AT&T acquires Wi-Fi access provider Wayport for $275M

AT&T is buying privately-held Wayport for about $275 million in cash, adding nearly 20,000 domestic hotspots to its global Wi-Fi presence of more than 60,000 locations. Wayport enables wireless connections to the Internet via smartphones and other Wi-Fi enabled devices at McDonald's restaurants, Hertz offices, hotels, airports and other locations. The firm, founded in 1996, counts Sevin Rosen Funds, Invesco Private Capital, New Enterprise Associates, Scale Venture Partners and Trellis Partners as its major investors.