Business Week article explaining it
" On Feb. 6, a little-known Spanish startup called Fon made worldwide headlines because of an eye-popping equity investment. Internet giants Google (GOOG) and Skype (EBAY), a unit of eBay, along with the prestigious venture-capital firms Sequoia Capital and Index Ventures, are pumping $21.5 million into the Madrid-based company to help it take off."
7 February 2006, BBC News.
Heavyweight firms such as Google and internet telephony outfit Skype are to invest in an embryonic plan to share wi-fi access around the world. They have joined with venture capital firms to plough $22m (Â£12.6m) into Fon, a three-month-old Spanish startup. Fon, which has already attracted 3,000 subscribers, aims to build a network of broadband users to share connections wirelessly when away from home. A recent survey showed that few laptop owners use wi-fi outside their homes. According to a survey by electronics firm Toshiba, about 20% of laptop owners did not know how to use wireless functions, while 25% thought wireless existing "hotspots" were too expensive.