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Wednesday 25 May 2016 04:40 PM
$100 million later,
Woosh Wireless goes into voluntary
adminstration
By Edwin Mitson
May 25
(BusinessDesk) – Woosh Wireless, the Auckland-based wireless
broadband operator, has gone into voluntary administration.
The company was founded in 1999 and has burnt through
more than $100 million since then. It was bought by
California-based Craig Wireless for US$5 million in 2011. In
August 2015 it sold its fixed line network of 9,000
customers to rival broadband operator, Slingshot.
In
April, Craig Wireless sold a 70 megahertz block of 2.3
giga…
Read the full article at: http://www.scoop.co.nz/stories/BU1605/S00820/woosh-wireless-goes-into-voluntary-administration.htm