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FON in Businessweek

http://www.businessweek.com/magazine/content/07_42/b4054045.htm for the full article, an excerpt:

The BT deal should help FON’s network grow exponentially. Under the terms of the agreement, the British phone carrier will install FON’s technology in the modems of 1.7 million of its customers. In recent months, FON also has inked smaller deals to pre-install its software with cable operator Time Warner (TWX ) in the U.S. and phone carrier Neuf Cegetel in France.

Thanks to these deals, FON could become one of the few companies to cash in on the promise of Wi-Fi service. For years the technology has been promoted as the next big thing in telecommunications. But so far Wi-Fi has generated more bluster than business. Big tech players such as Intel Corp. (INTC ) and IBM (IBM ), for instance, have pulled the plug on some of their ambitious initiatives. "We view this as a transformational event," says Danny Rimer, a partner at European venture capital firm Index Ventures, which has invested in FON. "It should translate into significant revenue growth over time."

This entry was posted on Friday, October 12th, 2007 at 12:55 pm and is filed under Fon, WiFi. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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