WirelessDevNet.com Press Release
Boingo Wireless to Acquire Advanced Wireless Group
Boingo Wireless (NASDAQ: WIFI), the leading DAS and Wi-Fi provider that serves consumers, carriers and advertisers worldwide, today announced that the company has entered into an agreement to acquire Advanced Wireless Group (AWG), the second largest airport Wi-Fi provider in the United States. The acquisition is subject to customary closing conditions and is expected to close in the fourth quarter of 2013. Terms of the deal were not disclosed.
Boingo’s acquisition of AWG creates an unmatched 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. With expanded reach and resources, Boingo can accelerate new products to market that enhance the value of the wireless networks with actionable business data and improve the experience of passengers.
AWG operates public Wi-Fi in 17 U.S. airports including top 20 facilities Los Angeles International (LAX), Charlotte/Douglas International (CLT), Miami International (MIA), Minneapolis-St. Paul International (MSP), Detroit Metropolitan Airport (DTW), and Boston’s Logan International (BOS). The combined entity will operate the public Wi-Fi services in nearly 60% of North America’s top 50 airports and more than 40% of the world’s top 50 airports, representing more than 1.4 billion passengers per year across all airports.
“Wireless infrastructure at the airport has become more than an Internet connection for travelers; it is a primary touch-point between the airport and its passengers,” said David Hagan, CEO of Boingo Wireless. “Adding AWG’s airport portfolio to our own will help us to reach scale more quickly with a wide array of services that leverage the wireless infrastructure to help airports better serve those passengers.”
“As the operational benefits of wireless-based services become more recognized, the combined resources of the two leaders in airport Wi-Fi can bring them to market faster than either one of us alone,” said Scott Phillips, president and CEO of Advanced Wireless Group. “Airport administrators want tools that give them actionable information – we can provide that better together.”
“This is a great opportunity to combine both personnel and best practices from two leading companies and put resources in closer proximity to all of our partner airports,” said Nick Hulse, president of Boingo Wireless. “The expanded regional coverage will enable our management teams to boost responsiveness to airport executives and readily address their needs.”
AWG currently operates the public Wi-Fi services in the following airports: Baltimore (BWI), Boston (BOS), Buffalo (BUF), Burbank (BUR), Charlotte (CLT), Detroit (DTW), Indianapolis (IND), John Wayne (SNA), Los Angeles (LAX), Miami (MIA), Minneapolis – St. Paul (MSP), Oakland (OAK), Omaha (OMA), Providence (PVD), Sacramento (SMF), and San Diego (SAN). The company has also been chosen to operate the public Wi-Fi services in Phoenix’s Sky Harbor (PHX) airport.
Representatives from both companies will be attending the ACI-NA Annual Conference and Exhibition in San Jose, Calif., to be held Sept. 23-25.
About Boingo Wireless
Boingo Wireless, Inc. (NASDAQ: WIFI) helps the world stay connected. Our vast footprint of small cell networks covers more than a million DAS and Wi-Fi locations and reaches more than 1 billion consumers annually – in places as varied as airports, stadiums, shopping malls, restaurants, universities, and military bases. The Boingo platform is the only monetization engine of its kind, driving revenue through carrier offload, advertising, location-based data analytics, and consumer products like IPTV, high-speed broadband, and Wi-Fi. For more information about the Boingo story, visit www.boingo.com.