Thursday, May 20, 2004
Cometa Closing Up Shop
Posted by Janak Parekh in "NEWS" @ 10:15 AM
"Cometa Networks today announced that it will suspend operations within the coming weeks. While Cometa has demonstrated the attractiveness of the wholesale Wi-Fi model by securing relationships with premier brands in both the Service Provider and Retail Venue industries, Cometa is dependant on substantial external financial and strategic investor capital. However, the financial return for investors was not perceived to be sufficient to attract the necessary capital to achieve critical mass."
Cometa was known for rolling out a national Wi-Fi hotspot network. While Wi-Fi is great, it's still not proven that one can make a business model out of it. Does anyone have numbers on how T-Mobile is doing with their HotSpot service?
Cometa was known for rolling out a national Wi-Fi hotspot network. While Wi-Fi is great, it's still not proven that one can make a business model out of it. Does anyone have numbers on how T-Mobile is doing with their HotSpot service?
