WiFi operator receives 15 million euro to boost European expansion

Having already established operations in 11 European countries, one of Europe's largest WiFi operators, The Cloud, is looking to increase its European presence following the injection of €15 million of investment cash.

The company, whose core business is focused on Denmark, Germany, the UK and Sweden, said it planned to use the cash to take advantage of a market it perceives to be fragmented and primed for consolidation.

"I think everyone appreciates how tough the capital markets are and I believe the timing of this investment is a strong endorsement of the business and its plans for international expansion," said Steve Nicholson, The Cloud's chief executive.

This upbeat statement came days after BT Openzone withdrew from negotiations over continuing to use thousands of The Cloud's WiFi access points in the UK. BT Openzone subscribers were informed by e-mail late last week that access to The Cloud's WiFi service would no longer be part of the Openzone service.

For more on this story:
- go to ITPro

Related articles:
BT and O2 extend iPhone WiFi deal. BT/O2 story
BT turns off WiFi access to The Cloud. The Cloud story

Suggested Articles

Wireless operators can provide 5G services with spectrum bands both above and below 6 GHz—but that doesn't mean that all countries will let them.

Here are the stories we’re tracking today.

The 5G Mobile Network Architecture research project will implement two 5G use cases in real-world test beds.