LOS ANGELES, Feb. 21, 2019—Boingo Wireless (NASDAQ: WIFI), the leading distributed antenna system (DAS), small cells and Wi-Fi provider that serves consumers, carriers and advertisers worldwide, today announced that its board of directors has unanimously elected Mike Finley as chief executive officer. Finley will continue as a member of the board, where he has served since August 2013. Finley succeeds Boingo’s current CEO and chairman of the board Dave Hagan, who has announced his desire to retire after 17 years of service to the company. Hagan will continue to serve as a member of the board, while Lance Rosenzweig, Boingo’s lead independent director, will become chairman of the board. All changes will take effect March 18, 2019.
Prior to his appointment as Boingo’s CEO, Finley spent nearly nine years at Qualcomm, most recently as president of North America and Australia. His responsibilities included all carrier and new business development; OEM sales for mobile, computing, auto, connectivity, IOT, voice and music; product marketing; marketing and public relations; engineering services; and operations.
“After working with Mike for five years, the board and I are delighted that he will lead Boingo as we build wireless infrastructure in the 5G era,” said Dave Hagan, CEO and chairman of the board. “Mike’s deep industry knowledge and his carrier experience have been instrumental in helping Boingo navigate the wireless landscape over the last five years. His wireless background coupled with the institutional knowledge he’s gleaned as a member of the board make Mike uniquely qualified to lead Boingo successfully into the 5G future.”
“I’m incredibly excited to be joining Boingo at this moment in the wireless industry,” said Finley. “With its portfolio of high-volume indoor venues, Boingo is exceptionally well positioned to take advantage of the need for greater densification and indoor coverage that 5G requires. I look forward to helping the Boingo team accelerate growth even further as 5G comes to market, and I thank Dave for his extraordinary leadership for the past 17 years.”
“Dave has made incredible contributions to Boingo’s success,” said Lance Rosenzweig, on behalf of Boingo’s board. “From taking the company public in 2011, to building an award-winning culture, Dave helped grow Boingo from a start-up to the world’s leading Wi-Fi and indoor DAS provider. With Dave’s continued contributions as a board member and Mike’s leadership as CEO, the board of directors believes Boingo is poised for lasting growth in the wireless infrastructure industry.”
Reaffirming Financial Guidance
Boingo remains confident in its vision and strategy and is reaffirming its full-year financial guidance publicly provided on November 1, 2018.
About Boingo Wireless
Boingo Wireless, Inc. (NASDAQ: WIFI) helps the world stay connected. Our vast footprint of DAS, Wi-Fi and small cells reaches more than a billion people annually, making Boingo one of the largest providers of indoor wireless networks. You’ll find Boingo connecting people at airports, stadiums, military bases, convention centers, multifamily communities and commercial properties. To learn more about the Boingo story, visit www.boingo.com.
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, future guidance and future growth opportunities. 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 the Company’s ability to maintain its existing relationships and establish new relationships with venue partners, its ability to complete build-outs and sign venue contracts, its ability to maintain revenue growth and achieve profitability, its ability to execute on its strategic and business plans, its ability to successfully compete with new technologies and adapt to changes in the wireless industry, the application of new accounting standards, as well as other risks 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, 2017 filed with the SEC on March 12, 2018 and Form 10-Q for the quarter ended September 30, 2018 filed with the SEC on November 5, 2018. 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.
Boingo, Boingo Wireless, the Boingo Wireless Logo and Don’t Just Go. Boingo. are registered trademarks of Boingo Wireless, Inc.
