Interoute Acquires Ebone Assets From KPNQwest Subsidiaries in Receivership.Business Editors Interoute, one of Europe's largest and most densely connected fibre-optic networks, has purchased the principle 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 deep·en tr. & intr.v. deep·ened, deep·en·ing, deep·ens To make or become deep or deeper. Noun 1. deepening - a process of becoming deeper and more profound our network presence and connectivity in key European cities, but also enhances our ability to provide value added network (networking) Value Added Network - (VAN) A privately owned network that provides a specific service, such as legal research or access to a specialised database, for a fee. A Value Added Network usually offers some service or information that is not readily available on public services and solutions," said James Kinsella, Executive Chairman, Interoute. "It also allows us to continue to support customers still using the Ebone network infrastructure". About Interoute Founded in 1995, Interoute (www.interoute.com) is a pan-European telecommunications company See telecom company. with established operations in 9 European countries (Austria, Belgium, France, Germany, Italy, Netherlands, Spain, Switzerland and the UK). Interoute's fibre-optic network connects 45 cities in 9 countries throughout Europe. The company also operates MANs in Amsterdam, Frankfurt, London, Madrid, Milan, Paris, Rome, Zurich and Vienna. Its product portfolio includes optical network services (dark fibre, wavelengths, SDH (Synchronous Digital Hierarchy) The European counterpart to SONET. See SONET. SDH - Synchronous Digital Hierarchy and co-location), Internet services (Internet access See how to access the Internet. and managed application hosting), MPLS VPNs MPLS VPN is a family of methods for harnessing the power of Multiprotocol Label Switching (MPLS) to create Virtual Private Networks (VPNs). MPLS is well suited to the task as it provides traffic isolation and differentiation without substantial overhead. and communications services (carrier services and business communications). Customers include other carriers, network operators, Internet and application service providers, and e-commerce companies. A privately held company privately held company A firm whose shares are held within a relatively small circle of owners and are not traded publicly. , Interoute is owned by a number of internationally based shareholders, the largest and major shareholder being the Sandoz Family Foundation (www.sandozfondation.ch), one of the world's largest private family foundations. |
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