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Interoute Acquires Ebone Assets From KPNQwest
2002-07-15 admin
Interoute, one of Europe's largest and most densely connected fibre-optic networks, has purchased the main assets of KPNQwest's Ebone network.
The move dramatically increases Interoute's network reach, and propels Interoute into the first rank of European telecommunication providers.
Under the terms of the agreement with KPNQwest's Dublin-based receivers,
McStay Luby, Interoute gains full ownership and control of high-capacity metropolitan area networks (MANs) in eight major European cities including Paris, Frankfurt, Madrid, Zurich, London, Vienna, Milan and Amsterdam.
Interoute has also acquired backbone infrastructure connecting Munich to Vienna, Turin to Milan, and Frankfurt to Strasbourg. The financial terms of the deal were not disclosed.
"Acquiring Ebone's assets not only provides us with an opportunity to accelerate our strategy of deepening our network presence and
connectivity in key European cities, but also enhances our ability to provide value added network services and solutions," says James Kinsella, Executive Chairman, Interoute.
"It also allows us to continue to support customers still using the Ebone network infrastructure."
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