Isonetric Broadband ceases trading
Isonetric Broadband Ltd - the Brighton-based broadband via satellite ISP - has ceased trading.
Those behind the company decided to call time on the business last week. A London-based firm of accountants, BKR Haines Watts, has been instructed to convene a meeting of shareholders and creditors on March 7. It's understood that Isonetric will then be placed into liquidation.
Last year Isonetric Broadband released a satellite broadband product which it claimed would "compete directly with ADSL".
The company said the £30 a-month service would give users up to 1mbps of bandwidth downstream enabling them to access broadband content on the Net. ®