I hope it does. We use it at work for Internet and for a second phone line. It may not be fast but it has been reliable and not expensive.

sbiddle: In todays economic climate I just can't see them finding enough cash to last enough year, let along $150 million for a new network when their current business model is doing so poorly.

I want to know who is doing the sell to new investors they keep bringing on.  How do you hide a history of loss after loss after loss?

They must have an amazing accountant.

nate:

sbiddle: In todays economic climate I just can't see them finding enough cash to last enough year, let along $150 million for a new network when their current business model is doing so poorly.

I want to know who is doing the sell to new investors they keep bringing on.? How do you hide a history of loss after loss after loss?

They must have an amazing accountant.

You know things are a little bleak when Woosh?s automated switchboard includes the option, "If you?re a Woosh creditor, press 4", as Keallhauled discovered during an attempt to reach chairman Rod Inglis.

Arguably Kordia is currently insolvent three times over. Current assets of $53 million vs. current liabilities of $169 million.

Kordia bought Orcon for $24,750,000 of which the net identifiable assets were just $64,000. The remaining purchase price was a whopping $24,513,000 of goodwill and a client list. Seeby Woodhouse must have felt like the Toll Directors when Michael Cullen came calling, little wonder he throws parties for New Zealand's Next Top models in his home and appears weekly drinking and cavorting in social pages.  He's still celebrating and full of goodwill. The Kordia Directors must have a crystal ball that no one else can gaze into or they are dimmest fools in the world because Orcon made a net loss of $3,578,000 to the Group to 30 June 08.

alig: If Woosh could now implement WiMAX, it will not only survive but could beat its competitors. With one condition -  the access should be universal for one account and include both mobile and fixed Internet connectivity for one reasonable and comparable to other ISPs monthly price. It might bite off a chunk of the cellular market, as well.

richgamer: if they can develop a usb modem that doesn't require a big antenna on the window and gets at least 80% reception then they could survive.

adamj:
Add the capex costs of deploying Wimax to the losses Woosh has already made and I doubt they would be profitable any time soon. If they ever make enough to make a profit after deploying wimax, the technology would be obselete well before the time they made enough to cover losses to date.

alig: Yes. But if they could beat the greed and make the cheapest prices for the Internet access after implementing WiMAX.. A lot of greedy New Zealanders (including myself) will dump their current providers in favour using speedy mobile Internet and VoIP (instead of way expensive 3G GSM/CDMA). Students, tenants, contractors, etc

adamj:
Would you? Vodafone are in the process of rolling out 3G coverage to 97% of the population (With the right device). Woosh coverage is extremely limited in comparison.
How are they supposed to make money by spending millions on infrastruction and then charging less than competitors? Not gonna happen