unwired - competitor to swt

This is an interesting read

http://www.smh.com.au/articles/2003/12/11/1071125590871.html

They have not got one single customer, no revenue and a new technology to convince people to use.

Unwired is going to be valued at 217mil !!!

They are raising $100mil.. They will spend a good chunk of this just installing their hardware etc

Shares oversubscribed. Obviously insto's are keen on the broadband segment as a whole.

I guess one good thing for Unwired is they will "own" the network and are not at the mercy of Telstra.