Competition And VulnerabilityDespite a favorable view of fiber, there is concern that BOC's small scale leaves it vulnerable to competition, especially with rural subsidies.
Financial Performance2Q24 EBITDA of $0.9mm was well short of street expectations, driven by $4.1mm in one-time expenses primarily related to co-CEO separation.
Leadership ChangesThe recent co-CEO exit and subsequent buy-out of shares have caused uncharacteristic turbulence for BOC.