$100 million later, Woosh Wireless goes into voluntary adminstration

Wed, 25 May 2016

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 gigahertz spectrum to Spark New Zealand for $9 million, which left W...

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