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07 Feb 2006
Fon, a Spanish company focused on creating a global network of shared Wi-Fi connections, yesterday secured €18m in funding from Google, Skype and Sequoia Capital.
Things are happening very quickly for the fledgling company, founded just three months ago by entrepreneur Martin Varsavsky.
Fon's objective is to build a global Wi-Fi network bottom up, with a target of a million hot spots by 2010.
To achieve its aim, Fon users, or 'foneros', are able to connect to the internet via Fon Wi-Fi hotspots provided by other subscribers.
The development of the Fon global network means that foneros will be able to connect to the internet safely and securely all around the globe.
For service and application providers such as Skype and Google, the Fon network makes their services, like VoIP, even more ubiquitous.
With a download-and-install approach, Fon has registered 3,000 members since it went live with a beta in November 2005.
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