Axell Wireless has been put into administration by its owner Rcapital after a buyer for the company could not be found, Financial Times reports, citing two unidentified people with direct knowledge of the process.
- Alvarez & Marsal has been appointed administrator to Axell Wireless
- About three-quarters of the company’s workforce of 125 have been cut this week as a result of the administration
- Rcapital and Alvarez & Marsal declined to comment on the administration process to FT
- NOTE: May 19,
Advent International Mulls Sale of Axell Wireless: Sky
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