NYC pay phones get high-tech makeover
New York City will begin this month replacing thousands of pay phones with free Wi-Fi hot spots that will sit atop a 9.5-foot tall box featuring electronic advertising screens and an Android tablet that can be used to place free phone calls.
The $200M project, called LinkNYC, is being run by CityBridge, a joint venture between three tech companies: Qualcomm (NASDAQ:QCOM), CIVIQ Smartscapes, and Intersection (which has backing from Alphabet). GOOGLE owns Alphabet....
"Free abundant Wi-Fi at those speeds could give people living in NYC, the country's largest market, a reason to spend less on wireless data services from carriers such as Verizon (NYSE:VZ) and AT&T (NYSE:T)," said Craig Moffett, senior research analyst at MoffettNathanson.
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