Google is moving beyond Fiber. The Internet and technology behemoth is announcing today that it has acquired wireless Internet network provider ICOA for $400 million. To those new to ICOA, the company is actually a provider of wireless and wired broadband Internet networks in high-traffic public locations such as airports, marinas, restaurants, apartment buildings, and retail businesses in the U.S. As of January 1, 2006, ICOA owns or operates over 1,500 broadband access installations in high-traffic locations across 45 states. Google is looking forward to “further diversify its already-impressive portfolio of companies.” Other details of the deal were not disclosed. Google also acquired Nik Software in September this year, as well as Sparrow in July and Meebo in June.
Updated: Apparently, the press release via PRWeb was fake. ICOA CEO George Strouthopoulos is denying the report saying, “This is NOT TRUE!! Never had any discussions with any potential acquirers!! This is absolutely false! Someone, I guess a stock promoter with a dubious interest, is disseminating wrong, false and misleading info in the PR circles.”
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