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Cometa Closes Doors After Disappointing Wi-Fi Rollout
Posted: 20-May-2004 [Source: AP via Yahoo]

[Cometa Networks to close its doors following failed attempt to rollout 20,000 Wi-Fi hotspots in the US.]

By Rachel Konrad, San Francisco -- "Cometa attracted marquee investors and media attention in late 2002, when it began selling "Wi-Fi" access to cafes, bookstores and Internet service providers.

Telecommunications executives thought Cometa's business strategy was savvy: Cometa would equip buildings with wireless access, while corporate customers would shoulder costs for marketing, support, billing and other complexities.

But as Cometa looked to expand, Hellebust said, potential investors told the company the return on the capital would be insufficient."

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