AT&T to acquire Privately-Held Wi-Fi Provider - Wayport, Inc.
November 7, 2008|
AT&T Inc. announced today that it has agreed, through one of its subsidiaries, to acquire privately-held Wayport, Inc., a leading provider of managed Wi-Fi services in the United States, for approximately $275 million in cash. The deal adds Wayport’s focused capabilities and enterprise customer portfolio with AT&T’s leading Internet Protocol (IP) and 3G networks, and broad consumer and business customer bases, to deliver enhanced broadband connectivity at home, in the office, on the road, and virtually anywhere in between. The acquisition expands the AT&T Wi-FiSM footprint to nearly 20,000 domestic hotspots, takes the company’s global Wi-Fi presence to more than 80,000 locations, and creates thousands of new ways for customers worldwide to stay in touch. Millions of AT&T customers – plus millions of other consumers needing to connect on the go – will benefit from access to new hotspot locations served by Wayport. |
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