The 43-year-old company behind Australia’s first dial-up modem is close to a final shutdown after its Nasdaq-listed owner filed for bankruptcy less than a year after a last-ditch acquisition saved it from the scrapheap.

NetComm Wireless was once a well-known star of the local technology industry and powered most of the country’s internet connections in the early 1990s. Over the past decade, however, the modem and router maker has fallen in relevance and its market share has shrunk.