|
« Back
AT&T buying Wayport, adding free hotel
hotspots
AP
November 6, 2008
NEW YORK (AP) — AT&T Inc. said Thursday it will buy Wayport
Inc., a privately held company that operates more than 10,000 Wi-Fi
hot spots in McDonald's restaurants and hotels, for $275 million
in cash.
AT&T Internet customers and iPhone owners already have free
access to Wayport's McDonald's locations, but the deal will add
free access at 2,800 locations, including Wyndham, Marriott Vacation
Club and Four Seasons hotels.
AT&T has its own Wi-Fi hotspots as well. The deal will take
its total to 20,000 in the U.S. and 80,000 globally, counting providers
with which it has roaming agreements.
Dallas-based AT&T also said the acquisition will boost its
ability to help businesses set up and manage Wi-Fi networks. The
companies expect the deal to close before the end of the year.
« Back

|