Breathe.com, the UK’s number four ISP with 600,000 subscribers, collapsed over the weekend as it failed to procure a second round of funding.
Breathe’s failure, the latest disaster to hit the dotcom world, follows the withdrawal of its unmetered internet access offer earlier this month, a move which may still land the company with a £2.5 million compensation bill.
PriceWaterhouseCoopers, now administrator to Breathe, stated: “We will continue to trade the company while seeking to sell it as a going concern. We are actively looking for interested parties to maximise realisations and secure the future for Breathe.com. There are no job losses anticipated at present”.
News source: Financial Times