CONFIDENTIAL
EXHIBIT 9
COMPARISON OF NETWORK COSTS PER SUBSCRIBER Net present value of capital expenditures and costs of 9 years' maintenance £ per subscriber
1,400
1,300
1,200
1,100
ESTIMATE
Radio local only Fixed local only
Maintenance of existing fixed
1,000
900
800
700
600
500
400
300
Year 1
Year 2 Year 3
Year 4
Year 5 Year 6 Year 7
Year 8
Year 9
Year 10
Assumptions: 87 sq km area with 120,060 single line subscribers evenly distributed; 732 km of duct; 1.5% annual increase in
labor costs; 15% annual decrease in technology costs
Note: Estimates are sensitive to density and labor cost assumptions ⚫
Source: McKinsey model
McKinsey & Company, Inc.
FIDENTIAL