You have to ask why the assets where bought by IAB for $17m and...

You have to ask why the assets where bought by IAB for $17m and sold for $5.7m a relatively short time later, and that’s not including the losses generated in the meantime. IIRC Anittel is an ict services business with significant manpower onshore competing with off shored competition, while host works ran on people not systems and with those people gone, struggled. It’s easy to shell out cash to buy an asset, the hard part is managing the acquisition and getting synergies. Suddenly getting 200 staff is a big ask to manage.