No deal between Google and ICOA

Report on $400M deal was false, official says

By Mikael Ricknäs

November 26, 2012 12:17 PM ET

IDG News Service - 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$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

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