AT&T has brought the Wi-Fi network operator, Wayport for approximately US$275 million in cash. The deal adds Wayport's focused capabilities and enterprise customer portfolio with AT&T's Internet and 3G networks.
The acquisition expands the AT&T Wi-Fi footprint to nearly 20,000 domestic hotspots, takes the company's global Wi-Fi presence to more than 80,000 locations. Wayport hotspots are in key locations, including select Wyndham, Marriott Vacation Club and Four Seasons hotels; HealthSouth and Sun Healthcare locations; plus McDonald's restaurants.
"We're seeing exponential growth of Wi-Fi-enabled devices -- such as smartphones -- combined with a continued dependency on 24/7, anytime, anywhere Internet access across business and consumer market segments," said John Stankey, president and CEO, AT&T Operations. "Now is the right time for AT&T to affirm our commitment to Wi-Fi leadership. By acquiring Wayport, we're giving consumers more ways to stay in touch and building a more robust network management solution for businesses. We're bringing ready access to the nation's leading Wi-Fi, wireless and IP networks -- on a global scale."
Posted to the site on 6th November 2008
Posted to: www.cellular-news.com/story/34516.php