KPNQwest network set to be sold piecemeal
Bankrupt KPNQwest NV's fiber-optic network, Europe's largest, will likely be sold in pieces after a bid for the company's whole network was rejected on Friday.
The news spells trouble for customers that use KPNQwest's international services and have not yet switched to competing carriers, as even KPNQwest advised its clients to do. Also, the sale in pieces, basically dark fiber with no business, will bring in less money for creditors than a sale of the complete network and a running business, experts said.
Little-known Dutch investment group Trimoteur Holding BV said it was the only group offering to buy the whole network and had bid