Why AT&T Is Buying Wayport

AT&T (T) loves WiFi. And it knows that you love WiFi too. So it just bought up WiFi hotspot operator Wayport for $275 million in cash.

The acquisition will add about 3,000 WiFi hotspots to AT&T's network in the U.S., bringing the total to 20,000 hotspots [including those in Starbucks (SBUX) and McDonald's (MCD)]. A bigger WiFi network helps AT&T's wireless business because it provides a way to offload data-intensive traffic from its 3G cellular network to the cheaper and faster WiFi networks, where available.

That is why AT&T offers free WiFI connections to all of its iPhone and Blackberry customers. Expect that trend to continue.

Original post

Comments

[ILL PA.:]

Finally good comments about =T=.
Now maybe AT&T will start moving up on Wall Street.
Also =X= ACI=RIMM=YUM=FCX=IPI= All look like they will be taking off soon.
Thank You,
W.G.G.

2008 Nov 12 01:02 AM