PUBLIC CBCR FY2024

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This is Colt Group's public Country-by-Country (PCBC) report for the fiscal year ended 31 December 2024 (FY24) in response to the PCBCR compliance requirement in Romania which applies to fiscal years commencing on or after 1 January 2023.

The information is presented below in the English language for ease of reference, with machine readable formats in both the English and Romanian languages accessible for download from the enclosed links above.

1. GENERAL INFORMATION

Name of the ultimate parent of the group / of the standalone undertaking

SHM LIGHTNING INVESTORS LLC

Country where the ultimate parent has its registered office

United States of America (USA)

Financial year - start date

01 January, 2024

Financial year - end date

31 December, 2024

Reporting currency

USD

Is the information in the report based on reporting instructions used for tax purposes, persuant to Section III, Parts B & C, of Annex III to Directive 2011/16/EU (yes/no)

Yes

2. OVERVIEW OF INFORMATION ON A COUNTRY-BY-COUNTRY BASIS

Tax jurisdiction
Country Code
Revenues
Profit (loss) before income tax
Income tax paid (on cash basis)
Income tax accrued (current year)
Accumulated earnings
Number of employees

Austria

AT

39,390,478

(9,086,647)

23,699

925,771

(174,525,571)

35

Belgium

BE

134,805,916

30,930,283

5,566,911

4,822,617

205,818,092

76

Bulgaria

BG

4,055,621

142,757

-

17,809

(1,491,398)

2

Croatia

HR

3,462,588

39,252

-

7,903

3,137,549

-

Czech Republic

CZ

4,286,830

(1,292,442)

6,464

88,818

(7,672,134)

-

Denmark

DK

19,712,951

1,754,193

8,015

1,034,125

(80,734,644)

15

Estonia

EE

62,955

(27,212)

-

196

(138,197)

-

Finland

FI

3,343,517

226,226

10,021

4,279

(1,343,875)

0

France

FR

393,235,254

(8,809,924)

2,360,019

1,761,317

(234,676,423)

321

Germany

DE

551,966,350

4,670,419

37,069

487,191

(1,016,131,701)

481

Greece

GR

574,471

69,694

11,732

11,190

52,412

2

Hungary

HU

2,628,749

(552,345)

53,087

17,436

(839,438)

-

Iceland

IS

13,017

26,884

-

54

(43,440)

-

Ireland

IE

120,857,925

(92,084,554)

81,792

-

(386,766,589)

27

Italy

IT

144,429,124

8,745,552

700,521

2,337,562

(150,578,677)

133

Luxembourg

LU

103,180,481

9,782,287

-

-

(1,360,437,106)

3

Netherlands

NL

159,489,254

(126,924,979)

2,805,809

665,905

(1,988,607,139)

123

Norway

NO

4,621,723

287,681

-

67,488

(4,733,306)

-

Poland

PL

15,866,957

(281,535)

517,574

245,311

256,605

154

Portugal

PT

26,623,965

1,119,456

823,498

290,673

(3,195,953)

114

Romania

RO

11,937,217

173,273

306,192

196,110

6,643,636

184

Slovakia

SK

957,022

(112,776)

5,311

25,846

(334,681)

-

Slovenia

SI

474,277

(51,325)

1,612

281

(401,180)

-

Spain

ES

180,874,865

7,627,458

(124,863)

573,658

(16,142,492)

593

Sweden

SE

25,580,487

(189,370)

59,697

78,923

(124,648,050)

22

Turkey

TR

17,452,429

(1,028,273)

109,633

85,759

2,021,377

3

All other tax jurisdictions (aggregated basis)

n/a

3,204,629,439

(479,466,615)

10,495,928

42,775,975

10,137,904,681

4,114

NOTES

  1. SHM Lightning Investors LLC, the Ultimate Parent Entity (UPE) for non-public CBCR purposes for the year ended 31 December 2024 (FY24) has been considered to be the Ultimate Parent Undertaking (UPU) for the purposes of this Public CbC report for the same year. Accordingly, SHM Lightning Investors LLC's functional currency, which is USD, has been used for presentation purposes in the current report. The exchange rate used in translating data from the Colt Group Holdings Ltd consolidated accounts (which are prepared in Euros) to USD was 0.924 EUR/USD. This rate is the yearly average of exchange rates from USD to other relevant currencies, as provided by the IRS.

  2. All tax refunds have been reported in Income Tax Paid and not within Revenue.

  3. The number of employees is based on the total number of employees as at end of the financial year i.e 31 Dec'24. We have considered Full-Time Employees ("FTE") and Part-Time Employees. FTE includes employees on long-term leave (such as maternity leave, etc). Further, any employee on part-time employment has been reasonably rounded up to 1.

  4. In Section 3 where the brief description of the nature of activities in the Member State or tax jurisdiction is noted as 'Other', 'Other' refers to Telecom Services.

3. LIST OF SUBSIDIARIES AND ACTIVITIES

Member State or tax jurisdiction
Country Code
Name of each subsidiary undertaking in the Member State or tax jurisdiction
Brief description of the nature of activities in the Member State or tax jurisdiction

Austria

AT

Colt Technology Services GmbH (Austria)

Provision of services to unrelated parties

AT

Lumen Technologies Austria GmbH

Other

AT

Colt Assemble GmbH

Dormant

Belgium

BE

Colt Technology Services NV

Provision of services to unrelated parties

BE

KVH Telecom Holding SCRL

Holding shares or other equity instruments

BE

Lumen Technologies Belgium SA

Other

Bulgaria

BG

Colt Technology Services GmbH (Bulgaria)

Provision of services to unrelated parties

BG

Lumen Technologies Bulgaria EOOD

Other

Croatia

HR

Colt Technology Services GmbH, Branch Zagreb

Provision of services to unrelated parties

HR

Lumen Technologies Croatia Usluge d.o.o. za djelatnosti elektroničkih komunikacijsikh mreža i usluga

Other

Czech Republic

CZ

CenturyLink Communications CZ s.r.o.

Other

CZ

Colt Technology Services GmbH, odštěpný závod

Provision of services to unrelated parties

Denmark

DK

Colt Technology Services A/S

Provision of services to unrelated parties

DK

Lumen Technologies Denmark ApS

Other

Estonia

EE

Lumen Technologies Estonia OÜ

Other

Finland

FI

Colt Technology Services Oy

Provision of services to unrelated parties

FI

Lumen Technologies Finland OY

Other

France

FR

Colt Data Centre Services France

Provision of services to unrelated parties

FR

Colt DCS Developments France SAS

Purchasing or procurement

FR

Colt Technology Services SAS

Provision of services to unrelated parties

FR

Lumen Technologies France SAS

Other

Germany

DE

Colt Data Centre Services Germany GmbH

Provision of services to unrelated parties

DE

Colt Technology Services GmbH

Provision of services to unrelated parties

DE

Lumen Technologies Germany GmbH

Other

DE

Qwest Germany GmbH

Other

Greece

GR

Lumen Technologies NL BV (Greek Branch)

Other

Hungary

HU

Colt Technology Services GmbH (Hungary)

Provision of services to unrelated parties

HU

Lumen Technologies Hungary Kft

Other

Iceland

IS

CenturyLink Communications Iceland ehf

Other

Ireland

IE

CenturyLink Communications PEC Services Europe Limited

Other

IE

CenturyLink Communications PEC Services Ireland Limited

Other

IE

Colt Technology Services Limited

Provision of services to unrelated parties

IE

Lumen Technologies EMEA Ireland Limited

Other

IE

Lumen Technologies PEC Ireland Limited

Other

Italy

IT

Lumen Technologies Italia Srl

Other

IT

Colt Data Centre Services Italy S.r.l.

Administrative, management or support services

IT

Colt Technology Services S.p.A.

Provision of services to unrelated parties

Luxembourg

LU

CenturyLink Communications PEC Luxembourg I S.à r.l.

Internal Group Finance

LU

CenturyLink Communications PEC Luxembourg II S.à r.l.

Internal Group Finance and Holding shares or other equity instruments

LU

Colt Lux Group Holding S.à r.l. (LUX 3)

Holding or Managing Intellectual Property, Administrative, management or support services, Internal Group Finance, Holding shares or other equity instruments

LU

Colt Lux MP S.à r.l. lux5

Holding or Managing Intellectual Property, Holding shares or other equity instruments

LU

Lumen Technologies Luxembourg S.à r.l.

Other

LU

MarketPrizm Group S.à r.l.

Holding or Managing Intellectual Property, Holding shares or other equity instruments

Netherlands

NL

CenturyLink Europe B.V.

Other

NL

Colt Data Centre Services Netherlands B.V.

Provision of services to unrelated parties

NL

Colt Technology Services B.V.

Provision of services to unrelated parties

NL

Level 3 Europe B.V.

Holding shares or other equity instruments

NL

Level 3 Holdings B.V.

Internal Group Finance and Holding shares or other equity instruments

NL

Lumen Technologies NL B.V.

Other

NL

Qwest Holdings B.V.

Holding shares or other equity instruments

NL

Qwest Netherlands B.V.

Other

Norway

NO

Colt Technology Services AS

Provision of services to unrelated parties

NO

Lumen Technologies Norge AS

Other

Poland

PL

Colt Technology Services GmbH (Poland)

Provision of services to unrelated parties

PL

Lumen Technologies Poland sp z.o.o.

Other

Portugal

PT

CENTURYLINK COMMUNICATIONS ESPANÃ S.A. - SUCURSAL EM PORTUGAL

Other

PT

Colt Technology Services, Unipessoal Lda

Provision of services to independent parties and Administrative, management or support services

Romania

RO

Colt Data Centre Services RO S.R.L

Administrative, management or support services

RO

Colt Technology Services RO S.R.L.

Provision of services to independent parties and Administrative, management or support services

RO

Lumen Technologies Romania S.R.L.

Other

Slovakia

SK

CenturyLink Communications Slovakia spol. s.r.o.

Other

SK

Colt Technology Services GmbH (Slovakia)

Provision of services to unrelated parties

Slovenia

SI

CenturyLink telekomunikacijske storitve d.o.o.

Other

Spain

ES

Colt Data Centre Services Spain S.L.

Other

ES

Colt Technology Services S.A.U

Provision of services to independent parties

ES

Colt Technology Shared Service Centre Barcelona S.L

Administrative, management or support services

ES

Lumen Technologies Iberia S.A.

Other

Sweden

SE

CenturyLink Communications Sweden AB

Other

SE

CenturyLink Europe B.V., The Netherlands, filial Sweden

Other

SE

Colt Technology Services AB

Provision of services to independent parties

Turkey

TR

Lumen Teknoloji Hizmetleri Limited Şirketi

Other

4. OMITTED INFORMATION

INFORMATION OMITTED (IF ANY) FOR THIS FINANCIAL YEAR:

Not applicable.

INFORMATION OMITTED IN PREVIOUS FINANCIAL YEARS, WHICH IS DISCLOSED IN THIS FINANCIAL YEAR (IF ANY):

Not applicable.

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