Liquidation for 3G Mobile as investment bids fail

MOBILE phone retailer 3G Mobile has gone into voluntary liquidation after attempts to secure new investment in the business failed.

Earlier this month, the chain confirmed the temporary closure of all its stores in Ireland. The company had 27 stores nationwide and employed 150 staff.

A statement from 3G Mobile chief executive Tony Boyle said the move was unavoidable, blaming extremely high rents and inflexible leases at a time of difficult economic conditions. The chain has stores in many leading shopping centres and prime city centre locations. Mr Boyle also said that, as a result of the liquidation, Ulster Bank had been asked to appoint a receiver to 3G Mobile’s distribution company Sigma Telecom, putting 115 jobs in jeopardy.