Affinity Wireless goes tits up

Calls in the adminstrators

Affinity Internet Holdings plc has called in administrators for its Affinity Wireless Ltd telecoms business.

Today's announcement follows yesterday's suspension of the outfit's shares.

In a statement this morning the company said: "Affinity Internet Holdings plc has in recent weeks been negotiating with its creditors and due to the uncertain financial position it finds itself in has taken independent professional advice.

"They regret to announce that this has resulted in Andrew John Pepper and Lee Anthony Manning of Kroll being appointed as administrators for its subsidiary Affinity Wireless."

The Register understands that there are a number of offers on the table for Affinity's telco business and that a deal could be completed as early as this week.

No one from Affinity was available for comment this morning. A voicemail message at its head office in London claims that the "office is now closed".

Two weeks ago Affinity Internet flogged its loss-making Internet operation to an outfit called Cleverview Investments Ltd for £250,000. ®

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