‘Some interest’ in Invisible Networks rescue

How strong?

By Tim Richardson • Get more from this author

Posted in Wireless, 7th October 2003 11:09 GMT

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There's still hope that wireless broadband outfit, Invisible Networks (IN), still might find a buyer.

A spokesman for business rescue and insolvency outfit McTear Williams and Wood said that news of IN's demise had "brought some further interest" from parties interested in buying the company.

At the moment there's no indication how strong that interest is, especially in light of the admission by IN execs that they had failed in their attempts to find a buyer for the business and its assets.

Still, should the business fail to be sold as a whole, the liquidators said that the business could still be split up.

At the moment, IN is manned by a handful of staff after nine were made redundant on Friday.

McTear Williams and Wood also told The Register that it is still assessing the full extend of IN's debt.

Elsewhere, anger over IN's demise has spilled onto message boards with some customers expressing displeasure at the way they've been treated. Some claim they're owed money by the company while others are hacked off at the way IN failed to keep them informed over the last couple of months.

Despite the anger, others are trying to be constructive and work out other ways to keep their wireless broadband communities up and running. ®