Forest City Ratner Selects Boingo for Retail Wi-Fi Deployment
Boingo to Manage and Operate Wi-Fi at High-Traffic Shopping Destination in
LOS ANGELES -- August 20, 2013
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.
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
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.
Boingo Wireless, Inc.
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