Feeds

Fibernet suspends German/French networks

KPNQwest fallout

  • alert
  • submit to reddit

The essential guide to IT transformation

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. ®

Gartner critical capabilities for enterprise endpoint backup

More from The Register

next story
6 Obvious Reasons Why Facebook Will Ban This Article (Thank God)
Clampdown on clickbait ... and El Reg is OK with this
Mozilla's 'Tiles' ads debut in new Firefox nightlies
You can try turning them off and on again
No, thank you. I will not code for the Caliphate
Some assignments, even the Bongster decline must
Barnes & Noble: Swallow a Samsung Nook tablet, please ... pretty please
Novelslab finally on sale with ($199 - $20) price tag
Banking apps: Handy, can grab all your money... and RIDDLED with coding flaws
Yep, that one place you'd hoped you wouldn't find 'em
TROLL SLAYER Google grabs $1.3 MEEELLION in patent counter-suit
Chocolate Factory hits back at firm for suing customers
Primetime precrime? Minority Report TV series 'being developed'
I have to know. I have to find out what happened to my life
Netflix swallows yet another bitter pill, inks peering deal with TWC
Net neutrality crusader once again pays up for priority access
prev story

Whitepapers

Top 10 endpoint backup mistakes
Avoid the ten endpoint backup mistakes to ensure that your critical corporate data is protected and end user productivity is improved.
Implementing global e-invoicing with guaranteed legal certainty
Explaining the role local tax compliance plays in successful supply chain management and e-business and how leading global brands are addressing this.
Backing up distributed data
Eliminating the redundant use of bandwidth and storage capacity and application consolidation in the modern data center.
The essential guide to IT transformation
ServiceNow discusses three IT transformations that can help CIOs automate IT services to transform IT and the enterprise
Next gen security for virtualised datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.