Feeds

Fibernet suspends German/French networks

KPNQwest fallout

  • alert
  • submit to reddit

Top 5 reasons to deploy VMware with Tegile

Fibernet - the high-speed data communications company - has suspended its German and French national networks following the collapse of KPNQwest.

KPNQwest's fibre network forms more than 80 per cent of Fibernet's network infrastructure in Europe, but with the collapse of the pan-European company, Fibernet has had to rethink its strategy.

In a statement today the company said: "Having examined our potential to replace KPNQwest assets in these territories, Fibernet does not believe that the current economic conditions justify such additional capital expenditure at this time."

As a result, Fibernet has decided to write down the value of its assets by around £75 million. It claims this will lead to cost savings of £9 million a year.

Fibernet will, however, maintain the operation of its metropolitan services in Frankfurt.

An unspecified number of jobs will be lost as part of the closure of its German and French networks. ®

Intelligent flash storage arrays

More from The Register

next story
Bladerunner sequel might actually be good. Harrison Ford is in it
Go ahead, you're all clear, kid... Sorry, wrong film
Euro Parliament VOTES to BREAK UP GOOGLE. Er, OK then
It CANNA do it, captain.They DON'T have the POWER!
Musicians sue UK.gov over 'zero pay' copyright fix
Everyone else in Europe compensates us - why can't you?
I'll be back (and forward): Hollywood's time travel tribulations
Quick, call the Time Cops to sort out this paradox!
Megaupload overlord Kim Dotcom: The US HAS RADICALISED ME!
Now my lawyers have bailed 'cos I'm 'OFFICIALLY' BROKE
Forget Hillary, HP's ex CARLY FIORINA 'wants to be next US Prez'
Former CEO has political ambitions again, according to Washington DC sources
prev story

Whitepapers

Free virtual appliance for wire data analytics
The ExtraHop Discovery Edition is a free virtual appliance will help you to discover the performance of your applications across the network, web, VDI, database, and storage tiers.
Forging a new future with identity relationship management
Learn about ForgeRock's next generation IRM platform and how it is designed to empower CEOS's and enterprises to engage with consumers.
How to determine if cloud backup is right for your servers
Two key factors, technical feasibility and TCO economics, that backup and IT operations managers should consider when assessing cloud backup.
High Performance for All
While HPC is not new, it has traditionally been seen as a specialist area – is it now geared up to meet more mainstream requirements?
Business security measures using SSL
Examines the major types of threats to information security that businesses face today and the techniques for mitigating those threats.