Ruckus Soars on Airtel Africa Deal

by Christopher Freeburn | February 22, 2013 12:10 pm

Ruckus Soars on Airtel Africa Deal

smartphone and globe Ruckus Soars on Airtel Africa Deal[1]Shares of Ruckus Wireless (NYSE:RKUS[2]) jumpedĀ about 12% in Friday midday trading after media reports indicated that it would supply equipment for Airtel Africa’s plan to introduce Wi-Fi networks across 17 African countries[3].

Ruckus will reportedly provide high-traffic wireless access points to Airtel, which is owned by India’s Bharti Airtel group, GigaOM noted. Africa has relatively few 3G and 4G networks and Airtel will place Wi-Fi access points in shopping centers, airports, hotels and other public places to serve as a substitute for 3G/4G service.

The Airtel Wi-Fi network could ultimately include 100,000 access points.

Smartphone use is also constrained in Africa, relative to other regions around the world. However, that may grow with the spread of Wi-Fi enabled smartphones running Google‘s (NASDAQ:GOOG[4]) Android operating system.

Both Airtel and Ruckus declined comment to GigaOm on the report.

Endnotes:
  1. [Image]: http://investorplace.com/wp-content/uploads/2011/06/smartphone-and-globe.jpg
  2. RKUS: http://studio-5.financialcontent.com/investplace/quote?Symbol=RKUS
  3. to introduce Wi-Fi networks across 17 African countries: http://gigaom.com/2013/02/21/exclusive-airtel-bets-big-on-wi-fi-across-africa-as-it-looks-for-3g-substitutes/
  4. GOOG: http://studio-5.financialcontent.com/investplace/quote?Symbol=GOOG

Source URL: http://investorplace.com/2013/02/ruckus-soars-on-airtel-africa-deal/
Short URL: http://invstplc.com/1ftLKXR