Softcom Internet Communications, Inc. $5,069,125 $1,689,710 $6,758,835 CA Cal-Ore Communications, Inc. $935,502 $0 $935,502 CO The Peetz Co-operative Telephone $1,471,820 $0 $1,471,820 Company CO Wiggins Telephone Association $2,159,887 $2,168,544 $4,328,431 CO Nunn Telephone Company $3,879,375 $1,293,125 $5,172,500 CO Delta County Tele-Comm, Inc. $1,825,442 $0 $1,825,442

CO The Stoneham Cooperative Telephone $1,298,497 $216,416 $1,514,913 CO Plains Cooperative Telephone $1,669,309 $9,459,418 $11,128,727 Association Inc. CO The Willard Telephone Company $381,733 $171,505 $553,238 FL Windstream $31,630,538 $0 $31,630,538 FL Myakka Communications, Inc. $5,891,796 $1,963,930 $7,855,726 FL(84%);GA(16%) Quincy Telephone Company $1,106,533 $0 $1,106,533 GA Windstream $6,940,375 $0 $6,940,375 GA Windstream $5,129,575 $0 $5,129,575 GA Windstream $4,665,116 $0 $4,665,116 GA Flint Cable TV, Inc. $4,063,164 $4,063,164 $8,126,327 GA Wilkes Telephone & Electric Company $30,808,844 $13,203,790 $44,012,634 GA The Darien Telephone Co., Inc. $223,997 $223,996 $447,993 GA South Georgia Regional Information $5,441,203 $5,441,203 $10,882,405 Technology Authority GA Bulldog Cable GA, LLC $8,259,637 $2,753,217 $11,012,854 GA Blue Ridge Telephone Company $740,148 $0 $740,148 HI Aloha Broadband Inc. $0 $89,737 $89,737 IA C-M-L Telephone Cooperative $1,477,709 $0 $1,477,709 Association IA F&B Communications, Inc. $1,609,162 $1,628,588 $3,237,750 IA LaMotte Telephone Company, Inc. $144,532 $144,532 $289,063 IA Farmers Telephone Company of $9,345,797 $9,345,796 $18,691,593 Riceville IA Ellsworth Cooperative Telephone $2,878,019 $1,233,436 $4,111,455 Association IA Breda Telephone Corp. $1,604,787 $687,764 $2,292,551 IA Clear Lake Independent Telephone $5,537,324 $2,373,138 $7,910,462 Company, Inc. IA Hospers Telephone Exchange, Inc. $4,936,848 $2,115,792 $7,052,640 IA Windstream $5,163,935 $0 $5,163,935 IA Windstream $12,236,836 $0 $12,236,836 IA Southwest Telephone Exchange, Inc. $3,448,169 $1,477,788 $4,925,957

IA Municipal Electric Utility Of The City Of $843,632 $0 $843,632 Cedar Falls, Iowa IA Grand River Mutual Telephone Corp. $6,506,016 $2,788,293 $9,294,309 IA(84%) MN(16%) Winnebago Cooperative Telecom $9,816,202 $9,816,202 $19,632,404 Association IA(84%);MO(16%) Grand River Mutual Telephone Corp. $14,189,603 $6,081,258 $20,270,861 ID Coeur dalene Tribe $5,128,078 $5,128,078 $10,256,155 ID Midvale Telephone Company $883,116 $378,477 $1,261,593 ID Potlatch Telephone Company $2,012,170 $0 $2,012,170 IL Shawnee Telephone Company $1,102,940 $6,249,989 $7,352,929 IL(51%);IN(49%) Convergence Technologies, Inc. $3,812,951 $1,270,986 $5,083,937 IN Sunman Telecommunications $5,035,635 $5,035,635 $10,071,270 IN Camden Telephone Company Inc. $937,193 $0 $937,193 IN Tri-County Telephone Company Inc $562,953 $0 $562,953 IN Home Telephone Company Inc $310,191 $0 $310,191 IN Tipton Telephone Company Inc. $762,130 $0 $762,130 KS Rural Telephone Service Company, Inc. $48,868,452 $50,863,083 $99,731,535 KS J.B.N. Telephone Company, Inc. $1,958,085 $843,183 $2,801,268 KS Madison Telephone, LLC $3,161,149 $3,161,149 $6,322,297 KS South Central Telephone Association, $866,804 $0 $866,804 Inc. KS H & B Communications, Incorporated $4,557,704 $1,953,303 $6,511,007 KS South Central Wireless, Inc. $556,646 $559,020 $1,115,666 KS Iowa Tribe of Kansas and Nebraska $763,590 $0 $763,590 KS Peoples Rural Telephone Cooperative $3,869,241 $3,869,242 $7,738,483, Inc. KS Home Communications, Inc. $1,350,245 $578,677 $1,928,922 KS Wave Wireless, L.L.C. $1,544,959 $514,986 $2,059,945 KY Windstream $27,644,292 $0 $27,644,292 KY Windstream $31,118,534 $0 $31,118,534 KY Windstream $951,445 $0 $951,445 KY Mountain Rural Telephone Cooperative, Inc. $38,281,044 $39,843,535 $78,124,579

KY Thacker-Grigsby Telephone Company, $5,185,932 $2,222,542 $7,408,474 Incorporated KY Leslie County Telephone Company $4,861,538 $0 $4,861,538 KY Foothills Rural Telephone Cooperative $12,739,679 $5,459,863 $18,199,542, Inc. KY Mikrotec CATV, LLC $829,812 $0 $829,812 KY Peoples Rural Telephone Cooperative $17,859,928 $7,654,254 $25,514,182 Corp., Inc. KY Salem Telephone Company $1,934,474 $0 $1,934,474 KY(69%);TN(31%) West Kentucky Rural Telephone $55,502,299 $55,502,302 $111,004,600 Cooperative, Inc. LA LBH, LLC $4,007,205 $4,007,526 $8,014,731 LA Northeast Louisiana Telephone $4,273,324 $7,964,912 $12,238,236 Company, Inc. LA Nexus Systems, Inc. $584,164 $0 $584,164 LA Pride Network, Inc. $17,737,440 $18,461,417 $36,198,857 MD Bloosurf, LLC $1,149,695 $1,149,695 $2,299,390 MD(37%);PA(46%);WV(17%) West Virginia PCS Alliance, L.C. $3,104,486 $0 $3,104,486 ME West Penobscot Telephone And $959,869 $0 $959,869 Telegraph Company ME Somerset Telephone Company, Inc. $5,223,014 $0 $5,223,014 ME Hartland And St Albans Telephone $1,216,369 $0 $1,216,369 Company MI Southwest Michigan $3,973,064 $3,973,065 $7,946,129 Communications,inc. MI Chatham Telephone Company $8,605,935 $0 $8,605,935 MI Island Telephone Company $1,976,016 $0 $1,976,016 MI Climax Telephone Company $2,144,998 $1,072,501 $3,217,499 MI Crystal Automation Systems, Inc. $18,534,316 $7,943,276 $26,477,592 MI Allband Communications Cooperative $8,464,420 $0 $8,464,420 MI Allband Communications Cooperative $1,107,903 $0 $1,107,903 MI Communication Of $1,221,801 $0 $1,221,801 Michigan MN Halstad Telephone Company $3,277,500 $3,277,500 $6,555,000

MN Southwest Minnesota Broadband $6,350,250 $6,350,000 $12,700,250 Services MN Minnesota Valley Television $562,776 $562,776 $1,125,552 Improvement MN Northeast Service Cooperative $21,749,110 $21,749,110 $43,498,220 MN Federated Telephone Cooperative $629,736 $629,736 $1,259,471 MN Federated Telephone Cooperative $1,493,637 $1,493,637 $2,987,274 MN Wikstrom Telephone Co., Inc. $5,179,019 $2,219,581 $7,398,600 MN Farmers Mutual Telephone Co. $4,720,008 $4,720,008 $9,440,016 MN Arvig Telephone Company $4,065,812 $0 $4,065,812 MN Sjoberg's Inc. $640,629 $213,543 $854,172 MN Lake, County Of $9,652,340 $54,696,588 $64,348,928 MN Arrowhead Electric Cooperative Inc $11,296,239 $4,841,245 $16,137,484 MO Windstream $10,328,319 $0 $10,328,319 MO Ralls County Electric Cooperative $9,548,908 $9,548,909 $19,097,817 MO Northeast Missouri Rural Telephone $5,140,458 $5,140,458 $10,280,916 Company MO Northeast Missouri Rural Telephone $3,339,724 $3,339,724 $6,679,448 Company MO Grand River Mutual Telephone Corp. $7,667,541 $3,286,091 $10,953,632 MO Grand River Mutual Telephone Corp. $12,363,759 $0 $12,363,759 MO Grand River Mutual Telephone Corp. $8,970,781 $0 $8,970,781 MO Socket Telecom, Inc. $16,241,780 $6,960,760 $23,202,540 MO Big River Broadband, LLC $10,885,569 $10,886,006 $21,771,575 MO United Electric Coperative, Inc. $14,849,173 $6,363,933 $21,213,106 MO Orchard Farm Telephone Co. $479,702 $0 $479,702 MS Windstream $1,005,566 $0 $1,005,566 MS Smithville Telephone Company, $6,967,525 $0 $6,967,525 Incorporated MS Southeast Mississippi Telephone $1,839,173 $0 $1,839,173 Company, Inc. MS Calhoun City Telephone Company, Inc. $2,962,166 $0 $2,962,166 MT Project Telephone Co. $11,662,109 $3,887,370 $15,549,479 MT Project Telephone Co. $2,888,015 $962,672 $3,850,687

MT Montana Opticom, LLC $32,000,000 $32,127,322 $64,127,322 MT; ND Reservation Telephone Cooperative $10,950,000 $10,950,000 $21,900,000 NC French Broad Electric Membership $862,470 $464,405 $1,326,875 NC Atlantic Telephone Membership $10,869,655 $4,658,422 $15,528,077 NC Country Cablevision, Inc. $18,368,164 $6,122,722 $24,490,886 NC Lumbee River Electric Membership Corp $14,960,804 $4,986,935 $19,947,739 NC Wilkes Telephone Membership $15,108,911 $6,475,247 $21,584,157 NC The Yadkin Valley Telephone $8,161,219 $8,171,830 $16,333,049 Membership NC Tri-County Telephone Membership $10,607,817 $3,535,943 $14,143,760 NC(89%);TN(11%) Skyline Telephone Membership $20,289,706 $8,695,588 $28,985,294 ND Halstad Telephone Company $2,027,600 $2,027,600 $4,055,200 ND Halstad Telephone Company $246,500 $246,500 $493,000 ND BEK Communications Cooperative $1,899,287 $1,927,461 $3,826,748 ND Dakota Central Telecom I, Inc $2,252,250 $0 $2,252,250 ND Consolidated Enterprises, Inc. $4,968,435 $4,968,435 $9,936,870 ND S R T Communications Inc $1,502,395 $1,502,395 $3,004,789 ND Inter-Community Telephone Company $1,625,362 $713,289 $2,338,651 Inc ND Griggs County Telephone Co $16,572,031 $5,524,010 $22,096,041 ND(96%);MN(3%);SD(1%) Red River Rural Telephone Assn. (Inc.) $4,467,555 $4,467,555 $8,935,109 NE Southeast Nebraska Communications, $7,878,150 $3,392,452 $11,270,602 Inc. NH Bretton Woods Telephone Company, $953,210 $0 $953,210 Inc. NH Kearsarge Telephone Company $372,532 $0 $372,532 NH Merrimack County Telephone Company $1,635,113 $0 $1,635,113

NM Windstream $2,063,002 $0 $2,063,002 NM Baca Valley Telephone Company, Inc. $1,586,000 $1,651,000 $3,237,000 NM Penasco Valley Telephone Cooperative, $4,398,379 $4,442,587 $8,840,966 Inc. NM Kit Carson Electric Cooperative, Inc. $44,625,401 $19,125,172 $63,750,573 NM La Jicarita Rural Telephone Cooperative $8,237,261 $3,530,257 $11,767,518 NV Rural Telephone Company $1,605,185 $687,937 $2,293,122 NV Reno-Sparks Indian Colony $363,562 $0 $363,562 NV(98%);CA(2%) Arizona Nevada Tower $4,534,535 $1,943,376 $6,477,911 NY Windstream $855,901 $0 $855,901 NY Slic Network Solutions, Inc. $4,262,642 $1,066,000 $5,328,642 NY Slic Network Solutions, Inc. $19,369,282 $6,456,428 $25,825,710 NY Castle Cable TV $3,580,049 $3,580,050 $7,160,099 NY Saint Regis Mohawk Tribe $10,034,392 $528,125 $10,562,517 NY Port Byron Telephone Co Inc. $639,215 $0 $639,215 NY(96%);PA(4%) Deposit Telephone Company, Inc. $2,602,659 $0 $2,602,659 OH Hometown Cable, LLC $1,962,457 $2,042,556 $4,005,013 OH Consolidated Electric Cooperative, Inc. $975,735 $1,320,109 $2,295,844 OH The Benton Ridge Telephone Co. $1,547,942 $1,611,124 $3,159,066 OH Intelliwave, LLC $1,116,994 $1,162,590 $2,279,584 OH Wabash Mutual Telephone Company $2,174,787 $2,201,042 $4,375,829 OH Southern Ohio Communication $671,167 $698,562 $1,369,729 Services, Inc. OH Sycamore Telephone Company, Inc. $2,673,923 $1,439,806 $4,113,729 OH New Era Broadband $2,185,306 $728,439 $2,913,745 OK Windstream $2,279,598 $0 $2,279,598 OK The Pine Telephone Company $9,482,316 $0 $9,482,316 OK The Pine Telephone Company $15,081,958 $15,081,959 $30,163,917 OK The Pine Telephone Company $6,828,101 $2,926,329 $9,754,430 OK Totah Communications, Inc. $2,787,877 $3,695,554 $6,483,431 OK Pioneer Long Distance, Inc. $1,783,322 $1,819,349 $3,602,671 OK @Link Services, LLC $5,897,676 $2,649,681 $8,547,357

OK Medicine Park Telephone Company $303,488 $101,218 $404,706 OK Mid-America Telephone, Inc. $1,143,779 $0 $1,143,779 OK Wyandotte Telephone Company $702,933 $0 $702,933 OK Oklahoma Communication Systems, $3,570,745 $0 $3,570,745 Inc. OK(90%);TX(10%) Medicine Park Telephone Company $1,326,447 $1,331,763 $2,658,210 OR Monroe Telephone Company, Inc. $4,232,822 $1,410,943 $5,643,765 OR Gervais Telephone Company $314,430 $310,895 $625,325 OR City of Sandy, Oregon $234,594 $234,599 $469,193 OR Warm Springs Telecommunications $2,650,297 $2,650,297 $5,300,593 Company OR Cascade Utilities, Inc. $3,898,299 $1,299,433 $5,197,732 OR Trans-Cascades Telephone Company $1,644,149 $548,052 $2,192,201 PA Windstream $20,497,604 $0 $20,497,604 PA Limitless Mobile, LLC $25,272,012 $11,090,594 $36,362,606 SC Windstream $3,050,160 $0 $3,050,160 SC Orangeburg County $12,674,462 $0 $12,674,462 SD Midstate Communications, Inc. $6,365,610 $2,728,118 $9,093,728 SD Triotel Communications, Inc. $8,338,422 $3,573,608 $11,912,030 SD Venture Communications Cooperative $2,614,956 $2,614,957 $5,229,913 TN North Central Telephone Cooperative $24,715,709 $24,964,000 $49,679,709 TN Twin Lakes Telephone Cooperative $15,628,224 $15,628,223 $31,256,446 TN Millington Telephone Company, Inc. $2,460,607 $1,054,546 $3,515,153 TN Bledsoe Telephone Cooperative $3,563,821 $1,527,352 $5,091,173 TN Sunset Digital Communications, Inc. $21,250,503 $2,361,167 $23,611,670 TN Tennessee Telephone Company $5,150,691 $0 $5,150,691 TN(71%);KY(29%) Highland Telephone Cooperative, Inc. $49,866,871 $16,622,291 $66,489,162 TX Windstream $1,613,509 $0 $1,613,509 TX Valley Telephone Cooperative, Inc. $38,520,868 $40,093,153 $78,614,021 TX Pride Network, Inc. $21,661,913 $22,546,073 $44,207,986 TX Pride Network, Inc. $6,175,904 $12,538,955 $18,714,859

TX XIT Rural Telephone Cooperative, Inc. $2,991,106 $0 $2,991,106 TX XIT Rural Telephone Cooperative, Inc. $2,112,950 $0 $2,112,950 TX Wes-Tex Telephone Cooperative, Inc. $14,827,942 $14,827,942 $29,655,883 TX Blossom Telephone Company, Inc. $1,871,269 $801,972 $2,673,240 TX Mid-Plains Rural Telephone $1,388,000 $1,421,000 $2,809,000 Cooperative, Inc. TX Electronic Corporate Pages, Inc. $1,304,914 $586,267 $1,891,181 TX Hill Country Telephone Cooperative, Inc. $8,563,952 $3,670,265 $12,234,217 UT Central Utah Telephone, Inc. $1,839,017 $0 $1,839,017 VA Lumos Telephone Inc. $7,692,552 $0 $7,692,552 VA New Castle Telephone Company $896,668 $0 $896,668 VA(94%);TN(6%) Scott County Telephone Co-operative $16,963,159 $7,269,927 $24,233,086 VT Vtel Wireless, Inc. $81,664,754 $35,166,081 $116,830,835 VT Waitsfield-Fayston Telephone Co., Inc.. $3,856,557 $1,652,809 $5,509,366 WA Hood Canal Telephone Co., Inc. $2,712,000 $904,000 $3,616,000 WA Public Utility District 1 Of Okanogan $5,403,960 $3,602,640 $9,006,600 County WA Ecliptixnet Broadband, Inc. $14,320,824 $6,137,496 $20,458,320 WA Mcdaniel Telephone Company $1,190,432 $0 $1,190,432 WA(69%);OR(31%) Cascade Networks, Inc. $1,481,483 $1,481,484 $2,962,967 WI Baldwin Telecom, Inc. $4,533,949 $4,533,949 $9,067,898 WI Marquette-Adams Telephone $13,805,175 $6,202,326 $20,007,501 Cooperative, Inc.. WI Reedsburg Utility Commission $5,239,168 $0 $5,239,168 WI Farmers Telephone Company, LLC $1,069,005 $0 $1,069,005 WI Midway Telephone Company $4,014,865 $0 $4,014,865 WI Eastcoast Telecom Of Wisconsin, LLC $1,661,967 $0 $1,661,967 WI Grantland Telecom, LLC $1,240,103 $0 $1,240,103 WI Riverside Telecom, LLC $794,783 $0 $794,783

WI Scandinavia Telephone Company, LLC $1,148,636 $0 $1,148,636 WI Chequamegon Communications $15,000,041 $15,000,039 $30,000,080 Cooperative Inc. WI Badger Telecom, LLC $3,694,746 $0 $3,694,746 WI Central State Telephone Company, LLC $3,153,183 $0 $3,153,183 WI Utelco, LLC $1,918,017 $0 $1,918,017 WI Stockbridge & Sherwood Telephone $1,573,984 $0 $1,573,984 Company, LLC WI Southeast Telephone Company of $858,925 $0 $858,925 Wisconsin, LLC WV Hardy Telecommunications, Inc. $22,135,944 $9,486,838 $31,622,782 WV Spruce Knob Seneca Rocks Telephone, $8,529,310 $0 $8,529,310 Inc.. TOTAL $1,865,794,578 $1,010,324,060 $2,876,118,638