Swisscom Hospitality to Acquire Wayport's EMEA Business

Hospitality Services Plus SA, a fully-owned subsidiary of Swisscom, announced today that it will acquire Wayport Holdings A/S, an AT&T company providing network-based guest services to hotels in Europe, the Middle East and Africa. The acquisition will strengthen Swisscom Hospitality's presence in Europe including the Nordic countries, and expand its international footprint to new markets such as Russia and the Middle East.

Wayport Inc., an indirect wholly-owned subsidiary of AT&T, is specialized in high speed Internet access services and end-to-end network solutions for the international hospitality and lodging industries. Wayport Holdings A/S is the European entity of Wayport, Inc. that focuses on the hospitality market in EMEA. The closure of the deal is pending approval by the competent competition authorities.

Wayport Holdings A/S currently provides about 300 partner hotels in 34 countries with Internet guest services and business center solutions. Among its clients are renowned international hotel chains. Headquartered in Copenhagen, Denmark, Wayport Holdings A/S and its subsidiaries are mainly focused on the Nordic countries but also operate across Central and Eastern Europe, including Russia, the Middle East and in some African countries. The company's market presence, client portfolio and product offering perfectly fit to Swisscom's hospitality branch which already serves more than 1,800 partner hotels in Europe outside of Scandinavia, plus 200 locations in the United States.

Following the closure of the deal, Swisscom will merge Wayport's EMEA operations with its own and assume all existing contractual obligations.

AT&T will continue to own and operate the former Wayport assets in the United States. Since the acquisition of Wayport in December 2008, AT&T has integrated Wayport into its Wi-Fi network. AT&T has the largest Wi-Fi network in the U.S., with more than 20,000 hot spots.

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