UPDATE: KPNQwest files for bankruptcy protection
Business Internet services company KPNQwest NV filed for protection from creditors on Thursday as it continues to work with banks and advisors to find funding alternatives, it said in a statement.
"It is business as usual and we will continue serving our customers. This is a pure financial matter, we have to deal with our debt," said KPNQwest spokesman Koen van Zijl.
KPNQwest's debt is estimated by analysts to be about