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Home > Company Index > Telecommunications > Long Distance Carriers > Viatel, Inc.

Viatel, Inc.
Nasdaq: VYTQE
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 NEWS FROM THE STANDARD
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
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
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
May 02, 2001 - LAYOFF TRACKER
350 laid off
Description: Filing for Chapter 11 protection.

More LAYOFF NEWS

 STOCK ANALYSIS
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FURTHER ANALYSIS
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 FINANCIAL OVERVIEW
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
• Michael J. Mahoney
    CEO
• Allan L. Shaw
    CFO

 CONTACT INFO
685 Third Ave.
New York, NY 10017
US
Phone: 212-350-9200
Fax: 212-350-9250
Online: Web Site

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