Utah Broadband, A Subsidiary of Boston Omaha Corporation (NYSE: BOC) Acquires All the Internet Service Assets of Strawberry Communications
July 05 2022 - 4:47PM
Business Wire
Utah Broadband ("UBB"), a majority owned subsidiary of Boston
Omaha Corporation (NYSE: BOC), has completed the acquisition of
Strawberry Communications' Internet Service business. This includes
all fiber and wireless internet assets and subscriber agreements.
While this acquisition is not material to BOC’s overall fiber
business, it does expand UBB’s fiber infrastructure footprint
making it one of the largest fiber providers in the Greater Park
City Area and Heber Valley. Utah Broadband’s Founder and CEO Steven
McGhie said, “We are excited to carry on Strawberry’s tradition of
great service to its customers. Leveraging their fiber and wireless
assets will complement our extensive network in these markets.”
About Strawberry Communications
Strawberry Communications was founded in 2014. Their integrity
and personable service helped them maintain one of the best
customer retention ratings in the industry. Jon Hagen of Strawberry
Communications said, “Steven McGhie and I have been talking about
this for several months and feel it will provide great synergy
between our companies and a great opportunity to continue to deploy
the latest technology to our customers.”
Adam Peterson, co-CEO of Boston Omaha, added, "The Strawberry
Communications team has built robust networks capable of scaling
within and outside of their current footprints. Additionally, their
history of delighting customers by providing exceptional service
made them a natural fit into our fiber-to-the-home strategy
throughout western rural communities and beyond.”
About Utah Broadband
Utah Broadband has been one of Utah’s most trusted Internet
Service Providers for over 20 years. UBB has engineered a
carrier-class network with redundancy and reliability that is
unparalleled. UBB’s Founder and CEO, Steven McGhie, built the
company on their core values of respect, integrity, passion, and
teamwork. UBB is currently deploying fiber and wireless service in
seven counties along the Wasatch Front and Back portions of Utah.
UBB strives to stand out from its competitors by providing
exceptional friendly customer service and reliability.
About Boston Omaha
Boston Omaha Corporation is a public holding company with four
majority owned businesses engaged in outdoor advertising, surety
insurance, broadband telecommunications services, and asset
management.
Forward-Looking Statements
Matters discussed in this press release may constitute
forward-looking statements. The Private Securities Litigation
Reform Act of 1995 provides safe harbor protections for
forward-looking statements in order to encourage companies to
provide prospective information about their business.
Forward-looking statements include statements concerning plans,
objectives, goals, strategies, future events or performance, and
underlying assumptions and other statements, which are other than
statements of historical facts. The Company desires to take
advantage of the safe harbor provisions of the Private Securities
Litigation Reform Act of 1995 and is including this cautionary
statement in connection with this safe harbor legislation. The
words “believe,” “anticipate,” “intends,” “estimate,” “forecast,”
“project,” “plan,” “potential,” “may,” “should,” “expect,”
“pending” and similar expressions identify forward-looking
statements. The forward-looking statements in this press release
are based upon various assumptions, many of which are based, in
turn, upon further assumptions, including without limitation, our
management's examination of historical operating trends, data
contained in our records and other data available from third
parties. Although we believe that these assumptions were reasonable
when made, because these assumptions are inherently subject to
significant uncertainties and contingencies which are difficult or
impossible to predict and are beyond our control, we cannot assure
you that we will achieve or accomplish these expectations, beliefs
or projections.
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version on businesswire.com: https://www.businesswire.com/news/home/20220705005837/en/
Steven McGhie - CEO, Utah Broadband (801) 717-2000
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