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Boingo Wireless: Still In An Expensive Land Grab Phase

September 20th, 2019 · No Comments

  • The company is building out its venues for DAS and carrier offload, hooks up military and multifamily buildings to increase its footprint.
  • While that growth is going well, it requires significant CapEx and the inherent profitability remains to be seen. Cash flow and debt have made investors somewhat uncomfortable.
  • Leverage can come when they sign up more carriers for existing facilities management, this is a matter of time.
  • A longer-term future is also imaginable where the company takes its foot off the accelerator and cash generation improves.
  • We can see some recovery in the share price later in the year as Q4 promises to be better, but only a new carrier deal would seal it convincingly for us.

Source: Boingo Wireless: Still In An Expensive Land Grab Phase – Boingo Wireless, Inc. (NASDAQ:WIFI) | Seeking Alpha

Tags: WIFI