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.”