Network infrastructure provider Boingo Wireless has announced commercial availability of its enterprise private networks offering, currently being trialed at airports, sports and entertainment venues nationwide.
Boingo said its private networks provide dedicated, secure wireless connectivity with enhanced capacity, control and coverage to enterprise customers.
The company also noted that the new service is offered via network as a service (NaaS) model. Boingo added that the solution is ideal for customers who want the benefits of a cellular network that guarantees control and data ownership, while removing the hassle of network management.
?Businesses are accelerating their digital transformation to streamline operations, reduce overhead and provide a secure experience?and private networks from Boingo are an important piece of that transformation,? said Michael J. Zeto III, SVP of global strategy and emerging businesses at Boingo. ?Whether it?s creating a touchless customer journey, deploying robotics on the manufacturing floor, implementing advanced asset tracking, or introducing IoT for industrial safety, a Boingo NaaS Private Network provides a secure connectivity backbone that enables an enterprise to execute its vision, realize outcomes and own their own data.?
Boingo Private Networks are designed for enterprise customers who want direct control over wireless coverage, location and quality. These networks are end-to-end solutions including design, installation, operation, maintenance and data analytics.
Boingo Private Networks can be implemented with 5G, LTE, CBRS, Wi-Fi 6, multi-access edge computing (MEC) and work seamlessly alongside neutral host DAS and Wi-Fi, the company said.
Earlier this month, Digital Colony said it had completed its acquisition of Boingo Wireless for a total of $854 million.
The transaction also includes the assumption of $199 million of the latter?s net debt obligations.
As a result of the completion of the transaction, Boingo is now a privately-held company, and its common stock no longer trades on the NASDAQ.
Digital Colony pointed out that there is a significant total addressable market of over 20,000 venues, which remains largely untapped and offers opportunities across its core products.
Boingo provides connectivity at airports, stadiums, military bases, convention centers, and commercial properties.
Boingo Wireless recorded revenues of $237.4 million for the full-year 2020, a decrease compared to $263.8 million in 2019. The firm also posted a net loss of $17.1 million in 2020, compared to a net loss of $10.3 million in 2019.
As of December 31, 2020, Boingo Wireless had a total of 74 DAS venues live, comprised of 41,200 DAS nodes and an additional 11,500 nodes in backlog. It had 73 venues live, comprised of 38,100 nodes, as of the end of 2019.