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| This page contains all of the posts and discussion on MemeStreams referencing the following web page: KPNQwest to be broken up | Financial Times. You can find discussions on MemeStreams as you surf the web, even if you aren't a MemeStreams member, using the Threads Bookmarklet. |
| KPNQwest to be broken up | Financial Times by Jeremy at 9:20 pm EDT, Jun 28, 2002 | |||
KPNQwest will be broken up and parts of it sold as early as this weekend. AT&T walked away from making a bid amidst the prospect of filing for bankruptcy in 10 jurisdictions. It's bad news for creditors, who are now unlikely to realize any remaining value. Customers also worry whether the network can remain operational. "We have three days to sell what was once a €40bn telecoms empire." KPNQwest owns Europe's largest data network, spanning 18 European countries and connecting 60 cities. It went bust amid losses which it blamed on a slump in demand for capacity. It's one bright, shiny share of KPNQwest for you if you can guess the identity of their auditor. | |||
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