BROADWORKS

Written by Anthony Casey on March 15, 2010. Posted in News Round up

Creditors’ meetings will take place this week for Broadworks Communications and its parent firm, BWC Investments, which had deals with property developers to lay fibre-optic cabling in new developments.The entrepreneurs behind the companies – Samir Naji and Pat Alley – both look set to lose out as a result of the collapse, The Sunday Business Post reports.

Naji is the founder and former chief executive of the Horizon technology group, which was sold for €100m, while Alley founded and ran Advanced Environmental Solutions before selling out of that business. Alley and other investors bought Broadworks in 2005 for €1.5m.

Tags: liquidation