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KPNQwest collapse shakes European Internet
News KPNQwest collapse hands future back to big players KPNQwest loses its grip on data KPNQwest network granted more time Wed 12 Jun: Thanks to the extra time granted by liquidators, investment bank Bear Stearns has three weeks to find a buyer for...
[June 11, 2002, 16:08]
KPNQwest could face Enron-style investigation
News Analysts are calling for an investigation into the business dealings of bankrupt network provider KPNQwest. Jack (McMaster, KPNQwest chief executive) must have lied to the banks in March to get a credit facility," said Bert Siebrand, senior analyst...
[June 10, 2002, 17:10]
KPNQwest network nears closure as legal battle looms
News The epic bankruptcy saga of KPNQwest became still more entangled on Monday as banks joined the clamour for an investigation of the service providers' accounts. KPNQwest's network, which carries a quarter of Europe's Internet traffic, remains live...
[June 24, 2002, 12:36]
KPNQwest collapse threatens Europe's Net
News Updated:KPNQwest filed for bankruptcy on Friday after failing to raise funds to keep its European datacommunications network running as heavy debt and low revenues brought an end to the former investor darling.
[May 31, 2002, 12:53]
KPNQwest confusion continues
News Ebone, a part of the bankrupt KPNQwest network, was reported to have been partially turned off on Tuesday morning. We hope to announce a sale of part of the KPNQwest network today," said a source close to the sale process.
[July 2, 2002, 13:09]
KPNQwest shutdown averted yet again
News Just hours before a deadline set by former KPNQwest staff, liquidators for the bankrupt service provider reached an agreement that should see the network kept online -- albeit only till the liquidators' own deadline of 30 June.
[June 14, 2002, 17:43]
KPNQwest's Ebone operators are ready to go it alone
News The operators at KPNQwest's Ebone operations centre in Hoeilaart, Belgium are ready to carry on working independently again if, at the end of June, administrators have not found a buyer for their network.
[June 17, 2002, 16:34]
KPNQwest struggles back after shutdown - but for how long?
News Early Wednesday evening, one of Europe's largest Internet backbones, KPNQwest, was switched off, but it is now coming back online, according to operators. Central European Time, 50 percent of the network was back online, and it will all be working...
[July 25, 2002, 10:46]
KPNQwest set for breakup as AT&T pulls out
News KPNQwest moved one step closer to being broken up on Thursday, after US service provider AT&T backed out of a bid to buy the complete network. Contracts are being sent out for individual parts of the network such as Ebone, a recently purchased and...
[June 28, 2002, 8:48]
KPNQwest loses its grip on data
News An Internet performance-monitoring company says KPNQwest's fibre-optic network has been losing track of the data it delivers at "alarming rates" since Friday. Since early Friday, KPNQwest's networks have been losing an average of 4 to 5 percent of...
[June 13, 2002, 11:46]
KPNQwest network remains up while customers leave
News After a nail-biting day, KPNQwest has arranged to keep its network live, although the holding company is officially bankrupt and virtually all its subsidiaries, including the UK, have filed for bankruptcy protection.
[May 31, 2002, 17:59]
KPNQwest collapse hands future back to big players
News Whatever the outcome of the KPNQwest bankruptcy, the telecoms landscape in Europe will have changed for good, according to analysts, and the competitors who are scrambling to snap up the company's customers.
[June 12, 2002, 16:10]
KPNQwest network granted more time
News Investment bank Bear Stearns has just under three weeks to find a buyer for the KPNQwest network, after an increased offer from shareholders KPN allowed the liquidators to keep the network running. Long term, KPNQwest is just a blip," said...
[June 12, 2002, 11:34]
KPNQwest administrators let deadline pass
News A second deadline for receiving funds to keep KPNQwest's fibre-optic network running was allowed to pass on Tuesday with no news, while rumours surrounded the bankrupt telco. KPNQwest administrators' deadline of mid-day Tuesday passed without any...
[June 11, 2002, 16:56]
KPNQwest could be tainted by alleged Ebone fraud
News While bankrupt pan-European service provider KPNQwest's network hangs in the balance, more bad news is emerging from Ebone, the network it purchased earlier this year. Ninety-five disgruntled shareholders have launched legal proceedings against the...
[June 11, 2002, 16:48]
KPNQwest: Still no goal in extra time
News KPNQwest customers are having to wait until the last minute to find if the network will be closed down today or kept operational for another two months. The largest shareholder and one of the founders of KPNQwest, KPN Telecom, has still to pay a...
[June 11, 2002, 10:56]
KPNQwest funding deadline looms
News The network of bankrupt KPNQwest received a one-day reprieve on Monday, as administrators extended their deadline for receiving cash to keep the operation running. KPNQwest runs Europe's largest fibre-optic network, carrying one-quarter of the...
[June 10, 2002, 17:14]
Banks and administrators fight over KPNQwest scraps
News The KPNQwest saga hit a new and farcical low on Friday, as the Dutch courts backed the refusal of the banks in the case to hand over cash collected by the administrators expressly to run the network till the end of June.
[June 24, 2002, 8:25]
Cash crunch threatens KPNQwest
News Liquidators for the bankrupt service provider KPNQwest have still not received money promised by customers last week. The most likely laggard is the Dutch telco, KPN, which owes substantial sums to KPNQwest, and pledged a reported 8.8m euros.
[June 18, 2002, 17:42]
KPN buys UK leg of KPNQwest
News Dutch telecoms group KPN has agreed to buy the British assets of its failed networking joint venture KPNQwest. The KPNQwest network, once valued at 42bn euros, went bankrupt earlier this year and was eventually shut down in July.
[September 13, 2002, 15:48]
