Feeds

KPNQwest sale sought urgently

40+ bids

  • alert
  • submit to reddit

SANS - Survey on application security programs

ComputerWire: IT Industry Intelligence

Liquidators of bankrupt carrier KPNQwest NV are now mulling over 40 bids for all or part of the 25,000 km network under pressure to come up with a quick decision.

AT&T Corp remains favorite to buy up the network and while a team from the company has investigated details of its asserts it has stayed silent over its plans. However, an assorted collection of carriers and investment groups have disclosed ambitions to buy the company.

UK-based pan-European telco Interoute Telecommunications Ltd, which has completed a $1.2bn pan-European fiber-optic network, confirmed that it had put in a bid for the rings around major Western European cities. Chairman Jim Kinsella said he was in daily negotiations for the metropolitan rings with KPNQwest's bankers.

A consortium headed by Dutch venture fund Trimoteur said it had put in a "comprehensive" offer for the network with speculation in the Netherlands suggesting its bid is worth "a few hundred million euros".

Urgency has crept into the situation because the French administrator may sell the local assets separately, and Swedish carrier Telia AB is understood to have put in a bid of around 10m euros ($9.9m). However, sale of the French assets would leave a hole in the network that would make the remaining assets less attractive so the Dutch administrators are trying to conclude a quick deal.

© ComputerWire

3 Big data security analytics techniques

More from The Register

next story
Dropbox defends fantastically badly timed Condoleezza Rice appointment
'Nothing is going to change with Dr. Rice's appointment,' file sharer promises
Audio fans, prepare yourself for the Second Coming ... of Blu-ray
High Fidelity Pure Audio – is this what your ears have been waiting for?
MtGox chief Karpelès refuses to come to US for g-men's grilling
Bitcoin baron says he needs another lawyer for FinCEN chat
Record labels sue Pandora over vintage song royalties
Companies want payout on recordings made before 1972
Zucker punched: Google gobbles Facebook-wooed Titan Aerospace
Up, up and away in my beautiful balloon flying broadband-bot
Apple DOMINATES the Valley, rakes in more profit than Google, HP, Intel, Cisco COMBINED
Cook & Co. also pay more taxes than those four worthies PLUS eBay and Oracle
Number crunching suggests Yahoo! US is worth less than nothing
China and Japan holdings worth more than entire company
prev story

Whitepapers

Securing web applications made simple and scalable
In this whitepaper learn how automated security testing can provide a simple and scalable way to protect your web applications.
3 Big data security analytics techniques
Applying these Big Data security analytics techniques can help you make your business safer by detecting attacks early, before significant damage is done.
The benefits of software based PBX
Why you should break free from your proprietary PBX and how to leverage your existing server hardware.
Top three mobile application threats
Learn about three of the top mobile application security threats facing businesses today and recommendations on how to mitigate the risk.
Combat fraud and increase customer satisfaction
Based on their experience using HP ArcSight Enterprise Security Manager for IT security operations, Finansbank moved to HP ArcSight ESM for fraud management.