SAN FRANCISCO—A report circulating the Internet that Google Inc. agreed to pay $400 million to acquire Wi-Fi hotspot provider ICOA Inc. appears to have been a hoax.
The Wall Street Journal reported Monday (Nov. 26) that Erwin Vahlsing Jr., ICOA's chief financial officer, said the company has not been acquired by Google nor even had discussions with Google about a possible deal.
The report, which was announced in what appeared to be a news release on the site PR web, was reported by several media outlets, including EE Times.
ICOA (Warwick, R.I.) is a vertically integrated wireless Internet network provider. The company provides design, installation, operation, maintenance and management of WI-FI hot-spot and hot-zone Internet access.