Google Inc (NASDAQ:GOOGL) Will Work With Qualcomm (QCOM) And Comark To Bring Free Wi-Fi To New York City


Strong, reliable and high-speed network connections are very important to Google Inc (NASDAQ:GOOGL). For that reason, the company is reaching out to likeminded companies to expand free Wi-Fi networks in New York City. Google’s recently launched Sidewalk Labs has tapped Qualcomm, Inc. (NASDAQ:QCOM) and Comark to back the free Wi-Fi initiative in NYC.

Sidewalk Labs is inviting investors to acquire both Titan and Control Group and bundle the two entities into one new company called Intersection. Titan and Control Group have been behind the project called LinkNYC, whose goal is to cover NYC with fast, free, public Wi-Fi. The participation of Google Inc (NASDAQ:GOOGL) is expected to bolster such Wi-Fi connection efforts.

To broaden access to Wi-Fi in NYC, Google’s Sidewalk Labs has reached out to Qualcomm, Comark and other partners to back the initiative. The participation of Qualcomm and Comark is expected to lead to an even stronger Wi-Fi in NYC.

Triggering favorable reforms

Google Inc (NASDAQ:GOOGL) is fond of shaking up markets with hopes that other players would see the benefits of its ideas to follow suite. Expanding free Wi-Fi access in NYC is expected to decongest networks in the city to improve the consumer experience.

The high demand for network connections in the large cities means that even carriers with the most proficient networks find it hard to handle traffic in cities like New York. For that reason, it has dawned on Google that pervasive free Wi-Fi would help decongest network traffic.

Project Fi

Google recently plunged into the phone carrier business through what it calls Project Fi. The company is not necessary interested in making money through selling phone services, but driving favorable changes in the telecom industry. Project Fi will be a small-scale offering that is also available on a certain mobile device.

It will be interesting to see how Google Inc (NASDAQ:GOOGL)’s Sidewalk Labs drive free Wi-Fi access in NYC, and whether the same can be replicated elsewhere.

Neha Gupta

Neha Gupta has been in the financial space for over six years now. Gupta earned her MBA degree from Symbiosis Centre of Distance Learning in 2009 and her passion for finance led her to pursue Chartered Financial Analyst (CFA) course. She has successfully completed Level II of her CFA. She is a veteran in article writing, which is depicted in her numerous pieces published on SeekingAlpha, Nextiphonenews, InsiderMonkey, MarketWatch, and Techinsider. Her crisp and eloquent writing finds its best place in Researchcows, where emphasis is given on developing rich content for various websites, products, business plans, trainings, and book writing.

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