Google pays $400 million for wireless internet provider ICOA (update: no it didn't)

Google made another grab for its internet infrastructure, this time picking up wireless hotspot company ICOA for the sum of $400 million. From the deal, the internet giant will control around 1,500 wired and wireless broadband locales in "high-traffic" public spaces, including airports, restaurants and universities, spread across 45 US states. Google will presumably be running these public WiFi spots in addition to its current deal with Boingo -- and in addition to those 180 fiberhoods.

Update: Looks like reports of the acquisition were greatly exaggerated as AllThingsD is reporting, and we've been able to independently confirm that Google has not bought ICOA.

Continue reading Google pays $400 million for wireless internet provider ICOA (update: no it didn't)

Filed under: Internet, Google

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Via: TNW

Source: PRWEB