Gowex goes bust; CEO admits faking financials; timeline of Gowex demise


Only five days after Gotham City Research published a report accusing Gowex of misleading investors, Gowex’s management has filed for bankruptcy protection in Spain. The company’s CEO, Jenaro Garcia, resigned and admitted that he had been publishing false financial accounts for at least four years. For those of you who are not familiar with Gowex, […]

Gowex shares plunge on allegations of inflated revenue


Just a day after I posted an article questioning the spectacular rise in the share price of Gowex, its shares plunged as much as 58 percent today after Gotham City Research LLC released a detailed report on the company, stating that over 90 percent of Gowex’s reported revenues are a fantasy. In fact, Gotham City […]

Ubiquiti, Gowex hottest stocks in Wi-Fi space: can it continue?


Check out the 1-year stock price movements of the following companies in the Wi-Fi space: Ubiquiti (UBNT), Gowex (BME:GOW), Ruckus Wireless (RKUS), Aruba (ARUN) and Boingo Networks (WIFI). Gowex and Ubiquiti outperform Boingo, Ruckus and Aruba by a huge margin. Ubiquiti makes wireless equipment, like Ruckus and Aruba (albeit Aruba focuses on the enterprise). But […]

NYC free citywide WiFi project pre-conference Q&A: attendees and city’s responses

new york free citywide wifi

The New York City Department of Information Technology & Telecommunications (DoITT) held a pre-proposal conference on 12 May 2014 concerning the city’s free citywide WiFi project — the RFP for a franchise to install Public Communications Structures (Wi-Fi pay phones) for the boroughs of the Bronx, Brooklyn, Manhattan, Queens and Staten Island. The questions submitted […]

Check out who is using Towerstream’s Wi-Fi network in Manhattan: Gowex among others

gowex towerstream nyc

This is a screenshot showing the different Wi-Fi operators who are using Towerstream’s wholesale Wi-Fi network in New York City. Note that Gowex is one of those companies. Another is Blis NY WiFi. The advantage of piggybacking on someone else’s network is you don’t have to incur huge capital expenditures to build your own. I […]

Gowex users get free Wi-Fi in Brazil

Gowex has signed a roaming agreement with Oi, a Brazilian operator (and the second largest carrier in South America). Oi will be providing Wi-Fi service during the 2014 World Cup and 2016 Olympics. Thanks to this bilateral agreement, GOWEX and Oi users will benefit from the thousands of Wi-Fi hotspots that both companies have created […]

Gowex launches free Wi-Fi service in Corsica

Gowex, the Madrid-based Wi-Fi operator, has begun providing free Wi-Fi service in the Ajaccio, the capital of the island of Corsica (birthplace of Napoleon Bonaparte and popular holiday island), just in time for the Tour de France and the summer holiday season. The Tour de France is celebrating its 100th anniversary this year and Corsica, […]

Gowex deploys free Wi-Fi hotzones in San Francisco

san francisco free wifi

After building Wi-Fi hotzones in New York, GOWEX takes the leap to the West Coast and lands in San Francisco with 450 “Wi-Fi Smart Zones”. GOWEX plans to increase the number of hotzones in the city. The second city in the US in terms of quality of life (the first one is Honolulu) with over […]

Free Wi-Fi in Nice and the French Riviera

Nice, France has entered into a deal with GOWEX to offer free Wi-Fi service in some of the city’s public areas such as the Cours Saleya and Place du Palais. The SSDI is «NiceGOWEXFREEWiFi». That’s great but they still force you to go through a registration screen, which I and many people hate. The problem with […]

UCONNECT begins pilot testing for WiFi in public transport

wifi in public transport

UCONNECT is a public transport WiFi project for buses and other vehicles. It uses cellular and WiMAX networks as backhaul for providing WiFi to passengers. Members of the UCONNECT consortium for Wireless Smart Transport are: GOWEX (SME-Spain), Eclexys (SME-Switzerland), Brightcom Solutions (SME- Portugal), Autocares Jiménez (SME-Spain), Saphyrion (RTD performer -Switzerland) and Universitatea Tehnica Cluj-Napoca (Romania). […]