Invisible Networks confirms job losses
Staff told to vanish
Invisible Networks - the Cambridge-based wireless networks outfit that helps bring broadband to rural areas - has confirmed it has made a number of staff redundant.
Sources told The Register that workers were informed last week that jobs were on the line.
Invisible's Chief exec, Richard Nuttall, declined to say how many jobs have been lost except to say that it was "a few".
Around a dozen people are currently employed at the company.
Speaking to The Register, Mr Nuttall insisted that Invisible Networks is "ongoing" and "continuing to take on new projects".
Invisible Networks was created in 2001 to deliver broadband services to rural areas.
In June the company announced that it had secured a new round of investment, which would be used to accelerate network rollout on key projects in the East of England, Oxfordshire and West Sussex.
At the time Mr Nuttall said in a statement: "It has been hard work raising funding in the current market, but the strength of our wireless broadband network model has shown that it is possible to raise funding if the proposition is right." ®