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A new company to complain to for the high price of hotel broadband

Tim Higgins

November 15, 2006

LodgeNet Entertainment Corporation announced today that that it has entered into an agreement to acquire substantially all of the assets of StayOnline, Inc. for $15.0 million in cash. StayOnline, based in Atlanta, Georgia, is a leading provider of high-speed Internet access solutions focused on the lodging industry.

Upon completion of the transaction, which is subject to certain closing requirements that are expected to be completed in the first quarter of 2007, LodgeNet will provide Internet access services to more than 175,000 hotel rooms nationwide, increasing its current base five fold. LodgeNet has an existing base of one million interactive television rooms.

Tags: Internet,

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