Invisible Networks Could Still Be Saved
Posted: 07th Oct, 2003 By: MarkJ
Invisible Networks, the broadband wireless ISP that recently announced it had failed to find a buyer in time, may have one last chance after media coverage sparked some renewed interest in the company:
At the moment there's no indication how strong that interest is, especially in light of the admission by IN execs that they had failed in their attempts to find a buyer for the business and its assets.
Still, should the business fail to be sold as a whole, the liquidators said that the business could still be split up. At the moment, IN is manned by a handful of staff after nine were made redundant on Friday.
One wonders whether GX Networks isn't sniffing around for another acquisition, although we should find out soon enough. More @ The Register.
At the moment there's no indication how strong that interest is, especially in light of the admission by IN execs that they had failed in their attempts to find a buyer for the business and its assets.
Still, should the business fail to be sold as a whole, the liquidators said that the business could still be split up. At the moment, IN is manned by a handful of staff after nine were made redundant on Friday.
One wonders whether GX Networks isn't sniffing around for another acquisition, although we should find out soon enough. More @ The Register.
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