Google buys Wi-Fi provider ICOA for $400 million

Nov 26, 2012

Google has bought an operator of Wi-Fi hotspots in high-traffic locations such as airports, hotels and fast-food restaurants.

. is paying $400 million for ICOA Inc., a Warwick, Rhode Island, company, as part of the search company's efforts to diversify its portfolio.

UPDATE: Google acquisition release was hoax

ICOA owns or operates Wi-Fi services in 40 states. It also sells technology for others to run similar Wi-Fi networks under their own brands.

It's not Google's first venture into Internet access. The Mountain View, California, company is building an ultra-fast wired Internet service in Kansas City, primarily to showcase for what's technically possible and to test new ways to use the Internet.

Shares of fell $6.07, or 0.9 percent, to $661.90 in morning trading Monday.

Explore further: Hand out money with my mobile? I think I'm ready

not rated yet
add to favorites email to friend print save as pdf

Related Stories

Google, Boingo offer New York free summer Wi-Fi

Jun 25, 2012

Google and wireless Internet group Boingo said Monday they would offer free Wi-Fi access over the summer months in many parts of New York City, including some busy subway stations.

Wi-Fi for travelers becomes Web marketing lure

Nov 10, 2009

(AP) -- Google, Yahoo, eBay and Microsoft, competitors on the Web, all have the same idea for marketing themselves this holiday season: temporarily providing free Wi-Fi access in airports, airplanes and public places.

Verizon gives free Wi-Fi to Internet customers

Jul 27, 2009

(AP) -- Verizon is giving some of its home broadband customers free access to thousands of Wi-Fi hotspots in airports and other public places, taking a page from competitors that already offer wireless Internet access.

Recommended for you

Hand out money with my mobile? I think I'm ready

Apr 17, 2014

A service is soon to launch in the UK that will enable us to transfer money to other people using just their name and mobile number. Paym is being hailed as a revolution in banking because you can pay peopl ...

Quantenna promises 10-gigabit Wi-Fi by next year

Apr 16, 2014

(Phys.org) —Quantenna Communications has announced that it has plans for releasing a chipset that will be capable of delivering 10Gbps WiFi to/from routers, bridges and computers by sometime next year. ...

Tech giants look to skies to spread Internet

Apr 16, 2014

The shortest path to the Internet for some remote corners of the world may be through the skies. That is the message from US tech giants seeking to spread the online gospel to hard-to-reach regions.

Wireless industry makes anti-theft commitment

Apr 16, 2014

A trade group for wireless providers said Tuesday that the biggest mobile device manufacturers and carriers will soon put anti-theft tools on the gadgets to try to deter rampant smartphone theft.

Dish Network denies wrongdoing in $2M settlement

Apr 15, 2014

The state attorney general's office says Dish Network Corp. will reimburse Washington state customers about $2 million for what it calls a deceptive surcharge, but the satellite TV provider denies any wrongdoing.

Netflix's Comcast deal improves quality of video

Apr 14, 2014

Netflix's videos are streaming through Comcast's Internet service at their highest speeds in the past 17 months now that Netflix is paying for a more direct connection to Comcast's network.

User comments : 0

More news stories

LinkedIn membership hits 300 million

The career-focused social network LinkedIn announced Friday it has 300 million members, with more than half the total outside the United States.

Suddenly health insurance is not for sale

(HealthDay)— Darlene Tucker, an independent insurance broker in Scotts Hill, Tenn., says health insurers in her area aren't selling policies year-round anymore.