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Jama: For WiMAX I think it will depend on how much is invested and how far the network goes. I think one of the failings of Woosh is trying to expand to far to soon. They should have probably focused on Auckland first in making it the best and most competitive broadband network with awesome coverage instead of the patchy far and wide approach they have taken.
A smart WiMAX operator would focus on one area with minimal investment.
mpmorrison: Is there a press release with a statement from Woosh to say what the reason for the loss is?
paradoxsm:
Good on them for being the only ones not to whinge about "unbundling" and release alternative phone and email services to the market. I'd like to see them succeed.
I'll put $20 on Telecom buying Woosh in the future. Their current losses are unsustainable and with nobody else out there wanting to invest money into them the current investors have no choice but to invest more of their own money or walk away from the whole business.
Jama: NZ Herald are reporting that Woosh have secured another $29M off their already bleeding investors.
Don't see Telecom buying them. Telstra Clear? who knows given that the fire sale value is around $20M why would you sell?
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