Broadband Subsidiary of Boston Omaha Corporation Announces Frank DeJoy as Chief Operating Officer

Rhea-AI Summary

Boston Omaha Broadband has appointed Frank DeJoy as its new Chief Operating Officer. DeJoy brings over 30 years of experience in telecommunications, including a successful tenure at AT&T where he led the first wireless data network unit to over $1B in annual recurring revenue. His focus will be on enhancing business operations as Boston Omaha Broadband continues its expansion across 17 states, serving over 40,000 subscribers. CEO Steven McGhie emphasized DeJoy's potential to improve efficiency and synergy within the company's fiber business.

Positive

• Appointment of experienced COO Frank DeJoy.
• DeJoy's previous success in generating over $1B in annual recurring revenue at AT&T.
• Expansion into 17 states with a growing subscriber base of over 40,000.

Negative

• None.

OMAHA, Neb.--(BUSINESS WIRE)-- Boston Omaha Broadband, a national broadband provider, has named Frank DeJoy as Chief Operating Officer. In his new role as COO of Boston Omaha Broadband “BOB“, DeJoy will be responsible for the overall business operations of one of the fastest-growing divisions of Boston Omaha Corporation (NYSE: BOC).

“Frank brings a wealth of industry experience that will have an immediate impact in our fiber business. He has proven to be an industry leader and will be a great asset as we grow our organic and acquisition business. Frank helps position Boston Omaha Broadband for continued expansion and will help create efficiencies and overall synergy amongst all our fiber companies.” said Steven McGhie, CEO of Boston Omaha Broadband.

DeJoy joins Boston Omaha Broadband after serving as Vice President of Network Deployment at Render Networks. He holds over 30 years of experience in the telecommunications industry specializing in global business, network, and product development during executive roles at AT&T, Teleport Communications Group, General Dynamics, Quanta Services, Dycom, and Spectrum Effect (AI wireless startup). During his tenure at AT&T, DeJoy led the growth of the first wireless data network unit from its inception to support over $1B in Annual Recurring Revenue.

DeJoy earned an MBA and a Bachelor of Science in Electrical Engineering with the highest honors from Rutgers University and is a senior member of The Institute of Electrical and Electronics Engineers.

Boston Omaha Broadband specializes in making fiber internet service accessible nationwide. Internet service providers under BOB include AireBeam, Fiber Fast Homes, InfoWest, and Utah Broadband. Boston Omaha Broadband operates in 17 states with over 40,000 subscribers. Boston Omaha Broadband is a subsidiary of Boston Omaha Corporation (NYSE: BOC), a public holding company with subsidiaries in four verticals: Broadband, Billboards, Bonds, 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.

View source version on businesswire.com: https://www.businesswire.com/news/home/20230106005428/en/

Mark Burgers

(866) 468-0343

info@bobfiber.com

Source: Boston Omaha Corporation

FAQ

Who is the new COO of Boston Omaha Broadband?

Frank DeJoy has been appointed as the new COO of Boston Omaha Broadband.

What experience does Frank DeJoy bring to BOC?

Frank DeJoy has over 30 years in telecommunications, including significant roles at AT&T and Render Networks.

How many subscribers does Boston Omaha Broadband have?

Boston Omaha Broadband serves over 40,000 subscribers across 17 states.

What is the stock symbol for Boston Omaha Corporation?

The stock symbol for Boston Omaha Corporation is BOC.

What are Boston Omaha Broadband's future expansion plans?

Boston Omaha Broadband aims to continue its expansion and enhance operations under the new COO, Frank DeJoy.