Mobile Tech Today

CIO Today Network Sites:   Top Tech News  |   CIO Today   |   Mobile Tech Today   |   Data Storage Today
News & Product Reviews for Mobile Tech Users
Vblock™ Systems:
Advanced converged infrastructure
increases productivity & lowers costs.

www.vce.com
Wednesday, April 23rd 
24/7/365 Network Uptime!
Trending Topics:   Security Heartbleed Big Data Cloud Computing Windows XP Data Centers OS X Mavericks
Home
Laptops & Tablets
Mobile Phones
Mobile Gadgets
Mobile Apps
BYOD & MDM
iPad
Mobile Industry News
Wireless Connectivity
Wireless Security
GPS & Maps
MTT Press Releases
 
Free Newsletters
Top CIO News
 
Mobile Tech Today
 

Mobile Industry News

Fon Raises $14 Million for WiFi-Sharing Network

Fon Raises $14 Million for WiFi-Sharing Network
January 20, 2014 12:31PM

Bookmark and Share
Founded in 2005, Fon is a company with an interesting idea to crowd-source WiFi, with some big name investors like Qualcomm behind it. But whether Fon's idea for crowd-sourcing WiFi actually takes off and becomes an important part of the growing industry remains to be seen. Can Fon make a difference and become the next big thing?

APC has an established a reputation for solid products that virtually pay for themselves upon installation. Who has time to spend worrying about system downtime? APC makes it easy for you to focus on business growth instead of business downtime with reliable data center systems and IT solutions. Learn more here.

You've used the phone but have you used the Fon? Fon is an up-and-coming player in the global WiFi-sharing network space -- and it just raised $14 million through some heavy hitting technology players, including Qualcomm and Google, to push its concept to the masses.

Here's how it works: Fon members share a bit of their home WiFi, and in exchange, get free access at millions of other Fon hotspots worldwide, with no monthly fees. To participate, Fon says all you have to do is buy a Fon WiFi router, called Fonera, and plug it in to your broadband connection.

Alternatively, customers who live in a country where Fon has a telco partner, can sign up with them to become a member.

Strategic Partners

Chipset maker Qualcomm Inc., through its venture capital arm Qualcomm Ventures, led the latest round of fundraising. The investment underscores its relationship with Fon as a strategic investor. Other investors participating in the round include Index Ventures, Google, Coral, Atomico and Deutsche Telekom.

Fon's management says the company is working hard to develop what it deems a “revolutionary” router that combines social WiFi with social music, based on a chipset from Qualcomm Atheros. Fon expects to roll out the new router in the first half of 2014.

Simultaneously, Qualcomm Atheros is integrating Fon as a feature, available via SDK (software developer kit) for its chipsets, aiming to make it easier for WiFi router manufacturers that use Qualcomm Atheros’ chipsets to integrate Fon.

Fon's website shows Fonera priced in the U.S. at $49. Pricing is not yet available for Fonera for Business, which the website says is coming soon.

Can Fon Succeed?

“The amount of this round and the caliber of investors will propel us into our next stage of growth,” said Martin Varsavsky, CEO of Fon. “By integrating Fon into Qualcomm Atheros’ chipsets, more devices and systems will be automatically equipped to be part of Fon’s global WiFi network.”

Fon has grown 50 percent in the past year and now stands at over 12 million WiFi hotspots. With its crowd-sourced approach of converting existing WiFi hotspots into community hotspots, Fon says it has blanketed entire countries with near-ubiquitous WiFi coverage.

In countries such as the U.K., France and Belgium, for example, more than 10 percent of households have Fon hotspots. Other regions such as Japan and Brazil are catching up. Fon has calculated that it has significant coverage in more than 1,000 major cities, making Fon the world’s largest WiFi operator in municipalities. (continued...)

1  |  2  |  Next Page >

 

Tell Us What You Think
Comment:

Name:



 Mobile Industry News
1. OnePlus One Boasts Android Weapon
2. Samsung: $2.2B Too Much for Apple
3. Microsoft-Nokia Deal Closes this Week
4. Mobile Ad Platform From Facebook?
5. Google, Rockstar Suit Stays in Calif.




 Most Popular Articles
1. Google Glass Finds a Home in Medical Education, Practice
2. HP Rolls Out New Software-Defined Network Products
3. Smartphone Kill Switch Could Save Users $2.6B a Year
4. Avaya Aims To End Network Waiting Game
5. Google Video Shows Off Modular Project Ara Phone

Have an informed opinion on this story?
Send a Letter to the Editor.
We want to know what you think.
Send us your Feedback.

 Related Topics  Latest News & Special Reports

  OnePlus One Boasts Android Weapon
  Samsung Gear Fit Geared for Exercise
  Google Sharpens Contact Lens Vision
  Samsung: $2.2B Too Much for Apple
  Review: Windows Phone Advances

 Technology Marketplace
Business Intelligence
Get real-time, cloud-based information services with Neustar.
 
Cloud Computing
Next Generation Data Center Is Here! Vblock™ Systems from VCE
 
Contact Centers
HP delivers the future of the contact center with HP Qfiniti 10.
 
Data Storage
Next Generation Data Center Is Here! Vblock™ Systems from VCE
Barium Ferrite (BaFe) is the future of tape.
2.5" Enterprise-class SATA & SAS SSDs for server & storage applications
 
Enterprise Hardware
Barium Ferrite (BaFe) is the future of tape.
2.5" Enterprise-class SATA & SAS SSDs for server & storage applications
 
Hardware
Protect your network with APC Smart-UPS battery backup
 
Network Security
Protect your network with APC Smart-UPS battery backup
 

Network Security Spotlight
What Verizon's Data Breach Report Can Teach Enterprises
It’s probably not a jaw-dropper, but cyberespionage is officially on the rise. And the use of stolen or misused credentials is still the leading way the bad guys gain access to corporate information.
 
Top Cyberthreats Exposed by Verizon Report
Beyond Heartbleed, there are cyberthreats vying to take down enterprise networks, corrupt smartphones, and wreak havoc on businesses. Verizon is exposing these threats in a new report.
 
Where Do Web Sites Stand, Post-Heartbleed?
A security firm says the vast majority of Web sites have patched themselves to protect against the Heartbleed bug, but now there are questions raised on the reliability of open-source programs.
 
Navigation
Mobile Tech Today
Home/Top News | Laptops & Tablets | Mobile Phones | Mobile Gadgets | Mobile Apps | BYOD & MDM | iPad
Mobile Industry News | Wireless Connectivity | Wireless Security | GPS & Maps | MTT Press Releases
Also visit these Enterprise Technology Sites
Top Tech News | CIO Today | Mobile Tech Today | Data Storage Today

Services:
FreeNewsFeed | Free Newsletters | XML/RSS Feed

About CIO Today Network | How To Contact Us | Article Reprints | Services for PR Pros (In partnership with NewsFactor) | Top Tech Wire | How To Advertise

Privacy Policy | Terms of Service
© Copyright 2000-2014 Mobile Tech Today. All rights reserved. Article rating technology by Blogowogo. Member of Accuserve Ad Network.