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Verizon acquires info-kiosk firm LQD WiFi

Published 11/14/2016, 06:15 PM
Verizon acquires info-kiosk firm LQD WiFi
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  • Verizon (VZ -1.1%) today acquired substantially all the assets of privately held LQD WiFi, the latest in a string of bolt-on acquisitions it's sought alongside its pursuit of Yahoo (NASDAQ:YHOO).
  • Financial terms weren't disclosed. The goal of the acquisition is enhancing "citizen engagement experiences" using LQD's Palo technology hubs in urban spaces -- kiosks that provide information including community news/info, wayfinding, public safety announcements, transit updates and upcoming events, along with free public Wi-Fi.
  • LQD and Verizon are designing solutions for municipalities, private developers, academic institutions and entertainment venues, the companies say.

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