BOINGO CELEBRATES BIGGEST YEAR EVER FOR CARRIER DAS CONTRACTS
Signs 30 Carrier Deals in First Half of 2015
Hits Annual Carrier Contract Milestone in Six Months
DAS Demand From Tier One Carriers Continues to Expand
LOS ANGELES – July 14, 2015 – Boingo Wireless, Inc. (NASDAQ: WIFI), the leading DAS and Wi-Fi provider that serves consumers, carriers and advertisers worldwide, today announced that it has signed 30 long-term Distributed Antenna System (“DAS”) network access contracts with Tier One carriers for high traffic venues throughout the United States since the beginning of the year.
The new Tier One carrier deals include agreements to join eight new network builds, six new carrier additions to existing DAS networks and 16 new carrier DAS upgrade agreements at Boingo’s large-scale partner venues including major airports, sports and entertainment venues and transportation hubs.
“DAS has been a significant growth driver for Boingo in 2015,” said David Hagan, Chief Executive Officer of Boingo Wireless. “Our new multi-million dollar carrier network access deals have helped us achieve our biggest year ever for DAS contracts, and we’re only halfway through the year. With mobile data consumption projected to steadily increase over time, we are seeing strong interest from carriers to deploy and access DAS networks. Further, we’re seeing carrier capital expenditures rebound following last fall’s temporary slowdown.”
Mr. Hagan continued, “Our growing portfolio of DAS networks enable carriers to increase network densification, enhancing connectivity for their customers where they want it the most, on-the-go and in their leisure time. We look forward to continuing to expand our relationships with the Big Four Tier One carriers at our DAS venues and beyond.”
Boingo neutral host DAS networks are designed to provide a high performance wireless experience to all venue customers and staff, regardless of which carrier they use. The networks are built to meet the connectivity demands of tens of thousands of venue guests, and to scale to support projected increases in video and content consumption. Boingo designs, manages and operates DAS networks throughout the U.S., and works with venue partners to implement a technology agnostic approach to wireless service. To learn more about Boingo’s DAS networks and wholesale services, please visit http://www.boingo.com/business-services/neutral-host-das/.
About Boingo Wireless
Boingo Wireless, Inc. (NASDAQ: WIFI) helps the world stay connected. Our vast footprint of small cell networks cover more than a million DAS and Wi-Fi locations and reaches more than 1 billion consumers annually – in places as varied as airports, stadiums, universities, and military bases. For more information about the Boingo story, visit www.boingo.com.
Boingo Wireless, Inc.
Email: [email protected]
Laura Bainbridge / Kimberly Orlando
Email: [email protected]
Boingo, Boingo Wireless, the Boingo Wireless Logo and Don’t Just Go. Boingo are registered trademarks of Boingo Wireless, Inc. All other trademarks are the properties of their respective owners.
Cautionary Statement Regarding Forward-Looking Statements
This press release contains “forward-looking statements” that involves risks, uncertainties and assumptions. Forward-looking statements can be identified by words such as “anticipates,” “intends,” “plans,” “seeks” “believes,” “estimates,” “expects” and similar references to future periods. These forward-looking statements include the quotations from management in this press release, as well as any statements regarding Boingo’s strategic plans and future guidance. Forward-looking statements are based on the company’s current expectations and assumptions regarding its business, the economy and other future conditions. Since forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict. The company’s actual results may differ materially from those contemplated by the forward-looking statements. Important factors that could cause actual results to differ materially from those in the forward-looking statements include regional, national or global political, economic, business, competitive, market and regulatory conditions, as well as other risk and uncertainties described more fully in documents filed with or furnished to the Securities and Exchange Commission (“SEC”), including Boingo’s Form 10-K for the year ended December 31, 2014 filed with the SEC on March 16, 2015, and Form 10-Q for the quarter ended March 31, 2015 filed with the SEC on May 11, 2015. Any forward-looking statement made by Boingo in this press release speaks only as of the date on which it is made. Factors or events that could cause the company’s actual results to differ may emerge from time to time, and it is not possible for Boingo to predict all of them. Boingo undertakes no obligation to publicly update any forward-looking statement, whether as a result of new information, future developments or otherwise, except as may be required by law.