Telco equipment supplier NetComm Wireless has entered voluntary administration after operating for over 40 years.
Documents listed by the Australian Securities and Investments Commission (ASIC) on March 13 show Kate Conneely and Rahul Goyal from Cor Cordis have been appointed administrators of the company.
NetComm Wireless provides telecommunications infrastructure equipment to telco companies in Australia and other markets. It saw large profits back in 2018 off the back of expansion in the 5G, fixed-wireless, fibre to the curb and industrial IoT spaces.
SmartCompany understands that a divestment process was run by Casa Systems — a US company that acquired NetComm back in 2019 — in the second half of…
