Report of acquisition deal between Google and ICOA is false

A press release with 'false and misleading' info was issued, says the CEO of the Wi-Fi operator

A reported deal between Google and ICOA has not 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 incorrect and no such deal exists.

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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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