Boingo “believes” that it is is the world’s largest commercial Wi-Fi network, with 211,000 Wi-Fi locations in over 100 countries. The company installs, manages and operate wireless networks in locations like airports and restaurant chains, which Boing says had more than 800 million visitors in 2009.

According to the filing, Boingo had 1.3 million consumers who have purchased its mobile Internet services in the past year. The company’s primary source of revenue is from consumers who purchase month-to-month subscription plans or hotspot specific, single-use access to its network. Boingo also receives money from business partners that pay to allow their consumers to access the network. Other revenue channels include telecom operators and advertisers.

Boingo increased revenue from $56.7 million in 2008 to $65.7 million in 2009. The company also made $59.0 million in 2010 revenue as of September of 2010.

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Authors: Leena Rao

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