ADDED
As of March 16, 2026, the registrant had 15,367,611 outstanding shares of Common Stock, $.01 par value.
Business Overview and Strategy 2 Human Capital 10 US Federal Regulation 11 US State Regulation 15 US Virgin Islands Regulation 15 Guyana Regulation 15 Bermuda Regulation 16 Item 1A.
Management s Discussion and Analysis of Financial Condition and Results of Operations 31 Overview 31 Results of Operations: Years Ended December 31, 2025 and 2024 39 Regulatory and Tax Issues 46 Liquidity and Capital Resources 47 Recent Accounting Pronouncements 60 Item 7A.
Forward-looking statements made by us in this Report or elsewhere speaks only as of the date on which we make it.
References to dollars ($) refer to US dollars unless otherwise specifically indicated.
BUSINESS Business Overview and Strategy We provide digital infrastructure and communications services in the United States ( US ), primarily in the western US, and Alaska, and internationally, including Bermuda and the Caribbean region.
Since our founding in 1987, we have concentrated on smaller, often rural or remote markets with strong and growing demand for connectivity.
We have invested in these markets to build durable network assets and establish a defensible market position.
In select markets, we also serve carrier customers by leveraging our network assets to provide communications services.
Through our operating subsidiaries, we primarily offer: (i) fixed and mobile telecommunications connectivity to residential, business, and government customers; and (ii) carrier communications services to large enterprise and government customers, including terrestrial and submarine fiber optic transport.
REMOVED
As of March 17, 2025, the registrant had 15,481,207 outstanding shares of Common Stock, $.01 par value.
Business 2 Strategy 2 Overview 3 Human Capital 10 US Federal Regulation 11 US State Regulation 14 US Virgin Islands Regulation 15 Guyana Regulation 15 Bermuda Regulation 15 Item 1A.
Management s Discussion and Analysis of Financial Condition and Results of Operations 31 Overview 31 Results of Operations: Years Ended December 31, 2024 and 2023 38 Regulatory and Tax Issues 45 Liquidity and Capital Resources 45 Recent Accounting Pronouncements 57 Item 7A.
Please keep in mind that any forward-looking statement made by us in this Report or elsewhere speaks only as of the date on which we make it.
BUSINESS Strategy We believe that access to reliable, high-quality communications services for data, voice and video is fundamental to the economic growth and well-being of every community and should be easy and ubiquitous.
Our strategy is informed by our mission which is to digitally empower people and communities so that they can connect with the world and prosper.
We seek to do so by providing our customers with critical communication technologies that enable rural and remote communities to access reliable, high-speed broadband access through fiber or fiber-like services.
These services are essential for allowing these communities to access things such as healthcare, education, and economic opportunities.
At the start of 2022, we launched a three-year strategy to deploy capital into fiber and fiber-fed high-speed data solutions to increase our network reach and grow the number of business and consumers utilizing high-speed broadband services.
The key elements of our strategy are the following: Glass Steel .