Deutsche Telekom Close to Buying Stake in Wi-Fi Operator, Fon
Published on: 28th Jan 2013
Note -- this news article is more than a year old.
Germany's Deutsche Telekom is reportedly in talks to buy a stake in the Spanish Wi Fi hotspot operator Fon. Citing persons familiar with the negotiations, the Wall Street Journal said that the two companies have already signed a letter of intent for the deal.
Fon does not operate its own Wi-Fi hotspots, but developed a system that allows other Wi-Fi users to share their internet connection with other Fon users. The system is particularly good at improving Wi-Fi access in residential areas where commercial hotspots aren't available.
Commercial Wi-Fi hotspot providers can also share their service in exchange for a revenue share from paying customers who are not part of the Fon community.
The company has signed up a number of networks across Europe who promote the service to their customers, most significantly BT in the UK which automatically enables the service on its domestic ISP routers.
On the web: Wall Street Journal