Superway placed into receivership

North Shore cable company Superway has been placed in receivership.

North Shore cable company Superway has been placed in receivership.

Michael Stiassny and Grant Rober of Ferrier Hodgson were appointed as receivers earlier this week.

The company also faces a liquidation order from cable-laying contractor Infront Consulting, based in Otahuhu.

Superway was formed in September 1998 and planned to roll out a high-speed fibre network, capable of delivering telephony, TV and high-speed data services, on Auckland’s North Shore and Whangaparoa Peninsula. It signed an interconnection agreement with Telecom the same year and launched a pilot of its high-speed network in 1999.

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