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KPNQwest Files for Bankruptcy

Posted by ryuzaki0 on from the ride-the-light dept.

ives writes "Today KPNQwest filed for bankruptcy. KPNQwest owns the most important fibre backbone in Europe. Apparently they are not planning on switching off their network, but without maintenance it will probably slowly degrade. The official press release can be found here."

8 of 189 comments (clear)

  1. no backbone? by Anonymous Coward · · Score: 2, Funny

    Does that mean they're spineless?

    bah-dum ching!

  2. Obvious answor by Graspee_Leemoor · · Score: 4, Funny

    They should sell the network on ebay. I bid $1!

    graspee

  3. Re:I'm not sure that's such a great plan by L.+VeGas · · Score: 4, Funny

    They have a really, really big UPS.

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  4. backbones going bust by Anonymous Coward · · Score: 2, Funny

    We need companies with thick spines to own the internet backbones - we don't want them to break!

  5. Re:The new Dark Fiber problem.... by Chris+Mattern · · Score: 5, Funny

    If only you knew the power of the Dark Fiber...

    Chris Mattern

  6. Re:US Buyout? by zangdesign · · Score: 3, Funny

    Yeah, but then we could say

    "All your wireless-base belong to U.S."

    OK, it was lame. Just don't throw any lutefisk.

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  7. Re:I'm not sure that's such a great plan by Luyseyal · · Score: 4, Funny

    Yeah, they found the instructions on slashdot.
    -l

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  8. Investment Insight by Anonymous Coward · · Score: 5, Funny

    Currently circulating in Holland - translated:

    If you bought 1000 euro of Nortel Networks stock last year, today you'd have 59 euro.

    If you bought 1000 euro of KPNQwest stock in January 2000, today you'd have 12.50 euro.

    If you bought 1000 euro of Alcatel stock in January 2000, today you'd have 170 euro.

    If you bought 1000 euro of L & H stock in January 2000, today you'd have 170 euro CENTS.

    But if you spent 1000 euro last year on full crates of Heineken, and drank it all, today you'd have 380 euro of (bottle) deposit money.

    Moral of the story: the most economically responsible solution is to sit on the couch all day watching soccer on TV with a beer in your hand.