Boingo Wireless to Acquire Advanced Wireless Group
Boingo Wireless to Acquire Advanced Wireless Group
Airport Wi-Fi Consolidation Combines Two Largest Operators, Creates Global Leader
LOS ANGELES--(BUSINESS WIRE)-- Boingo Wireless (NAS: 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. (NAS: 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.
Boingo, Boingo Wireless, the Boingo Wireless Logo and Don't Just Go. Boingo are registered trademarks of Boingo Wireless, Inc. Wi-Fi Alliance, Wi-Fi, Passpoint and WPA2 are trademarks or registered trademarks of the Wi-Fi Alliance.All other trademarks are the properties of their respective owners.
Cautionary Statement Regarding Forward-Looking Statements
This press release contains "forward-looking statements" that involves risks, uncertainties and assumptions. Forward-looking statements can be identified by words such as "anticipates," "intends," "plans," "seeks" "believes," "estimates," "expects" and similar references to future periods. These forward-looking statements include the anticipated timing of the closing of the acquisition, the quotations from management in this press release, as well as any statements regarding Boingo's strategic plans and future guidance. Forward-looking statements are based on the company's current expectations and assumptions regarding its business, the economy and other future conditions. Since forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict. The company's actual results may differ materially from those contemplated by the forward-looking statements, including the possibility that this acquisition may not close. Important factors that could cause actual results to differ materially from those in the forward-looking statements include the failure to obtain necessary consents, regional, national or global political, economic, business, competitive, market and regulatory conditions, as well as other risk and uncertainties described more fully in documents filed with or furnished to the Securities and Exchange Commission ("SEC"), including Boingo's Form 10-K for the year ended December 31, 2012 filed with the SEC on March 18, 2013, and Form 10-Q for the quarter ended June 30, 2013 filed with the SEC on August 9, 2013. Any forward-looking statement made by Boingo in this press release speaks only as of the date on which it is made. Factors or events that could cause the company's actual results to differ may emerge from time to time, and it is not possible for Boingo to predict all of them. Boingo undertakes no obligation to publicly update any forward-looking statement, whether as a result of new information, future developments or otherwise, except as may be required by law.
Boingo Wireless, Inc.
Katie O'Neill, 310-689-1163
KEYWORDS: United States North America California
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