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Shares of Ruckus Wireless Climb on Google Wi-Fi Reports

usa google sunnyvale hotspot gigaom

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#1 Hum

Hum

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Posted 23 May 2014 - 21:28

Shares of Ruckus Wireless (RKUS) ticked higher Friday on a report that Google (GOOG) has hired it to build a nationwide Wi-Fi network for businesses.

The Sunnyvale, Calif.-based Wi-Fi equipment maker has been commissioned to build a large-scale Wi-Fi hotspot network in the cloud, according to reports by The Information and Gigaom.

The idea is that it would be connectable by small and mid-sized businesses through their own wireless routers. While individual businesses would likely be responsible for their own Wi-Fi equipment and broadband connections, Google would offer the hotspot service for free as long as they agree to join its public network, according to the reports.

Shares of Ruckus climbed 7.3% to $10.52 Friday on the news.

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