Google Fiber Buying Wireless ISP
Google Fiber (NASDAQ:GOOG) has entered into an agreement to acquire Webpass, a San Francisco-based Internet service provider (ISP) ...
Google Fiber (NASDAQ:GOOG) has entered into an agreement to acquire Webpass, a San Francisco-based Internet service provider (ISP) founded in 2003. The transaction is expected to close this summer, subject to customary closing conditions. Financial details were not disclosed.
Webpass offers business Internet connections from 10 Mbps to 1 Gbps and residential Internet connections from 100 Mbps to 1 Gbps, primarily via point-to-point wireless. The company currently operates in San Francisco, Oakland, San Diego, Miami, Chicago, and Boston.
In a statement, Webpass President Charles Barr said, in part: "Joining Google Fiber will be a great development for our users because the companies share the same vision of the future and commitment to the customer. Google Fiber's resources will enable Webpass to grow faster and reach many more customers than we could as a standalone company."
Google Fiber is currently available in five cities and is in either the planning or construction stage in six more. The company is also considering 12 other cities as potential candidates