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AT&T Completes Wayport Acquisition
AT&T completed its previously announced acquisition of Wayport, a leading integrator of Wi-Fi hotspots. The deal adds local Wi-Fi network management and infrastructure expertise to AT&T's world-class communications capabilities and brings its number of domestic hotspots to nearly 20,000 -- the most of any U.S. provider. Globally, AT&T has nearly 80,000 Wi-Fi hotspots, including roaming locations.
Further advancing its Wi-Fi strategy, AT&T is nearing completion of the transition of thousands of Starbucks company-owned stores in the United States to AT&T Wi-Fi service, strengthening AT&T's ability to personalize broadband access across devices and customer location. Specifically, customers at nearly 7,000 company-operated Starbucks locations can now access a tailored, online experience -- including local Starbucks content -- while logging on to the Internet from their Wi-Fi enabled smartphones, laptop computers and other devices.
"Looking ahead, we see Wi-Fi as a strategic opportunity for AT&T," said Ralph de la Vega, president and chief executive officer of AT&T Mobility and Consumer Markets. "We plan to build on our leadership as the largest Wi-Fi provider -- bringing more connectivity to more consumers -- and working closely with our enterprise customers to enhance and personalize their customer communications and improve the efficiency of their operations."
http://www.att.com
12-Dec-08
- In November 2008, AT&T agreed to acquire privately-held Wayport, a provider of managed Wi-Fi services, for approximately $275 million in cash. Wayport is based in Irving, Texas and was founded in 1996. Major investors included Sevin Rosen Funds, INVESCO Private Capital, New Enterprise Associates, BA Venture Partners and Trellis Partners. Other Wayport investors included Lucent Venture Partners, GC Technology Fund, Sanders Morris Harris, Star Ventures and GIC.
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