SkyWi may be selling, but Telekenex isn't buying

The SkyWi/Qwest saga just got stranger.  On February 4, the embittered VoIP/ISP said it was going to sell off its VoIP operations to California-based CLEC Telekenex.  Two days later, Telekenex issued a terse one paragraph statement saying that it had "discontinued its discussions."

More specifically, the release said-

"Telekenex today announced it has discontinued its discussions with SkyWi, Inc and One Connect IP. Telekenex is making this announcement because of press reports that Telekenex was in discussions concerning an acquisition of the companies."

Since SkyWi's earlier press release had a quote attributed to Telekenex's COO and founder saying Telekenex was excited about the opportunity to expand its customer base, this has got to have SkyWi customers wondering just what in the world is going on.  Customers were about ready to be sold off to a California firm, but that move would introduce other uncertainties in service during the transition.

Did someone jump the gun before final terms were worked out? Did Telekenex discover some sort of land mine during a due diligence process to make them run away screaming?  

If you've heard something, drop us an email.

For more:
- VoIP-News with a brief summary.

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