Wayport Raises $20 Million to Expand its Access Services

Wayport has raised approximately $20 million through a private placement. Wayport intends to use the funds for strategic acquisitions and to invest in key areas of the company to accelerate deployments at hotels, airports, McDonald's, UPS Stores and other strategic venues.



The number of locations that Wayport now provides high-speed Internet service to has increased by 275% from a total of 800 a year ago to over 3,000 as of June 2004, with 2,000 locations installed in the past 180 days. http://www.wayport.net/