A spokesperson has confirmed to ZDNet Australia that the telco, which offers dial-up Internet, ADSL broadband, mobile phones and international calling cards, is continuing to operate under voluntary administration, and will issue a statement tomorrow after a creditors meeting.
Broadband users site Whirlpool reports Green Communications has been forced into voluntary administration by Optus, and the likely cause of the dispute is the calling card division. Although this division reportedly turns over AU$24 million annually, margins in the industry are as lows as 10-15 percent.
Green Communications (known as Apple Communications until November 2002 when litigation by Apple Computers encouraged it to change its name) is a retail provider of telecommunications that employs around 60 people in Australia.
The company, operating since 1999, also has offices in New Zealand and Hong Kong.
Well we didn't need a seeing eye dog to predict this one.
The bounced cheques and lies about payment to their technical services subcontractors should have been a hint.
Burn in hell, and stop signing contracts over drunken lunches.
Anyone for OneTel?