Subject: [NEXTEL-1] Wireless Internet Provider Files Chapter 11

From: Marcelrf <[email-masked]>
Date: Tue, 09 Mar 2004 15:32:45 -0500

Wireless Internet Provider Files Chapter 11

Monet Mobile Networks filed for Chapter 11 and will cease offering
high-speed
wireless Internet service in early April. The company was founded in
1999 and
raised more than $80 million to build wireless Internet networks in
eight
Midwestern cities. Monet has 3,000 customers that pay $40 per month for
service. A lawyer for the company said 34 employees have been laid off,
and he
expects the company's assets to be sold as it is liquidated. (Source:
Washington Post)

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