TMCnet News
BOINGO WIRELESS INC FILES (8-K) Disclosing Entry into a Material Definitive Agreement(Edgar Glimpses Via Acquire Media NewsEdge) Item 1.01. Entry into a Material Definitive Agreement On August 4, 2014, our wholly owned subsidiary, New York Telecom Partners LLC ("NYTP") entered into a Supplemental Agreement (the "Agreement") to its Telecommunications Network Access Agreement ("TNAS Agreement") with the Port Authority of New York and New Jersey ("NYPA"). Under the Agreement, NYTP will design and manage Wi-Fi and distributed antenna system ("DAS") networks within certain areas of the new World Trade Center complex. NYTP is required to make payments to NYPA upon the occurrence of certain carrier-related milestones. NYTP will additionally pay revenue share to NYPA derived from DAS and Wi-Fi receipts received under the Agreement. The Agreement has a maximum term of 20 years, and with certain exceptions, will be coterminous with the TNAS Agreement. We will file the Agreement as an Exhibit to our 10-Q for the quarter ended September 30, 2014, and we will seek confidential treatment of portions of the Agreement. 2 -------------------------------------------------------------------------------- |