KPNQwest collapse shakes European Internet

Europe's largest fibre-optic network, carrying one-quarter of the region's IP traffic, faces shutdown amid bankruptcy and accusations of shady business practices. A ZDNet UK News Focus

KPNQwest collapse hands future back to big players
Wed 12 Jun: The future belongs to the big, old telcos, as well as national and regional service providers NEWS:
KPNQwest loses its grip on data
Thu 13 Jun: The bankrupt network company is beginning to lose track of the data its fibre-optic network is supposed to be delivering KPNQwest network granted more time
Wed 12 Jun: Thanks to the extra time granted by liquidators, investment bank Bear Stearns has three weeks to find a buyer for KPNQwest's network KPNQwest administrators let deadline pass
Tue 11 Jun: At the close of business on Tuesday, the KPNQwest deadline had passed with no announcement, while leading customers continued to pull out KPNQwest could be tainted by alleged Ebone fraud
Tue 11 Jun: KPNQwest's recent purchase of Ebone involved corruption at GTS, says a lawsuit, as the company's bankruptcy drama continues KPNQwest: Still no goal in extra time
Tue 11 Jun: The KPNQwest drama continues to the last minute, as customers wait for a lunchtime announcement on its future KPNQwest funding deadline looms
Mon 10 Jun: Administrators give KPNQwest customers until midday on Tuesday to attempt to keep Europe's largest fibre-optic network running - but analysts advise caution before companies pay their bills KPNQwest could face Enron-style investigation
Mon 10 Jun: KPNQwest management should face a grilling over their 'lies', say analysts German company bids for KPNQwest data centre
Mon 10 Jun: 1&1 Internet says it will bid for a major KPNQwest data centre in Karlsruhe, which, incidentally, houses a competitor's servers PREVIOUS COVERAGE:
KPNQwest network remains up while customers leave
Fri 31 May: A skeleton team will keep KPNQwest running till its customers have alternative services. The company no longer expects to be sold KPNQwest collapse threatens Europe's Net
Fri 31 May: KPNQwest, which carries a quarter of IP traffic in Europe, looks likely to shut down today, taking its network and a large chunk of bandwidth with it
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