7 days ago
- Business
- AU Financial Review
Canadian billionaire latest saviour of fallen Aussie tech pioneer
It's the 43-year-old tech stalwart that just won't die. NetComm Wireless, the company behind Australia's first dial-up modem, has been saved again, this time by a Canadian billionaire who's plucked it out of its second stint in administration in five years.
NetComm was headed for the scrapheap after its Nasdaq-listed owner, DZS, filed for bankruptcy in March, less than a year after buying it. The Texas-based DZS bought it for $US7 million from another defunct technology business, Casa Systems – which also went bankrupt – at a $US150 million discount.
