Yesterday, The Next Web and other tech blogs reported that Google had purchased a Wifi hotspot company for $400 million. I had written previously in SeekingAlpha about how Google might expand into wifi, so I quickly wrote another article on the topic based on the breaking news. When I finished, I went back to check on updates and it turned out the whole story was false. The tech media wants to get out their story first, so they end up taking a “publish first, ask questions later approach”. I guess I did the same thing by relying on them.
Anyways, most of what I had written is still likely to apply in the future, so I edited my article and re-submitted it to SeekingAlpha. Might be a bit lame, but I think the basic points are true. The Big Cellular Carriers will face increased competition in the future from companies like Google or Dish Networks, and users will have more choice, either through cellular service or even wifi. Click on the article to find out more: