WishX Posted July 30, 2002 Share Posted July 30, 2002 KPN buys part of KPNQwest network By Reuters July 30, 2002, 9:00 AM PT http://news.com.com/2100-1033-947174.html?tag=cd_mh Dutch phone company KPN snapped up a central part of the data network owned by bankrupt KPNQwest and said on Tuesday that it was in talks to buy other remains of the fallen joint venture. KPN, which along with troubled U.S. phone operator Qwest Communications set up KPNQwest only three years ago, agreed to buy the Dutch part of what was once Europe's largest data network and a data center based at The Hague for "a couple million euros," it said. The sale underlines the failure of the court-appointed liquidators to attract any significant offers for the once mighty "Eurorings" network, with most remaining players hurting from falling prices caused by a huge capacity glut. Several interested groups, including U.S. giant AT&T, once considered paying nearly $200 million for the entire KPNQwest network, but were frightened away by legal questions, a trail of unpaid vendor bills and the shear complexity of the liquidation process. "The discussion with the banks and the local administrators with regard to the bid for the other parts of the Eurorings in Germany, Belgium and the United Kingdom will continue," KPN said in a statement. A KPN spokesman said the company expected the talks to conclude in a couple of weeks. The deal gives KPN control over the data center that holds a lot of the equipment monitoring the Dutch network for a fraction of its original cost and keeps competitors away from its home market. "It may also be cheaper for KPN to buy parts of KPNQwest's network that are enmeshed into its own network instead of trying to patch it up again," one London-based telecommunications analyst said. Many of KPN's largest clients, including Dutch flag air carrier KLM and brewer Heineken, used KPNQwest's network extensively before the company was declared bankrupt two months ago. Link to comment Share on other sites More sharing options...
Steven P. Administrators Posted July 30, 2002 Administrators Share Posted July 30, 2002 KPN management are the biggest bunch of tossers in Holland Link to comment Share on other sites More sharing options...
me101 Veteran Posted July 30, 2002 Veteran Share Posted July 30, 2002 are you allowed to say tossers... Link to comment Share on other sites More sharing options...
WishX Posted July 30, 2002 Author Share Posted July 30, 2002 You can say tossers here in the States... :p Can you say gob****e or knackers too? Again, can in the States. edit: I see s-h-i-t-e is out. ;) Link to comment Share on other sites More sharing options...
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