Boingo Wireless to acquire Advanced Wireless Group for undisclosed sum
Sep 20, 2013 (M2 EQUITYBITES via COMTEX) --
Boingo Wireless (Nasdaq:WIFI), a DAS and Wi-Fi provider, announced on Thursday the signing of an agreement to acquire Advanced Wireless Group (AWG), a large airport Wi-Fi provider in the US.
Financial details of this acquisition were not disclosed.
Boingo's acquisition of AWG is expected to create a global leader in airport wireless services, providing public Wi-Fi and cellular DAS network expertise, as well as offering a comprehensive portfolio of network enhancements that include location based services, venue analytics and advanced roaming access via Hotspot 2.0 deployments.
The combined entity is expected to operate the public Wi-Fi services in nearly 60% of North America's top 50 airports and over 40% of the world's top 50 airports, representing over 1.4 billion passengers per year across all airports.
This acquisition, which is subject to customary closing conditions, is expected to close in the fourth quarter of 2013.
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