LOS ANGELES--(BUSINESS WIRE)--Boingo Wireless (NASDAQ: WIFI), the leading DAS and Wi-Fi provider that serves consumers, carriers and advertisers worldwide, today announced a new agreement with Forest City Ratner Companies (FCRC) to provide free-to-shopper Wi-Fi at the company’s high-traffic shopping center in Brooklyn, the Atlantic Terminal Mall, which serves more than 40 million shoppers and commuters annually.
“At launch, our network will allow consumers to connect and engage in their favorite online activities without exhausting their capped data plans, and will be optimized for future carrier offload.”
Boingo will manage and operate a centralized Wi-Fi network that provides consumers fast, reliable Wi-Fi on their smartphones, tablets and laptops as they shop, relax or get ready for their commute from Atlantic Terminal, one of New York City’s busiest mass transit hubs. Boingo Wi-Fi will be offered as a customer amenity, and will be available in fall 2013.
“Boingo has extensive experience in operating high-quality Wi-Fi services at leading shopping destinations nationwide, and carrier-grade networks in high-density locations like some of the world’s busiest airports. Boingo is an ideal fit for the Atlantic Terminal Mall, which includes not only some of the region’s best performing retailers, but which also sits at Brooklyn’s key hub for subway, Long Island Rail Road (LIRR) and bus service,” said Kathryn Welch, Executive Vice President of Retail for FCRC.
“We have more than a decade of experience in designing, managing and operating turn-key wireless networks at premier locations with high foot traffic, and we’re building the Atlantic Terminal Mall network to scale with projected increases in consumer data demand from high-bandwidth activities like video and music streaming,” said Doug Lodder, vice president of business development for Boingo Wireless. “At launch, our network will allow consumers to connect and engage in their favorite online activities without exhausting their capped data plans, and will be optimized for future carrier offload.”
Brooklyn’s Atlantic Terminal shopping center is among the most highly trafficked malls in the nation and sits atop the third-largest mass transportation hub in New York City, which welcomes more than 40 million New York City Subway and Long Island Rail Road passengers each year.
In addition to FCRC in New York, Boingo has partnerships with six other top shopping center operators in the nation, including Westfield, Caruso Affiliated, Glimcher Realty Trust, Cafaro and Urban Retail, with agreements to provide wireless services for more than 40 locations serving more than 300 million consumers annually.
About Boingo Wireless
Boingo Wireless, Inc. (NASDAQ: WIFI) helps the world stay connected. Our vast footprint of small cell networks covers more than a million DAS and Wi-Fi locations and reaches more than 1 billion consumers annually – in places as varied as airports, stadiums, shopping malls, restaurants, universities, and military bases. The Boingo platform is the only monetization engine of its kind, driving revenue through carrier offload, advertising, location-based data analytics, and consumer products like IPTV, high-speed broadband, and Wi-Fi. For more information about the Boingo story, visit www.boingo.com.
About Forest City Ratner Companies
FCRC, a wholly owned subsidiary of Forest City Enterprises, Inc., owns and operates 34 properties in the New York metropolitan area. Forest City Enterprises, Inc. is an NYSE-listed national real estate company with $10.6 billion in total assets. The Company is principally engaged in the ownership, development, management and acquisition of commercial and residential real estate and land throughout the United States. For more information, visit www.forestcity.net.
Boingo, Boingo Wireless, the Boingo Wireless Logo and Don’t Just Go. Boingo are registered trademarks of Boingo Wireless, Inc. All other trademarks are the properties of their respective owners.
Cautionary Statement Regarding Forward-Looking Statements
This press release contains “forward-looking statements” that involves risks, uncertainties and assumptions. Forward-looking statements can be identified by words such as “anticipates,” “intends,” “plans,” “seeks” “believes,” “estimates,” “expects” and similar references to future periods. These forward-looking statements include the quotations from management in this press release, as well as any statements regarding Boingo’s strategic plans and future guidance. Forward-looking statements are based on the company’s current expectations and assumptions regarding its business, the economy and other future conditions. Since forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict. The company’s actual results may differ materially from those contemplated by the forward-looking statements. Important factors that could cause actual results to differ materially from those in the forward-looking statements include regional, national or global political, economic, business, competitive, market and regulatory conditions, as well as other risk and uncertainties described more fully in documents filed with or furnished to the Securities and Exchange Commission (“SEC”), including Boingo’s Form 10-K for the year ended December 31, 2012 filed with the SEC on March 18, 2013, and Form 10-Q for the quarter ended June 30, 2013 filed with the SEC on August 9, 2013. Any forward-looking statement made by Boingo in this press release speaks only as of the date on which it is made. Factors or events that could cause the company’s actual results to differ may emerge from time to time, and it is not possible for Boingo to predict all of them. Boingo undertakes no obligation to publicly update any forward-looking statement, whether as a result of new information, future developments or otherwise, except as may be required by law.