AT&T completes sale of Wayport’s European operations, will still operate US business

AT&T sells Wayport’s European operations

DALLAS — AT&T Inc. has completed the sale of the European operations 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.

(This version corrects headlines and story to reflect that only European operation being sold.)