New York: Google has bought an operator of Wi-Fi hotspots in high-traffic locations such as airports, hotels and fast-food restaurants.
Google Inc. is paying USD 400 million for ICOA Inc., a Warwick, Rhode Island, company, as part of the search company's efforts to diversify its portfolio.
ICOA owns or operates Wi-Fi wireless access services in 40 states. It also sells technology for others to run similar Wi-Fi networks under their own brands.
It's not Google's first venture into Internet access. The Mountain View, California, company is building an ultra-fast wired Internet service in Kansas City, primarily to showcase for what's technically possible and to test new ways to use the Internet.
Shares of Google plunged USD 6.07 or 0.9 per cent to USD 661.90 in morning trading on Monday.


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