NetComm Wireless has been granted a three-month extension to its convening period for its second creditors meeting after entering voluntary administration in March.
The company, known for its pivotal role in the development of 5G and IoT infrastructure in Australia, continues its operations under the supervision of administrators Kate Conneely and Rahul Goyal of Cor Cordis.
“We are continuing to trade the business and are grateful for the support from all employees, customers and suppliers,” Conneely said in an email to SmartCompany.
Cor Cordis also confirmed that there are multiple parties interested in purchasing the business that are currently undertaking due diligence.
Last week the administrators obtained a three-month extension to the convening period to July 17, 2024.
“The extension was sought to allow us sufficient time to complete a sale and…
