EC greenlights PSINet Europe sale
PrintGo on then
Posted in Business, 2nd July 2002 13:06 GMT
Free whitepaper – PowerEdge energy Smart brochure
The sale of PSINet Europe to a consortium including ClearBlue Technologies, Israel Corporation and Infinity Holdings has been given the green light by the European Commission.
In May a US bankruptcy court gave its approval for the $9.5 million sale to go ahead after its parent, PSINet Inc decided to auction off the business.
Following the clearance of this hurdle R Scott Arnell is to step down as president and COO of PSINet Europe.
He will be replaced by Richard E Williams as PSINet Europe's new CEO.
Williams has worked in the telecommunications, computer and software industry for over 34 years and is the former founder, President and CEO of RSLCOM Europe Limited, part of Israel Corporation.
He also served as a founding Director of WorldCom (UK).
PSINet Europe generated revenues of around E180 million last year and boasts operations across 12 European countries. ®
Automating the Acquisition Process with Enterprise Level CRM
Enabling the Agile Data Center
10 Strategies for Choosing a Midmarket ERP Solution
Hosted CRM Can Be Your Secret Weapon to Success!
Checklist: Midmarket ERP Solutions
Dirty, dirty PCs: The X-rated picture guide
Top 500 supers - rise of the Linux quad-cores
Early adopters bloodied by Ubuntu's Karmic Koala
Sign up, sign up for The Register IT security newsletter