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World CallNet Inc - which operates the British ISP CallNet - has called in London-based BDO Stoy Hayward to negotiate a trade sale of the service provider.

CallNet said it took the decision in the "interest of shareholders and all stakeholders".

Administrator, Malcolm Cohen, told Reg this morning that there had already been some interest in the company, although he would not divulge any further detail.

Two weeks ago Gerard Farley, president of World CallNet, told Reg that the ISP was a "very valuable business" and that he was "delighted with its performance".

Last week Cable & Wireless pulled the plug on CallNet because it said "substantial monies" was owed to C&W, although later on someone plugged them back in again. ®

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