AT&T to Divest Wayport Holdings A/S to Hospitality Services Plus SA
Poster: SySAdmin
Posted on April 8, 2010 at 8:35:01 AM
AT&T to Divest Wayport Holdings A/S to Hospitality Services Plus SA
AT&T will retain former Wayport assets in the U.S.
DALLAS, April 8 -- AT&T* announced today that it has agreed to divest Wayport Holdings A/S, the European subsidiary of Wayport, Inc., to Hospitality Services Plus SA, a wholly-owned subsidiary of Swisscom. The transaction is subject to regulatory approvals.
AT&T will continue to own and operate the former Wayport assets in the United States. Since the acquisition of Wayport in December 2008, AT&T has integrated Wayport into its Wi-Fi network. AT&T has the largest Wi-Fi network in the U.S., with more than 20,000 hot spots and offers its customers access to more than 125,000 hot spots around the world.
Terms of the transaction were not announced.
*AT&T products and services are provided or offered by subsidiaries and affiliates of AT&T Inc. under the AT&T brand and not by AT&T Inc.
Largest Wi-Fi network claim based on non-municipal company-owned and -operated hotspots. A Wi-Fi enabled device required. Other restrictions apply. See http://www.attwifi.com for additional services, details and locations.
About AT&T
AT&T Inc. (NYSE:T) is a premier communications holding company. Its subsidiaries and affiliates - AT&T operating companies - are the providers of AT&T services in the United States and around the world. With a powerful array of network resources that includes the nation's fastest 3G network, AT&T is a leading provider of wireless, Wi-Fi, high speed Internet and voice services. A leader in mobile broadband, AT&T also offers the best wireless coverage worldwide, offering the most wireless phones that work in the most countries. It also offers advanced TV services under the AT&T U-verse(SM) and AT&T |DIRECTV(SM) brands. The company's suite of IP-based business communications services is one of the most advanced in the world. In domestic markets, AT&T Advertising Solutions and AT&T Interactive are known for their leadership in local search and advertising. In 2010, AT&T again ranked among the 50 Most Admired Companies by FORTUNE® magazine.
© 2010 AT&T Intellectual Property. All rights reserved. 3G service not available in all areas. AT&T, the AT&T logo and all other marks contained herein are trademarks of AT&T Intellectual Property and/or AT&T affiliated companies. All other marks contained herein are the property of their respective owners.
Cautionary Language Concerning Forward-Looking Statements
Information set forth in this press release contains financial estimates and other forward-looking statements that are subject to risks and uncertainties, and actual results might differ materially. A discussion of factors that may affect future results is contained in AT&T's filings with the Securities and Exchange Commission. AT&T disclaims any obligation to update and revise statements contained in this news release based on new information or otherwise.
Source: AT&T Inc.
CONTACT: McCall Butler, Office, +1-212-453-2354, Mobile,
+1-917-209-5792, mbutler@attnews.us, for AT&T Inc.; or Niall Hickey of AT&T
Inc., Office, +44 (0)207 663 5076, Mobile, +44 (0)771 577 1451,
nhickey@emea.att.com
Web Site: http://www.att.com/
AT&T will retain former Wayport assets in the U.S.
DALLAS, April 8 -- AT&T* announced today that it has agreed to divest Wayport Holdings A/S, the European subsidiary of Wayport, Inc., to Hospitality Services Plus SA, a wholly-owned subsidiary of Swisscom. The transaction is subject to regulatory approvals.
AT&T will continue to own and operate the former Wayport assets in the United States. Since the acquisition of Wayport in December 2008, AT&T has integrated Wayport into its Wi-Fi network. AT&T has the largest Wi-Fi network in the U.S., with more than 20,000 hot spots and offers its customers access to more than 125,000 hot spots around the world.
Terms of the transaction were not announced.
*AT&T products and services are provided or offered by subsidiaries and affiliates of AT&T Inc. under the AT&T brand and not by AT&T Inc.
Largest Wi-Fi network claim based on non-municipal company-owned and -operated hotspots. A Wi-Fi enabled device required. Other restrictions apply. See http://www.attwifi.com for additional services, details and locations.
About AT&T
AT&T Inc. (NYSE:T) is a premier communications holding company. Its subsidiaries and affiliates - AT&T operating companies - are the providers of AT&T services in the United States and around the world. With a powerful array of network resources that includes the nation's fastest 3G network, AT&T is a leading provider of wireless, Wi-Fi, high speed Internet and voice services. A leader in mobile broadband, AT&T also offers the best wireless coverage worldwide, offering the most wireless phones that work in the most countries. It also offers advanced TV services under the AT&T U-verse(SM) and AT&T |DIRECTV(SM) brands. The company's suite of IP-based business communications services is one of the most advanced in the world. In domestic markets, AT&T Advertising Solutions and AT&T Interactive are known for their leadership in local search and advertising. In 2010, AT&T again ranked among the 50 Most Admired Companies by FORTUNE® magazine.
© 2010 AT&T Intellectual Property. All rights reserved. 3G service not available in all areas. AT&T, the AT&T logo and all other marks contained herein are trademarks of AT&T Intellectual Property and/or AT&T affiliated companies. All other marks contained herein are the property of their respective owners.
Cautionary Language Concerning Forward-Looking Statements
Information set forth in this press release contains financial estimates and other forward-looking statements that are subject to risks and uncertainties, and actual results might differ materially. A discussion of factors that may affect future results is contained in AT&T's filings with the Securities and Exchange Commission. AT&T disclaims any obligation to update and revise statements contained in this news release based on new information or otherwise.
Source: AT&T Inc.
CONTACT: McCall Butler, Office, +1-212-453-2354, Mobile,
+1-917-209-5792, mbutler@attnews.us, for AT&T Inc.; or Niall Hickey of AT&T
Inc., Office, +44 (0)207 663 5076, Mobile, +44 (0)771 577 1451,
nhickey@emea.att.com
Web Site: http://www.att.com/