alarm:clock

Wireless - Monday, November 10, 2008

AT&T Deals $275M For WiFi Hotspot's Wayport

wayport.png
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.

View - site

Post a comment




Remember Me?


More Recent Articles

ThumbPetra Solar Raises $40M For Utility Pole Panels

Tuesday February 9, 2010

Petra Solar out of South Plainfield, NJ has raised $40M in 2nd-round funding. Craton Equity Partners and Espírito Santo Ventures co-led the round and were joined by return backers Element Partners, Blue Run Ventures, OnPoint Technologies and Kuwait... Full Story

ThumbAudio Transcription's 3Play Media Seed Funded

Monday February 8, 2010

Play Media, out of Somerville, MA, has secured $450K of a $600K seed funding round. 3Play works on transcription, captioning, and audio search. Clients pay 3Play to use technology to convert audio recordings to text and then to clean up the errors w... Full Story

Listen to alarm:clock

alarm:clock © 2004-2008

Swift Internet