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Boingo Wireless Stock Bounces on Launch of Wi-Fi 6 Network

Boingo Wireless (NASDAQ:WIFI) stock is on the move Wednesday after revealing the launch of a new Wi-Fi 6 network.

Image of the Boingo (WIFI) website with a magnifying glass over it.
Source: Pavel Kapysh / Shutterstock.com

A Boingo Wireless news release reveals that the company now offers Wi-Fi to all of São Paulo/Guarulhos International Airport. The company says that this is the first known case of an entire airport gaining access to Wi-Fi 6.

Boingo Wireless notes that it’s the largest provider of Wi-Fi to airports in the Americas. The company does a lot of business in South America and São Paulo/Guarulhos International Airport is the busiest airport in the area.

According to the company, its Wi-Fi 6 will make it easy for passengers to enjoy content while waiting on their flights. That includes downloading music, movies, and more. It also notes that the Wi-Fi 6 networks meet 5G requirements.

Mike Finley, CEO of Boingo Wireless, said the following about the news moving WIFI stock.

“Boingo’s Wi-Fi 6 launch at GRU marks a major milestone for airport wireless in the 5G era, raising the bar for the connected travel experience. Our converged, neutral host network offers passengers fast, free Wi-Fi and is engineered with Passpoint technology to enable carriers to seamlessly offload cellular traffic to the Wi-Fi 6 network.”

Boingo Wireless also claims to be the first company to offer Wi-Fi 6 at a major airport. This comes from it equipping the John Wayne Airport with a Wi-Fi 6 network.

WIFI stock got a boost in early trading Wednesday but is currently only up slightly from yesterday’s close.

On the date of publication, William White did not have (either directly or indirectly) any positions in the securities mentioned in this article.


Article printed from InvestorPlace Media, https://investorplace.com/2020/10/boingo-wireless-stock-bounces-on-launch-of-wi-fi-6-network/.

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