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Madrid breaks contract with Gowex, studies legal action

Monday 7 July 2014 | 14:59 CET | News
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Madrid city council has torn up its contract with Spanish wireless internet services provider Gowex and will bring legal action if its investigations show that it falsified its accounts to secure lucrative Wi-Fi tenders. On 06 July Gowex announced that it would file for bankruptcy after its CEO and founder Jenaro Garcia admitted that he had falsified the company's accounts for at least the past four years. In response Madrid's mayor, Ana Botella, said that she had been taken aback by the news and that if Gowex had breached one of the basic bidding requirements – financial solvency – the

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