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Home > Company Index > Telecommunications > Long Distance Carriers > Viatel, Inc.
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Viatel, Inc. |
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NEWS FROM THE STANDARD |
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Getting High On the Street
Jul 02 2001 12:00 AM PDT
PSINet Files for Chapter 11
Jun 01 2001 09:44 AM PDT
PROFILE |
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Sailing on the winds of deregulation, Viatel is trying to pull away from the fleet of former European state telecom monopolies. The company provides long-distance voice and data transport services in 10 European countries over its fiber-optic network. Viatel has traditionally supplied voice circuits and wholesale capacity to other carriers, but it's shifting its focus to high-growth data services such as broadband Internet access and data transport via Internet protocol, frame relay, and ATM (asynchronous transfer mode). Burdened by debt, Viatel has missed payment deadlines, cut more than 40% of its workforce, and filed for bankruptcy protection.
DEALS |
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Deal: Viatel Purchases AT&T UK Subsidiary
Date Announced: 03.01.00
Value of transaction (US $Mil): 0
Description: Viatel buys AT&T's UK subsidiary to expand its presence in Europe.
TRACKERS |
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May 02, 2001 - LAYOFF TRACKER
350 laid off
Description: Filing for Chapter 11 protection.
> More LAYOFF NEWS
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STOCK ANALYSIS |
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FURTHER ANALYSIS
Advanced Charting
Deals
FINANCIAL OVERVIEW |
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Fiscal Year-End: December
2000 Sales (mil.): 749.50
1-Yr. Sales Growth: 125.0%
Employees: 2,058
Revenue per employee: $364,188.53
KEY PEOPLE |
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Michael J. Mahoney
CEO
Allan L. Shaw
CFO
CONTACT INFO |
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685 Third Ave.
New York, NY 10017
US
Phone: 212-350-9200
Fax: 212-350-9250
Online: Web Site
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Hoover's Company Capsule
Copyright © 2001, Hoover's Inc. Austin, Texas.
For changes and updates, contact Hoover's directly.
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