KPN buys KPNQwest's transatlantic capacity
30 September 2002 -- Amsterdam-based telecoms group Royal KPN NV is buying the capacity that its bankrupt data services providing former joint venture KPNQwest possessed on the TAT 14 undersea cable link.
KPNQwest owned almost 8%, representing a current capacity of 50 Gigabit of the cable, which connects the Netherlands and the UK with the USA.
KPN took over the Dutch and German parts of KPNQwest's Euro rings network earlier this summer and the UK part in early September. KPN is also still holding talks about buying the network in Belgium.