0
Wireless

Gowex trading suspended as regulator probes Gotham report

Thursday 3 July 2014 | 14:50 CET | News
Trading in Spanish wireless internet services provider Gowex has been suspended to give Spain's stock market regulator CNMV time to investigate possible "market abuse" following the publication of a critical report from US research firm Gotham City Research. Shares in Gowex (the full corporate name of which is Let's Gowex SA) fell around 60 percent in two days after the report posted on Gotham's website accused the company of overstating its sales and operations, claiming that its real value is "zero". Trading has been suspended until Gowex responds to the CNMV's request to "submit a plan,

Thank you for visiting Telecompaper

Sign up below to get access to the rest of this article and all the telecom news you need.

  • Register free and gain access to even more articles from Telecompaper. Register here
  • Subscribe and get unlimited access to Telecompaper’s full coverage, with a customised choice of news, commentary, research and alerts.

Subscriptions

Already registered?



Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Categories: Mobile & Wireless / Mobile & Wireless
Companies: Gowex
Countries: Spain
::: add a comment

Add comment

Please login or register to leave a comment.

We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the Telecompaper website, they in no way represent the opinion of Telecompaper.


Related

Gowex begins bankruptcy in view of "imminent insolvency"

Published 14 Jul 2014 14:43 CET | Spain
Spanish wireless internet services provider Gowex, which initially announced its intention to file for bankruptcy on 06 July, has ...

Gowex given EUR 5.4 mln loans from Spain's industry ministry

Published 09 Jul 2014 16:37 CET | Spain
Spain's industry ministry allocated around EUR 1.4 million in grants and EUR 5.4 million in loans to wireless internet services ...

Telekom considers replacing Gowex - report

Published 08 Jul 2014 10:06 CET | Germany
Deutsche Telekom is weighing up the possibility of finding a new Wi-Fi partner to replace Spanish wireless internet services ...

Madrid breaks contract with Gowex, studies legal action

Published 07 Jul 2014 14:59 CET | Spain
Madrid city council has torn up its contract with Spanish wireless internet services provider Gowex and will bring legal action ...

Gowex goes bankrupt after CEO admits falsifying accounts

Published 07 Jul 2014 08:12 CET | Spain
Spanish wireless internet services provider Gowex is to file for bankruptcy after its CEO and founder Jenaro Garcia admitted that ...

Gowex to change auditor to confirm accounts

Published 03 Jul 2014 09:17 CET | Spain
Spanish wireless internet services provider Gowex has confirmed the veracity of its accounts and pledged to hire new auditors ...

Gowex to take action against critical Gotham City report

Published 02 Jul 2014 09:08 CET | Spain
Spanish wireless internet services provider Gowex has pledged to take legal action against US research firm Gotham City Research, ...

Gowex, Atltanteam launch free Wi-Fi in Carrieres, Enghien

Published 25 Jun 2014 14:57 CET | France
Spanish hotspot network operator Gowex has reached an agreement with Atlanteam to offer free Wi-Fi internet connection in major ...

Gowex, Cisco join forces to develop smart city projects

Published 18 Jun 2014 15:22 CET | Spain
Spanish wireless internet services provider Gowex has signed an agreement with Cisco to promote comprehensive smart Wi-Fi ...

BIST taps Gowex for WiFi services on buses across Europe

Published 13 Jun 2014 10:13 CET | Europe
Spanish wireless internet services provider Gowex has signed an agreement with Booking Integral de Servicios Turisticos (BIST), ...

Gowex deploys WiFi project with Mall Plaza in LatAm

Published 05 Jun 2014 15:13 CET | Chile
Spanish wireless internet services provider Gowex has signed an agreement with Chilean shopping center chain Plaza. Under the ...

Gowex brings free Wi-Fi service to Newcastle and Gateshead

Published 29 May 2014 09:41 CET | United Kingdom
Spanish wireless internet services provider Gowex has reached an agreement with Newcastle and Gateshead city councils to extend ...

Gowex next brings free Wi-Fi to Mons in Belgium

Published 22 May 2014 13:42 CET | Belgium
Wireless internet services provider Gowex has announced it will next bring its free Wi-Fi network to Mons, after signing an ...

Gowex launches free Wi-Fi hotspots in Chicago

Published 20 May 2014 14:55 CET | United States
Gowex has announced it will offer free Wi-Fi connections in Chicago as of 20 May via its network of more than 450 free Wi-Fi ...

Gowex sets up new 'Wi-Fi squares' in Madrid

Published 16 May 2014 14:56 CET | Spain
Spanish wireless internet services provider Gowex has extended the free Wi-Fi service launched last year in Madrid's main public ...

Gowex to offer free Wi-Fi at Madrid metro stations

Published 14 May 2014 10:50 CET | Spain
Spanish wireless internet services provider Gowex has reached an agreement with Madrid's regional transport consortium to set up ...

Gowex appoints General Manager for UK, Ireland

Published 08 May 2014 11:03 CET | United Kingdom
Spanish Wi-Fi hotspot operator Gowex has appointed Philip Brown as General Manager for the UK and Ireland. The appointment fits ...

Gowex starts Wireless Smart City project in DAFZA

Published 24 Apr 2014 12:49 CET | United Arab Emirates
Spanish Wi-Fi hotspot operator Gowex and the Dubai Airport Freezone Authority (Dafza), a free economic zone in Dubai, have signed ...

Gowex launches free Wi-Fi service in Miami

Published 24 Apr 2014 12:37 CET | World
Spanish Wi-Fi hotspot operator Gowex will start offering its Free Wi-Fi service in Miami. The 5.5 million people at Miami's ...

Pujol appointed CEO of Gowex North America

Published 23 Apr 2014 10:10 CET | North America
Gowex announced the recent appointment of Carlos Pujol, former CEO for Cemusa USA, recently acquired by JCDecaux, as new CEO of ...

Gowex expands free Wi-Fi network to Meco

Published 01 Apr 2014 15:35 CET | Spain
Spanish Wi-Fi services provider Gowex has signed an agreement with the city council of Meco on the outskirts of Madrid to set up ...

Gowex revenues rise 60% to EUR 182.8 mln in 2013

Published 20 Mar 2014 09:56 CET | Spain
Spanish Wi-Fi services provider Gowex reported revenues of EUR 182.8 million in 2013, a 60 percent increase over last year's ...





Calendar   /   Industry Events

10 May Ceva Q1 2021
10 May Weibo Q1 2021
10 May Boingo Wireless Q1 2021
10 May Synchronoss Q1
10 May NortonLifeLock fiscal Q4, investors day
10 May 8x8 fiscal Q4 results
11 May Magyar Telekom Q1 2021
11 May Radcom Q1 2021
11 May Vizio Q1 2021
11 May Sonim Q1 2021
11 May Telefonica Brasil Q1 2021
11 May Allot Q1 2021
11 May Softbank FY results
11 May United Internet Q1 2021
11 May Lattice Semiconductor investor day
11 May Small Cells World Summit
12 May Airtel Africa Q1 2021
12 May Mediaset Q1 2021
12 May NEC FY results
12 May Telefonica Deutschland Q1 2021
12 May Deutsche Telekom Q1 2021
12 May Bredband2 Q1 2021
12 May Syn Q1 results 2021
12 May OTE Q1 2021
12 May Lumentum fiscal Q3
13 May Inwit Q1 2021
13 May Telefonica Q1 2021
13 May Poly fiscal Q4
13 May Alibaba Group Q1
13 May DZS investors day
::: More Calendar Items