Ructions shouldn't affect Radionet

Wireless internet provider Radionet claims it's 'business as usual' despite upheavals at its parent company, Wilson Neill.

Wireless internet provider Radionet claims it's "business as usual" despite upheavals at its parent company, Wilson Neill.

Wilson Neill, which owns Radionet as well as several restaurants and publishing firm IT Media, is in trouble with the Companies Office over its failure to file an annual report.

The National Business Review reports Wilson Neill has losses of over $11 million. Subsidiary IT Media has ceased publication of its own weekly business paper, the New Zealand Business Times, with the loss of 10 jobs.

Radionet's general manager, Wendy Stein, says the ructions shouldn't affect her company.

"That's really got nothing to do with us. We're a subsidiary of Wilson Neill and we're fine." Stein says customers shouldn't notice any problems with Radionet's service in the weeks ahead.

A flurry of rescue bids announced last year appear to have failed, leaving the future of the listed company in doubt.

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