ispONE has called in the administrators, unable to continue its battle with Telstra. Kogan and Aldi customers now have to find somewhere to go. Optus has a special deal for them.
Every cloud has a silver lining. One’s man’s milk is another man’s poison. It’s an ill wind that blows nobody any good.
A week after taking out an injunction against Telstra to prevent it from cutting off services to its customers, ispONE has effectively admitted defeat in its long battle with Telstra. It has appointed administrators and cancelled its contract with Telstra (which Telstra would have cancelled in any case).
ispONE has debts of around $30 million, according to administrators Ferrier Hodgson, with Telstra the biggest creditor. ispONE has no comment, on anything. Its website is unchanged, and still offers services to MVNOs (mobile virtual network operators) and end customers.
As a wholesaler, ispONE was a reseller of Telstra services to over 100 retailers, covering 280,000 mostly domestic consumers of fixed line, mobile phone and Internet services. Its largest resellers were MVNOs Kogan and Aldi. Kogan alone had 120,000 ispONE users.
Source:ITWIRE
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