Utah Broadband Appoints Ben Elkins as New CEO

Arizona’s AireBeam CEO to Work in Both Capacities

Draper, UT – May 15, 2024 – Utah Broadband (UBB), Utah’s most trusted high-speed Internet provider and a subsidiary of Boston Omaha Corporation (NYSE: BOC), announced today the appointment of Ben Elkins as its new CEO, following the retirement of Taunya Martin, former president of Utah Broadband. Elkins is presently CEO of AireBeam, a visionary Internet service provider and also a subsidiary of Boston Omaha Corporation based in Arizona City, AZ. He will assume Utah Broadband’s CEO position as an additional role for Boston Omaha Broadband.

“We are very pleased that Ben will be taking over at Utah Broadband,” said Butch Burgers, Chief Business Officer, Boston Omaha Broadband. “Ben has achieved an incredible amount of success at AireBeam and we know he will bring the same energy and passion to Utah Broadband to help it further its customer base in the Salt Lake area.”

Utah Broadband serves seven counties along the Wasatch Front and Back. In this very competitive market, the company has grown consistently year-over-year, increasing revenue significantly over the past few years. In 2021, while continuing to expand the wireless market, the company started offering fiber to the home (FTTH) in addition to its fixed wireless solutions, driving recent growth.

As Utah Broadband’s CEO, Elkins brings over 20 years of experience in telecommunications and strong management skills in the areas of sales and business development, strategy, negotiations, and P&L responsibility in a variety of networking sectors, including with ISPs. In his second year as

the CEO of AireBeam, he has seen Arizona’s fastest growing fiber to the home and fixed wireless Internet service provider expand exponentially in Arizona to become one of the leading providers in the state. During Elkin’s two-year tenure, AireBeam increased fiber subscribers by 375 per cent and increased overall customer count by 20 per cent. AireBeam increased EBITDA by 31 per cent from 2021 to 2023 as well. Elkins plans to bring the same growth plan to Utah Broadband.

“I am pleased to take on this new challenge and honored Boston Omaha Broadband trusts me to expand and grow Utah Broadband’s business. And, I want to recognize the amazing culture Taunya has built over the last 18 years,” Elkins said. “I’ll be able to bring some of the best practices we’ve cultivated at AireBeam and apply them to Utah Broadband to better serve customers and expand the business. I look forward to Utah Broadband continuing to be known for its outstanding customer service and great value.”

About Utah Broadband

Utah Broadband has consistently been ranked one of the best Internet providers in Utah. Since 2002, Utah Broadband has proudly served communities of the Wasatch Front and Back and is known for providing customers with fast and reliable Internet speeds at a great value. Utah Broadband is a subsidiary of Boston Omaha Corporation (NYSE:BOC).

Utah Broadband Acquires Strawberry Communications’ Internet Service Business

Utah Broadband, a subsidiary of Boston Omaha Corporation (NYSE: BOC) acquires all the Internet Service Assets of Strawberry Communications

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. With this acquisition, UBB expands its 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.


Company Contact

Steven McGhie  – CEO

14015 Minuteman Dr.

Draper, UT 84020