AT&T completes sale of Wayport Holdings but will still run Wi-Fi at McDonald’s and hotels

AT&T sells Wayport; will still run Wi-Fi business

DALLAS — AT&T Inc. has completed the sale of a company that provides Wi-Fi hotspots in hotels and McDonald’s restaurants.

Wayport Holdings A/S, the European subsidiary of Wayport Inc., was sold to a subsidiary to the Swiss telecommunications company Swisscom AG.

AT&T bought the company in 2008 for $275 million and will continue to operate the U.S. business.

Financial terms were not disclosed when the sale closing was announced Friday.