Wayport Inc Acquired by AT&T and Major Funding

Wayport, Inc. made a significant move in its history with the acquisition by AT&T and major funding. This marked a pivotal moment in the company's trajectory.

In 2001, AT&T acquired Wayport, Inc. for $525 million. This acquisition brought a substantial influx of capital to the company.

Wayport's innovative approach to Wi-Fi access was a key factor in its acquisition by AT&T.

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Wayport, Inc. was a leading provider of Wi-Fi services and infrastructure to the hospitality industry.

The company was founded in 1996 and was acquired by AT&T in 2013 for $275 million.

Wayport's financial struggles led to a significant decrease in revenue, from $143 million in 2007 to $64 million in 2010.

AT&T has finalized the acquisition of Wayport Inc. to advance its Wi-Fi strategy.

The deal brings AT&T's number of domestic hotspots to nearly 20,000, the most of any U.S. provider.

AT&T now has nearly 80,000 Wi-Fi hotspots globally, including roaming locations.

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Wi-Fi connections in November alone surpassed 2.5 million, combining both AT&T and Wayport customer use.

AT&T enables free Wi-Fi access to nearly 15 million AT&T wired broadband customers and millions more wireless customers.

The carrier provided Starbucks with the infrastructure to deliver new consumer experiences and business services, while reducing overall costs of their store network.

This acquisition will expand AT&T's nationwide Wi-Fi footprint and drive new creative and customized Wi-Fi solutions for enterprise customers.

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Wayport, a Wi-Fi hotspot network, has recently secured a significant funding boost. Zinio, a digital magazine provider, has partnered with Wayport to offer over 70 titles from 30 publishers on their network. This deal is a win for both parties, as it expands Wayport's offerings and gives Zinio a wider reach.

The partnership is a testament to the growing demand for digital content and Wi-Fi access. As more people turn to digital versions of magazines and newspapers, Wayport is well-positioned to capitalize on this trend.

To sweeten the deal, Wayport is offering customers a $25 prepaid connection card for committing to a subscription to the digital edition of BusinessWeek. This is a great incentive for those who want to try out the service.