Curtain Being Drawn on KPNQwest Network
The future of the KPNQwest network looks bleak, after the Customer Support
KPNQwest foundation decided to withdraw its support for the operation from
23.00 hours tonight.
The foundation was co-founded by Dutch carrier KPN NV to enable the bankrupt
network to continue operating while possible buyers were found. Yesterday KPN
said that much of the network had already been sold off and customers had found
alternative options. Consequently, traffic had dropped and "the foundation sees
no reason to continue supporting the network."
Dutch incumbent KPN added that "the receivers and banks have still not
responded positively to KPN's offer to take over the remaining sections of
rings 1,2 and 3 in of the KPNQwest network in Northwestern Europe". KPN added
that as far as it was aware, its offer was the only concrete one. It said,
"whether the Foundation's decision to stop support of the network leads to its
closure depends on the receivers and the banks."