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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 2023.
ABOUT THE AUTHOR
Senior Technology Journalist
Tegan Jones is a senior technology journalist at SmartCompany. A multi-award-winning journalist, she has been reporting on technology, telecommunications and gaming for the past 10 years. She regularly appears on mainstream media channels as an expert tech commentator. Her previous roles include editor of Gizmodo Australia and global reviews editor at Finder. She has also served as a reporter and editor across Business Insider, Lifehacker and Kotaku Australia. Tegan was the co-host of one of the top technology podcasts in Australia, Queens of the Drone Age. You can find her on Twitter @Tegan_Writes.
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