boingo

boingo

Photo by Upal Patel on Unsplash

As airlines start to pick back up, the demand for fast internet connectivity in travel hubs is expected to become a central concern for travelers. And that bodes well for Boingo Wireless, the Wi-Fi company that might sound vaguely familiar to anyone who's ever been in an airport or a ballpark and needed a network.

In the innovation-obsessed battleground that is the tech world, Boingo is an old, grizzled veteran.

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Investors snapped up shares of Boingo Wireless Inc. on Tuesday, sending the stock up 23% after the WiFi services company confirmed it has "received multiple inquiries" regarding a potential takeover.

The Los Angeles-based company, whose WiFi antennas power internet service at airports and on planes, said its board is currently engaged in talks with several suitors. The stock catapulted to $14.60 in early trading on the Nasdaq, but is still well below the nearly $26 shares traded at last April.

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