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Interoute future in doubt
Receivers called in
Thu 21 Nov 2002 //
15:31 UTC
The future of one of Europe's largest fibre-optic networks looks uncertain following the appointment of administrative receivers at pan-European corporate telco Interoute.
The outfit owns and operates some 18,000km of fibre connecting 45 cities across nine European countries.
It seems that along with other companies in the sector, the telco has experienced trading difficulties due to "lower than anticipated demand".
According to a statement, the appointment of receivers Deloitte & Touche has been done to assess whether a buyer for the network can be found.
In July, Interoute purchased the principle assets of KPNQwest’s Ebone network following the collapse of the company. ®
Biting the hand that feeds IT
