Millions of European Internet users could face a slowdown in service after KPNQwest’s announcement that it could shut down its data network next week. KPNQwest’s network handles approximately half of Europe’s Internet traffic. Some of the Europe’s biggest ISP’s could be hit hard by any network shutdown. Companies such as AOL currently use KPNQwest’s network.
KPNQwest announced its bankruptcy last week. Administrators for the company have stated that they plan to close the company’s network on Monday, unless it receives all the money it is owed by customers. Any money received will be used to keep the network running until the end of the month, giving KPNQwest’s customers time to transfer to alternative network operators.
In a bid to try to remedy the situation, Royal KPN, one of KPNQwest’s parent companies, is rumoured to have agreed a deal to transfer 30 multinational customers from KPNQwest’s network to the Colt Telecom’s network.