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KPNQwest Is Seeking Bankruptcy

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KPNQwest Is Seeking Bankruptcy
Topic: Economics 6:16 am EDT, May 24, 2002

KPNQwest N.V., the Dutch provider of data services, said today that it would file for protection from creditors and that it was in talks with rivals that could lead to a takeover of the company.

Analyst: "Who is going to buy them?"

KPNQwest: "The company continues to believe that there is substantial risk that there may be no underlying value to either its debt or equity securities."

KPNQwest Is Seeking Bankruptcy



 
 
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