AT&T Buys Wayport, Adds to Wi-Fi Hot Spots

AT&T has agreed to acquire Wayport for $275 million in cash. Wayport operates a network of Wi-Fi hot spots at locations such as McDonalds and several hotel chains. The deal will add free Wi-Fi access for iPhone and BlackBerry users at an additional 2,800 locations, including Wyndham, Marriott Vacation Club and Four Seasons hotels. With the acquisition, AT&T will control some 20,000 Wi-Fi hot spots in the U.S.