Okay, the name is Network Acquisition Corporation (NAC), so it's likely to change: But the deal closed yesterday. Tropos gets a win here because their equipment will continue to be used as the Wi-Fi network is upgraded. As I noted yesterday, NAC's plan (elaborated in this press release) is to rely on well-understood business services that are undelivered or overpriced in Philadelphia to provide recurrent, baseline revenue, rather than being yet-another-Wi-Fi-network-operator.
Three other significant details appear in the release, as well: The network will be free (that was discussed but wasn't entirely clear before), and may includes advertising, sponsorships, and other programs; the network will be focused on outdoor applications, not indoor service, hurray; and there will be no customer support--this will be a best-effort network that you can't complain about when it doesn't work.
So far, promising.