Fon
today announced it has surpassed three million hotspots worldwide. With 3.35 million hotspots to-date, Fon has grown by more than 200% year-on-year and has extended its lead as the world’s largest WiFi network, well ahead of its main competitor Boingo, a WiFi aggregator that currently hosts 211,000 hotspots. Fon revenues have also grown significantly, ending 2010 with €28 million, up from €5 million the year before. Fon attributes its growth to the surge in use of WiFi devices, and attributes its giant lead over other networks to its free WiFi proposition. Fon lets users connect to WiFi at Fon hotspots anywhere in the world for free in exchange for sharing a bit of Fon WiFi at home.
“Fon now has well over three million hotspots; that’s triple our size just one year ago, and about six times larger than the Boingo, iPass and T-Mobile WiFi networks all combined,” said Martin Varsavsky, Fon’s founder and CEO. “As many more people purchase tablets and smartphones in the coming year, and as operators choose Fon WiFi to offload the fifty-fold increase in data traffic these users are expected to generate by 2015, we expect our community to continue to grow with no end in site.”
Fon was founded in 2006 by entrepreneur and internet pioneer Martin Varsavsky with the goal of free, ubiquitous WiFi for everyone. Today, Fon is the largest WiFi community in the world, providing WiFi at over three million Fon hotspots and to over six million users. Fon also partners with the world’s leading broadband providers, hardware manufacturers and Telco operators to offer Fon-ready products. Fon’s investors include British Telecom, the Coral Group, Google, Index Ventures, Sequoia Capital and Skype
