Telecom to seek Lloyd Group's liquidation

Telecom has instructed its lawyer to have Hamilton ISP Lloyd Group liquidated to recover a $200,000 debt.

Telecom says it is taking legal steps to liquidate the assets of a Hamilton company judged to owe it more than $200,000.

Internet service provider Lloyd Group was found in the Hamilton High Court last month to owe Telecom for network services dating back to 1999. The small ISP’s claim to fame is that it provided a DSL service – to only one publicly disclosed customer – before Telecom launched JetStream.

A Telecom spokesman said Lloyd Group had failed to pay the bill more than a week after a court-imposed deadline, so the telco had put the matter in its lawyer’s hands.

Lloyd director Lloyd Gallagher told Computerworld earlier this month that he disputed the amount owed.

Gallagher took an unsuccessful complaint of anti-competitive behaviour to the Commerce Commission when Telecom refused to grant his company continued rights to connect his DSL equipment to its network.

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