Monday, February 06, 2006

Wi-Fi sharing company wins Skype, Google backing | CNET News.com

Wi-Fi sharing company wins Skype, Google backing | CNET News.com

A wireless communications start-up in Spain that is partly a grass-roots social movement seeking to encourage users to share Internet access with their neighbors is set to announce on Monday $21.7 million in funding from big name backers, such as Skype Technologies and Google.

Fon Technology SL said it has secured 18 million euros in initial financing from Skype, the popular Web-based calling company now owned by eBay, Google, and venture capital firms Index Ventures and Sequoia Capital.

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