Fibernet suspends German/French networks
KPNQwest fallout
Posted in Music and Media, 27th June 2002 18:34 GMT
Increase your knowledge of the latest threats to your busines
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. ®
Increase your knowledge of the latest threats to your busines


The future of SaaS and IT infrastructure management
The Total Economic Impact of Dell's PC products and services
The best practices guide for application security
Reducing messaging and web security costs with managed services

Win a Samsung C6625!
Is your cameraphone an oxymoron?
Reg Mobile and Wireless newsletter is go! go! go!
Sign up, sign up for The Register IT security newsletter