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Wireless

Gowex to change auditor to confirm accounts

Thursday 3 July 2014 | 09:17 CET | News
Spanish wireless internet services provider Gowex has confirmed the veracity of its accounts and pledged to hire new auditors after the publication of a critical report from US research firm Gotham City Research. The report posted on Gotham's website accused Gowex of overstating its sales and operations, while questioning the competence of its managers. Gowex's shares plunged a further 26 percent on 02 July, following the 46 percent drop in value the previous day. In a statement Gowex confirmed its revenue reporting, saying that in 2013 it achieved revenues of EUR 182.6 million, equity of EUR

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Categories: Mobile & Wireless / Mobile & Wireless
Companies: Gowex
Countries: Spain
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