Microcomm Systems buys Invisible Networks
Invisible Networks, the Cambridge-based wireless broadband operator that went titsup last week, has been bought by London-based Microcomm Systems, the outfit behind Mesh Broadband.
Financial terms were not disclosed. However, once IN's business and assets have been transferred to Microcomm Systems Ltd, it's expected that IN will go into voluntary liquidation early next month.
That said, the acquisition means that IN's punters should be able to continue with their broadband services.
According to a statement issued last night, Microcomm Systems plans to upgrade and improve IN's current network and integrate it with its existing operations based in Southend, Essex.
Said Microcomm Systems director, TJ Amushan: "I am delighted that we have been able to secure the community networks and to keep them running.
"Acquisition of these networks and customer base provides one of the key locations in our strategy for the East of England."
Initial reaction among IN punters, though, has been mixed. Although some are reserving judgment on their new service providers until they have read the small print, others just aren't happy.
They're miffed that not only will they have to pay more for the service (around £30 a month) they will also have to commit to year's contract. ®