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PSINet Europe not included in PSINet Inc. Chapter 11 filing; PSINet Europe's focus remains the delivery of excellent customer service.
0 Comments | M2 Presswire, June, 2001
M2 PRESSWIRE-7 June 2001-PSINET: PSINet Europe not included in PSINet Inc. Chapter 11 filing; PSINet Europe's focus remains the delivery of excellent customer service (C)1994-2001 M2 COMMUNICATIONS LTD RDATE:07062001 Geneva -- PSINet Europe announces that its European subsidiaries are not part of the parent company's Chapter 11 filing under the US Bankruptcy Code and are separate legal entities.
The Company believes that these subsidiaries have sufficient resources to continue to invest in the growth of the European business. "Over the coming weeks, we will be refocusing our pan-European business by increasing the asset utilisation of both our Hosting Centres and our fibre network; as well as focusing our resources on what is needed to meet the...
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