InfoWest, A Subsidiary of Boston Omaha Corporation (NYSE: BOC), Acquires Assets of SunRiver Fiber Network
01 November 2023 - 9:30PM
Business Wire
InfoWest Inc. (“InfoWest”), a majority owned subsidiary of
Boston Omaha Corporation (NYSE:BOC) has completed the acquisition
of substantially all of the assets of SunRiver Fiber Network from
Cable Systems of Nevada (“Cable Systems”). The transaction includes
all fiber internet assets along with the internet and VoIP
subscriber agreements. The acquisition expands InfoWest’s current
fiber footprint in St. George by including the SunRiver
Community.
InfoWest’s Co-Founder and COO Randy Cosby said, “The SunRiver
Fiber Network is a really well-designed and constructed fiber
project that fits nicely into our strategic growth plan. InfoWest
is excited to continue the great service offered by Cable Systems
and maintain a customer-first focus on delivering high-speed fiber
internet.”
InfoWest’s Co-Founder and CEO Kelly Nyberg said, “Our business
model of providing quality service and responsive support aligns
well and helps to ensure continued high-quality internet service to
all the customers in SunRiver. Our commitment to providing the best
customer experience remains and we are excited to further enhance
our current broadband efforts in St. George. This is a significant
milestone for us to follow our mission of providing the ultimate
internet experience to each of our customers.”
About The SunRiver Fiber Network & Cable Systems
The SunRiver Fiber Network, formerly operated by Cable Systems,
includes approximately 2,700 fiber passings and 1,000 active fiber
customers. Cable Systems provides high-speed internet, video
offerings and voice services in Southern Utah, Nevada and
Colorado.
About Boston Omaha Broadband & InfoWest
Boston Omaha Broadband (BOB) is a vertical of Boston Omaha that
operates four broadband companies with an emphasis on
fiber-to-the-premise. AireBeam (AZ), InfoWest (UT) and Utah
Broadband (UT) are legacy ISPs serving numerous communities
throughout Arizona, Utah and Nevada while Fiber Fast Homes is a
nation-wide ISP specializing in new home and build-for-rent
communities. Boston Omaha Broadband currently provides internet
service to over 40,000 subscribers throughout 13 states. For more
information about Boston Omaha Broadband visit
www.bostonomahabroadband.com/.
InfoWest, a leader in Southern Utah’s ISP industry since 1994,
offers Fiber-Optic Broadband Internet and High-Speed Wireless
services to residential and commercial clients throughout Utah and
select areas of Arizona and Nevada. In addition to Internet,
InfoWest also offers VoIP, video streaming, security and video
surveillance, and IoT automation. Headquartered in St. George,
Utah, InfoWest continues to expand its network footprint, coverage
and reliability to allow faster speeds for thousands of customers.
InfoWest is the Utah 2023 Best of State winner in
telecommunications. For more information about InfoWest visit
www.infowest.com.
About Boston Omaha
Boston Omaha Corporation is a public holding company with four
majority owned businesses engaged in outdoor advertising, broadband
telecommunications services, surety insurance and asset
management.
Forward-Looking Statements
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“might,” “plan,” “potential,” “predict,” “project,” “should,”
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forward-looking statements within the meaning of the safe harbor
provisions of The Private Securities Litigation Reform Act of 1995.
We may not actually achieve the plans, intentions or expectations
disclosed in our forward-looking statements, and you should not
place undue reliance on our forward-looking statements. Actual
results or events could differ materially from the plans,
intentions and expectations disclosed in the forward-looking
statements we make as a result of a variety of risks and
uncertainties, including risks related to our estimates regarding
the potential market opportunity for our current and future
products and services, the competitive nature of the industries in
which we conduct our business, general business and economic
conditions, our ability to raise additional financing, our ability
to acquire suitable businesses, our ability to successfully
integrate acquired businesses, the effect of a loss of, or
financial distress of, any reinsurance company which reinsures our
insurance operations, the risks associated with our investments in
both publicly traded securities and privately held businesses, our
history of losses and our ability to attain and maintain
profitability in the future, our expectations regarding our sales,
expenses, gross margins and other results of operations, and the
other risks and uncertainties described in the “Risk Factors”
sections of our public filings with the Securities and Exchange
Commission (the “SEC”) on Form 10-K for the year ended December 31,
2022, as well as other risks and uncertainties which may be
described in any subsequent quarterly report on Form 10-Q filed by
us and the other reports we file with the SEC. Copies of our SEC
filings are available on our website at www.bostonomaha.com. In
addition, the forward-looking statements included in this press
release represent our views as of the date hereof. We anticipate
that general economic conditions and subsequent events and
developments may cause our views to change. However, while we may
elect to update these forward-looking statements at some point in
the future, we specifically disclaim any obligation to do so. These
forward-looking statements should not be relied upon as
representing our views as of any date subsequent to the date
hereof.
Boston Omaha’s investor relations website is
https://investor.bostonomaha.com/
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version on businesswire.com: https://www.businesswire.com/news/home/20231101628202/en/
Boston Omaha Corporation Mark (Butch) Burgers, 402-403-3771
contact@bostonomaha.com
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