Possible buyer for Radionet on the cards

The receiver appointed to failed hospitality company Wilson Neill may have a buyer for its ISP, Radionet.

The receiver appointed to failed hospitality company Wilson Neill may have a buyer for its ISP, Radionet.

The wireless internet provider went into receivership on April 4 after its parent company, which also owned the Cobb and Co chain of family restaurants as well as the Auckland icon Iguacu restaurant and publishing house IT Media, folded after a bail-out deal was terminated.

Receiver, Stephen Tietjens of Auckland-based Corporate Finance, says a deal should be announced within a couple of weeks.

"We have a tentative deal in the pipeline but nothing concrete at this stage."

Radionet has continued trading through its current troubles.

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