Citadel, SK Telecom, IT&E, and IP&E commit $250K to relief and recovery efforts

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1 12 November 2018, 09:30 (ChST) Citadel, SK Telecom, IT&E, and IP&E commit $250K to relief and recovery efforts Citadel Pacific Ltd., SK Telecom, IT&E, and IP&E today have announced that the companies have committed a total of $250,000 to support relief and recovery efforts in the aftermath of Super Typhoon Yutu. SK Telecom has generously contributed $100,000 that will support disaster relief organizations. IT&E s contribution of $100,000 is a combination of services and monetary support. Additionally, IP&E is committing a total value of $50,000 for these efforts. Citadel Pacific Ltd. is a diversified private holdings company with operations in the CNMI, Guam, Republic of Palau, and the Philippines. Citadel s holdings range from stakes in companies engaged in telecommunications, retail, petroleum, gas distribution, property development, and airport services. Citadel s entities in the CNMI and Guam include IT&E and IP&E.

2 For over 35 years, IT&E has been delivering connections that matter. With almost 400 associates, IT&E serves more than 90,000 subscribers on the widest and strongest 4G LTE data network in Guam and the Marianas. We believe that through technology, we improve people's lives and empower them to explore their world. As we move forward together, as one community, and focus our efforts on the full restoration of our islands, we ignite our own individual resilience and create an opportunity for a strong comeback. It s during times like these that we see real strength, dedication, and love for community come to the surface. I m inspired by the efforts of our community partners to provide critical services during this period of immense need. I am also very proud to work alongside the best team, maintaining a robust network able to sustain service throughout Super Typhoon Yutu. Jim Oehlerking, CEO, IT&E

3 IP&E Holdings, LLC is the retail and commercial supplier of petroleum products in Guam, Saipan, and Palau. It operates all the islands Shell Service Stations through a licensing agreement with Shell. There is a long road ahead to recovery for the islands, which is why IP&E is fully committed to working together with our Saipan community to rebuild after Super Typhoon Yutu. Brian Bamba, Managing Director, IP&E Holdings SK Telecom is the largest mobile operator in Korea, holding around 50% of the market. In September, SK Telecom announced a strategic partnership with IT&E to work hand in hand to strengthen IT&E s wireless network and deliver leading edge technologies.

4 As a sincere partner of IT&E, our hearts go out to the residents of Saipan and Tinian, whose lives have been greatly affected by Super Typhoon Yutu. SK Telecom is more than pleased to contribute to the recovery efforts and will continue to stand by the community. Park Jung-ho, President and CEO, SK Telecom Recovery here in the Marianas has seen progress, but we still have a long way to go. We are thankful for the commitment from our friends at Citadel, SK Telecom, IT&E, and IP&E during this critical time. This partnership has remained strong over the years, and I'm confident that we will rebuild the Marianas to be stronger and more resilient for the future. Governor Ralph Deleon Guerrero Torres The Citadel family of companies and SK Telecom remain committed to helping rebuild the Marianas stronger than before.

5 It is with great sadness that all of us in the Citadel family witnessed the devastation wrought by Super Typhoon Yutu. Having seen the destruction that it has left in its wake, ITE, our partner SK Telecom, and IP&E, challenged ourselves to ensure that our company could play a major role in the recovery efforts so that people could get back on their feet. I am proud to say everyone in our group has risen to the challenge. As always, we are here for them in good, bad, and difficult times. Jose Ricardo Ricky Delgado, President & CEO, Citadel Pacific Ltd #### About SK Telecom Established in 1984, SK Telecom is the largest mobile operator in Korea by both revenue and number of subscribers. As of December 2017, the company holds around 50 percent of the market, with 30.2 million mobile subscribers including million LTE subscribers. It has reached KRW trillion in revenue in SK Telecom has led the advancement of mobile technologies ranging from 2G to 4G, and is currently setting important milestones in its journey to 5G. The company is not only leading innovation in the field of mobile network, but also providing IoT, media, home and platform services. SK Telecom is determined to play a significant role in the Fourth Industrial Revolution by achieving innovations and promoting shared growth with other players in the industry. For more information, please contact sktelecom@bm.com or About IP&E Holdings, LLC IP&E Holdings, LLC is the retail and commercial supplier of petroleum products in Guam, Saipan, and Palau. It operates all the islands Shell Service Stations through a licensing agreement with Shell. For more information, contact Camille Denight at camille.denight@ipehq.com.

6 ABOUT IT&E For over 35 years, IT&E has been delivering connections that matter. IT&E serves more than 90,000 subscribers on the widest 4G LTE Data Network in Guam and the Marianas. We believe that through technology, we improve people's lives and empower them to explore their world. IT&Enewsroom