LOS ANGELES--(BUSINESS WIRE)--Boingo Wireless, Inc. (NASDAQ: WIFI), the Wi-Fi industry’s leading provider of software and services worldwide, today announced an agreement with Transit Wireless to manage and operate Wi-Fi Internet services within the New York City Subway System. Wi-Fi access in the subway stations will gradually roll out over the next five years.
The agreement will eventually allow New York City Transit Authority’s more than 1.6 billion annual subway riders to connect to the Internet using their smartphones, e-readers, tablets and other wireless devices while waiting for a train. Once completed, Boingo Wi-Fi services will be available at stations throughout Manhattan, Brooklyn, the Bronx and Queens.
“Boingo has a proven expertise in operating easy-to-use wireless services in high-traffic venues serving people on-the-go,” said Transit Wireless CEO William A. Bayne Jr. “Our partnership with Boingo helps us deliver on our commitment to providing best-in-class technology amenities to our community of commuters and visitors to the Big Apple.”
“Our alliance with Transit Wireless is another milestone for Boingo in our ongoing effort to expand our managed and operated footprint and provide added value to our customers – especially those in New York City,” said Colby Goff, senior vice president of strategy and business development for Boingo Wireless. “We look forward to providing New Yorkers, our customers and our roaming partners with the reliable connectivity they crave, whether at street level or on the subway platform.”
One-click Wi-Fi access will be available to Boingo subscribers, as well as Boingo’s Wi-Fi roaming partners, including Skype, Sprint, T-Mobile and Verizon. Expanding Boingo’s network of managed hotspots to include New York City’s subway stations continues the company’s growth in consumer service venues including shopping malls, stadiums, arenas and quick service restaurants, as well as the airport networks it operates globally.
About Boingo Wireless
Boingo Wireless, Inc. (NASDAQ: WIFI), the world’s leading Wi-Fi software and services provider, makes it easy, convenient and cost-effective for people to enjoy Wi-Fi access on their laptop or mobile device at more than 500,000 hotspots worldwide. With a single account, Boingo users can access the mobile internet via Boingo Network locations that include the top airports around the world, major hotel chains, cafés and coffee shops, restaurants, convention centers and metropolitan hot zones. Boingo through its Concourse Communications Group subsidiary operates wireless networks at large-scale venues worldwide such as airports, major sporting arenas, malls, and convention centers, as well as quick serve restaurants. For more information about Boingo, please visit http://www.boingo.com.
About Transit Wireless
Transit Wireless was formed specifically to respond to the Metropolitan Transit Authority’s requirement to provide a shared wireless infrastructure to enable commercial wireless services for the New York City Transit Authority (NYCTA) riders within 277 underground subway stations, and related opportunities. Transit Wireless owns and operates the subway station wireless communications network and acts as a neutral host for extending a variety of wireless carrier services to New York City subway riders. Major wireless carriers have already signed on to be partners on the Transit Wireless Network. In addition there is interest for several applications from public/private wireless providers. Broadcast Australia, a leader in underground wireless networks, acquired a controlling interest in Transit Wireless in 2010.
Boingo, Boingo Wireless, the Boingo Wireless Logo and Don’t Just Go. Boingo! are registered trademarks of Boingo Wireless, Inc. All rights reserved. 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. Forward-looking statements are based on our current expectations and assumptions regarding our 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. Our actual results may differ materially from those contemplated by the forward-looking statements. Important factors that could cause actual results to differ materially from those in the forward-looking statements include 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 our Prospectus previously filed with SEC pursuant to Rule 424(b)(4) on May 5, 2011. Any forward-looking statement made by us in this press release speaks only as of the date on which it is made. Factors or events that could cause our actual results to differ may emerge from time to time, and it is not possible for us to predict all of them. We undertake 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.