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WIFI - Is Boingo Wireless Close to Finding a Buyer?
Boingo Wireless Inc.
Public and private Wi-Fi network operator Boingo Wireless (NASDAQ: WIFI) reported mixed third-quarter results on Monday evening. Management painted the reporting period as a modest rebound from the second quarter's trough and said that Boingo's review of strategic options is finding "strong interest and engagement" from several potential partners. Investors were quick to embrace this report, driving Boingo's share prices 16% higher in Tuesday's trading session.