No deal between Google and ICOA

Press release was issued falsely, official says

A reported deal between Google and ICOA hasn't taken place, according to ICOA.

On Monday, a press release posted on PRWeb stated that Google had acquired Wi-Fi operator ICOA for US$400 million, but the release was not correct and no such deal exists.

ICOA has never had any discussions with potential buyers, CEO George Strouthopoulos said via email.

"Someone, I guess a stock promoter with a dubious interest, is disseminating wrong, false and misleading info in the PR circles. ICOA will report this to the proper authorities," Strouthopoulos said.

Send news tips and comments to mikael_ricknas@idg.com

Keep up with the latest tech news, reviews and previews by subscribing to the PC World newsletter.

Mikael Ricknäs

IDG News Service
Topics: business issues, telecommunication, Carriers, Google, Networking, ICOA, wireless, WLANs / Wi-Fi, Mergers and acquisitions
Comments are now closed.

Latest Articles

Bitcoiners rally to enlighten Washington
Bitcoiners crave coders to cope with demand
Bitcoin's rollercoaster ride is not slowing down
Bitcoin finding its feet at first Silicon Valley conference
No big-bang Apps news at I/O, but some announcements merit attention

Most Popular

What's the difference between an Intel Core i3, i5 and i7?
Samsung’s 2013 Smart TVs: everything you need to know
How do I connect my TV to the Internet?
Laser vs. inkjet printers: which is better?
Windows 7 Home Premium vs. Windows 7 Professional

Best Deals on PCWorld

Printers & ScannersView all »
NotebooksView all »
TabletsView all »
Mobile PhonesView all »
Networking, Wireless & VoIPView all »