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. ®

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