The acclaimed but expensive Ricochet high-speed wireless data network built by Metricom Inc. may be getting a second chance courtesy of Aerie Networks, a privately held, Denver-based fiber-optic broadband start up.
Aerie is in negotiations with Metricom to buy Metricom’s equipment in New York, New Jersey, Connecticut, Washington, California and Colorado, representing about half of Metricom’s network. Aerie declined to comment on the deal, but according to a CNET report, Metricom attorney Margaret Sheneman told a bankruptcy judge in San Jose, Calif., on Aug. 31 that Metricom had entered into the negotiations with Aerie, and since then, Metricom has confirmed its involvement, but said there is not a set deal at this time. Further financial details of the negotiations were not disclosed.
Aerie would create a new division, called Ricochet Holding Co., which would act as the wireless broadband network’s owner, according to Sheneman.
Metricom officially ceased operations Aug. 8.
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