Boingo Wireless

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Boingo Wireless, Inc.
Public
Traded asNASDAQWIFI
Russell 2000 Component
IndustryTelecommunications, Wireless, Technology
FoundedLos Angeles, CA (2001)
FounderSky Dayton
Headquarters10960 Wilshire Blvd.
23rd Floor
Los Angeles, CA[1]
Key people
David Hagan (CEO)
ProductsWireless broadband technology and services for large public venues including Wi-Fi, distributed antenna systems (DAS) and small cells
Revenue
  • Increase US$ 204.4 million (2017)[2]
  • Increase US$ 159.3 million (2016)[2]
Websitewww.boingo.com

Boingo Wireless is an American company that provides mobile Internet access for wireless-enabled consumer devices. The company reports having over one million small cell networks for cellular extension services (aka distributed antenna system (DAS)) and Wi-Fi access that reaches more than one billion consumers annually.[3] The company is headquartered in Los Angeles, California.

History[edit]

In 2001, Earthlink co-founder Sky Dayton founded Boingo to address the then-fragmented state of Wi-Fi networks.[4] He said he saw how Wi-Fi "could help make the Internet as ubiquitous as the air we breathe".[5]

In March 2007, Boingo acquired Concourse Communications Group,[6] which extended Boingo's services into Wi-Fi and cellular DAS networks at airports.[6][7]

On November 10, 2008, Boingo acquired Opti-Fi Networks’ Wi-Fi holdings, adding another 25 airport Wi-Fi networks to its portfolio of managed locations and bringing its total of airport Wi-Fi networks to 55.[8]

On May 4, 2011, Boingo Wireless went public, giving the company a market cap of approximately $439 million. The stock price dropped soon afterward, and Boingo's IPO was initially viewed as "less than auspicious",[9] but the stock recovered a year later to its IPO price.[10]

On August 8, 2012, the company acquired Cloud Nine Media, thereby adding advertising services for sponsored Wi-Fi.[11]

On February 21, 2013, the company acquired Endeka Group, a provider of Wi-Fi and IPTV services to military bases and federal law enforcement training facilities.[12]

In November 2013, Boingo announced contracts with the US Air Force, US Army, and US Marines Corps to install IPTV and broadband access networks on their posts.[13]

In September 2013, Boingo announced the acquisition of its largest competitor, Advanced Wireless Group (AWG).[14] At the time of the announcement, AWG operated networks at 17 US airports, including Logan Airport (BOS), Detroit Metropolitan Airport (DTW), Los Angeles International Airport (LAX), and Miami International Airport(MIA). Boingo announced that the combined entity would operate in 60 percent of North America’s top 50 airports and more than 40 percent of the world’s top 50 airports, reaching more than 1.4 billion passengers annually.[15]

In February 2014, Boingo launched Passpoint Secure hotspot service at 24 US airports, including LAX, Chicago's O'Hare, and New York's JFK and LaGuardia airports.[16] In June 2014, the company partnered with American Express to offer its Platinum card holders free wireless access.[17]

In April 2015, Boingo struck a deal with wireless carrier Sprint Corporation to offload the carrier's customer traffic onto Boingo's Wi-Fi networks at 35 US airports. The deal was reportedly struck to improve Sprint's network performance.[18]

As of November 2017, Boingo's market capitalization stood at $1.02 billion.[19]

In August 2018, the company acquired Charleston, South Carolina-based multifamily and student housing Wi-Fi provider Eluawit Networks.[20] In November, Boingo announced that it had been selected by the Metropolitan Transportation Authority (MTA) of New York to build and maintain wireless services for the Long Island Rail Road (LIRR) Atlantic Branch and Grand Central Terminal's upcoming East Side Access facility. The two DAS facility deals were reportedly the largest in the company's history.[21]

Products and services[edit]

Boingo acquires long-term wireless rights in large venues like airports, military bases, stadiums, multifamily communities and universities; builds DAS, Wi-Fi, and small cell networks to serve those areas; and monetizes those networks through advertising, carrier fees, or user charges.[22][20]

Consumer services[edit]

  • Boingo Broadband - Boingo provides residential high-speed wireless Internet and IPTV services for troops stationed on US military bases, plus Japan and South Korea.[23][24]
  • Boingo Wi-Fi - Boingo sells Wi-Fi access to end users at a network of managed and operated Wi-Fi hotspots and third party locations around the world.[25]
  • Boingo Media - Boingo sells advertising on its Wi-Fi platform. Consumers can receive free Wi-Fi in exchange for watching an ad.[26]

Business services[edit]

  • Wi-Fi Offload - Boingo sells wireless carriers the ability to offload their licensed network traffic onto unlicensed spectrum.[18]
  • Small cell - Boingo designs and manages small cell networks in venues and sells carriers access to the network. Small cells act as an extension of a macro cellular network and provide more cellular coverage and capacity.[30]
  • Multifamily – Boingo works with property owners to design, build and operate telecom networks for multifamily and student housing communities.[20][31]
  • Platform services - Boingo licenses its proprietary software, and provides software integration and development services to customers, allowing them to sell their own Wi-Fi services.[33]
  • Roaming services - Boingo sells roaming services across a network of over 1 million[34] hotspot locations to business partners, who use this service to provide mobile Internet services to their customers. The company is integrating Hotspot 2.0 technology, also known as Passpoint, allowing users to automatically connect when within range of free Wi-Fi service.[35] Through a roaming deal with Time Warner Cable (now known as Charter Spectrum) announced and launched in 2014, this technology allows newer smartphones with Wi-Fi Alliance-certified Passpoint clients to move between and automatically connect to networks operated by both companies.[36]
  • Turn-key solutions - Boingo sells turn-key Wi-Fi solutions to venue operators, including installation, management, and operation.[37]

Awards and recognition[edit]

References[edit]

  1. ^ "Location". boingo.com. Retrieved 2017-02-27.
  2. ^ a b "BOINGO WIRELESS INC (WIFI) SEC Filing 10-K". last10k.com. 2018-03-12. Retrieved 2018-12-12.
  3. ^ "WIFI Boingo Wireless, Inc. Quarterly Report". Morningstar. 2014-09-30. Retrieved 2014-12-17.
  4. ^ "Day 2 at 802.11 Planet Conference". Wi-Fi Networking News. 2002-12-04. Retrieved 2014-02-18.
  5. ^ "Sky Dayton, founder of Boingo Wireless - Where are they now?". FierceWireless.com. June 18, 2013. Archived from the original on 2014-05-02. Retrieved 2014-04-25.
  6. ^ a b Ron (2006-05-22). "Boingo Wireless Acquires Airport Cellular, Wi-Fi Operator Concourse Communications". Wi-Fi Networking News. Retrieved 2014-02-18.
  7. ^ "Boingo Completes Concourse Buy". WirelessWeek. 2007-03-02. Retrieved 2014-02-18.
  8. ^ "Boingo Acquires Opti-Fi To Boost Airport Wi-Fi". InformationWeek. Retrieved 2014-02-18.
  9. ^ "Boingo Wireless IPO Finds Lukewarm Reception On Day One". Forbes. 2011-04-05. Retrieved 2014-02-18.
  10. ^ "Gogo Files For $165 Million IPO". Benzinga.com. 2013-06-10. Retrieved 2014-04-25.
  11. ^ "Boingo Buys Wi-Fi Startup Cloud Nine Media". MediaPost Publications. 2012-08-08. Retrieved 2014-02-18.
  12. ^ "Boingo Wireless (WIFI) to Acquire Endeka". StreetInsider.com. 2013-02-21. Retrieved 2014-02-18.
  13. ^ "Boingo supports the troops with IPTV, winning contracts to connect U.S. military bases". Gigaom.com. 2013-11-08. Retrieved 2014-04-30.
  14. ^ "Boingo Wireless Acquires Advanced Wireless Group". CommercialObserver. 2013-10-13. Retrieved 2014-04-30.
  15. ^ "Boingo Acquires AWG, Combining Airport Industry's 2 Largest Wi-Fi Providers". Airport Revenue News. 2013-09-26. Retrieved 2014-04-30.
  16. ^ "Now Arriving: A Better Airport Experience". Airport Business. 2014-10-01. Retrieved 2017-02-27.
  17. ^ a b "American Express and Boingo Join to Offer Free, Unlimited Wi-Fi to Card Members". Travel and Leisure. Retrieved 2017-02-27.
  18. ^ a b "Sprint makes Wi-Fi the 'fourth layer' of its network with new Boingo deal, small cell push and Wi-Fi router". fiercewireless.com. 2015-04-30. Retrieved 2017-02-27.
  19. ^ "Analysts take a look at Boingo Wireless Inc (NASDAQ:WIFI) having this to say". presstelegraph.com. 2017-11-26. Retrieved 2017-12-28.
  20. ^ a b c "On record Q2, Boingo expands Wi-Fi footprint with acquisition". rcrwireless.com. 2018-08-02. Retrieved 2018-11-27.
  21. ^ "Boingo Skirts Tech Sell-Off as New York Transit Deal Spurs Gain". bloomberg.com. 2018-11-20. Retrieved 2018-12-19.
  22. ^ "Boingo Wireless: Leading the Small Cell Revolution" (PDF). Shareholder.com. 2014-12-02. Archived from the original (PDF) on 2014-12-18. Retrieved 2014-12-18.
  23. ^ "Boingo serves up broadband for U.S. military". FierceWireless.com. 2014-10-26. Retrieved 2014-12-17.
  24. ^ "Boingo CTO highlights wireless services for military bases". rcrwireless.com. 2018-04-18. Retrieved 2018-12-19.
  25. ^ "Boingo Wi-Finder (for iPad)". PC Magazine. 2012-11-16. Retrieved 2017-02-28.
  26. ^ "Boingo's Cloud Nine deal shows how public Wi-Fi is changing". FierceWireless.com. 2012-08-08. Retrieved 2014-04-30.
  27. ^ "Boingo Wireless's (WIFI) CEO David Hagan on Q3 2018 Results". seekingalpha.com. 2018-11-02. Retrieved 2018-12-12.(subscription required)
  28. ^ "CEO: Boingo in discussions with 'multiple carriers' to densify networks". fiercewireless.com. 2016-11-07. Retrieved 2017-02-28.
  29. ^ "When it Comes to DAS, World Trade Center Sets its Sights High". aglmediagroup.com. 2014-08-13. Retrieved 2017-02-28.
  30. ^ "Stadium Tech Report: Boingo, AT&T answer call for more DAS bandwidth at Chicago's Soldier Field". MobileSportsReport.com. 2013-12-26. Retrieved 2014-04-30.
  31. ^ "Boingo sees MDUs as big growth opportunity". rcrwireless.com. 2018-09-12. Retrieved 2018-12-19.
  32. ^ "Mastercard Partners To Connect Cardholders To Wi-Fi". MobileSportsReport.com. 2017-02-22. Retrieved 2017-12-28.
  33. ^ "Boingo woos new carriers and ISPs". CNet. 2003-10-03. Retrieved 2017-02-28.
  34. ^ "How to Register For SPG AmEx Boingo Wi-Fi Access". ThriftyTraveler.com. August 20, 2015. Retrieved 2017-02-28.
  35. ^ "Wi-Fi roaming starts to take flight with Hotspot 2.0". PCWorld. February 24, 2014. Retrieved 2014-04-30.
  36. ^ "Time Warner Cable, Boingo turn on Hotspot 2.0". GigaOM.com. 2014-12-17. Retrieved 2014-12-18.
  37. ^ "Turnkey Hot Spots". WiFiNetnews.com. 2002-11-18. Retrieved 2017-02-27.
  38. ^ "Global Traveler picks top airlines, hotels and such". dallasnews.com. Retrieved 2014-05-01.
  39. ^ "Global Traveler announces the cream of the crop of 2013". GlobalTravelerUSA.com. 2013-12-01. Retrieved 2014-05-01.
  40. ^ "Global Traveler Announces 13th Annual GT Tested Reader Survey Awards". GlobalTravelerUSA.com. 2016-12-01. Retrieved 2017-02-28.
  41. ^ "GT Tested Reader Survey Awards 2015". GlobalTravelerUSA.com. 2015-12-01. Retrieved 2017-02-28.
  42. ^ "GT Tested Reader Survey Awards 2017". GlobalTravelerUSA.com. 2017-12-01. p. 16. Retrieved 2017-12-28.
  43. ^ "2018 GT Tested Reader Survey Awards Winners". globaltravelerusa.com. 2018-12-12. Retrieved 2018-12-19.
  44. ^ "2015 Winners". wirelessglobalcongress.com. Retrieved 2017-02-28.
  45. ^ "Leading Lights 2016 Finalists: Most Innovative Wireless Service (3G, 4G, Carrier WiFi)". lightreading.com. 2016-05-22. Retrieved 2017-02-28.

External links[edit]