Feeds

AT&T ‘pulls plans’ to buy KPNQwest

Carrier to be broken up

  • alert
  • submit to reddit

Beginner's guide to SSL certificates

AT&T has ditched plans to buy KPNQwest leaving those running the collapsed company little option but to break-up the pan-European telecom network, according to the FT.

The paper claims the break-up and sale of KPNQwest could begin as early as this weekend.

AT&T's decision to call the whole thing off was blamed on the devilishly difficult task of organising the sale in the short time available.

An insider told the FT: "We have three days to sell what was once a E40 billion telecoms empire."

AT&T was regarded as the front runner in the bid to buy the bankrupt carrier. Now the liquidators will have to sift through more than 40 bids to find buyers for the 25,000 km network business.

UK-based pan-European telco Interoute Telecommunications Ltd and a consortium headed by Dutch venture fund Trimoteur have placed bids for parts of the network.

Anyhow, funds to keep the network limping on are due to run out today. Another day, another deadline. ®

Related Stories

KPNQwest sale sought urgently

Providing a secure and efficient Helpdesk

More from The Register

next story
Facebook pays INFINITELY MORE UK corp tax than in 2012
Thanks for the £3k, Zuck. Doh! you're IN CREDIT. Guess not
DOUBLE BONK: Testy fanbois catch Apple Pay picking pockets
Users wail as tapcash transactions are duplicated
Happiness economics is bollocks. Oh, UK.gov just adopted it? Er ...
Opportunity doesn't knock; it costs us instead
Google Glassholes are UNDATEABLE – HP exec
You need an emotional connection, says touchy-feely MD... We can do that
YARR! Pirates walk the plank: DMCA magnets sink in Google results
Spaffing copyrighted stuff over the web? No search ranking for you
prev story

Whitepapers

Why cloud backup?
Combining the latest advancements in disk-based backup with secure, integrated, cloud technologies offer organizations fast and assured recovery of their critical enterprise data.
A strategic approach to identity relationship management
ForgeRock commissioned Forrester to evaluate companies’ IAM practices and requirements when it comes to customer-facing scenarios versus employee-facing ones.
Security for virtualized datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.
Reg Reader Research: SaaS based Email and Office Productivity Tools
Read this Reg reader report which provides advice and guidance for SMBs towards the use of SaaS based email and Office productivity tools.
New hybrid storage solutions
Tackling data challenges through emerging hybrid storage solutions that enable optimum database performance whilst managing costs and increasingly large data stores.