Wireless - Monday, November 10, 2008
AT&T Deals $275M For WiFi Hotspot's Wayport
AT&T has bought Irving, TX's Wayport for roughly $275M in cash. Wayport operates WiFi hotpots for partners and has been in the game forever and has raised $155M since 1998 with key investors Seven Rosen Funds, New Enterprise Associates, Millennium Technology Ventures and Scale Venture Partners.
We think of Wayport most prominantly as one of those super anoying services that we find in hotels that want $10+ per night to hop on the Net. They had deals with Wyndham, Marriott Vacation Club and Four Seasons hotels and more recently they did a deal to put WiFi in McDonald’s - we still have yet to see anyone hanging out sipping a milk shake and logging on.
AT&T boasts that the deal gives it another 20,000 hot spots which brings its total to 80K hot spots.
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