PSINet UK promises it's still alive
Just the US that's in bankruptcy
Posted in e-Business, 5th June 2001 23:44 GMT
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Internet World Troubled ISP PSINet has sought to reassure customers that it's still operating in the UK.
Its stand at Internet World has been swamped by punters eager to find out how last week's decision to file for Chapter 11 bankruptcy protection will affect its operations in the rest of the world.
Despite the uncertainty, those on today's stand were bullish about the future.
Malcolm Johnston, director of strategy and marketing, told El Reg that the chapter 11 filing only affects PSINet's operation in North America.
He stressed that the European business was unaffected.
He said: "We are cash-flow positive and have enough to keep going and expand. We have no debt in the UK.
"Bucket-loads of people have been saying they they're glad we're here at Internet World," he said.
However, he did admit that PSINet had lost some customers because of the uncertainty about the business. ®
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