| | Business Summary | | Viatel,
Inc.
is
the
builder-operator-owner
of
pan-European,
trans-Atlantic
and
metropolitan
fiber-optic
networks
and
a
provider
of
advanced
telecommunications
products
and
services,
including
bandwidth,
to
corporations,
carriers,
Internet
service
providers,
applications
service
providers
and
storage
network
providers
in
Europe
and
North
America.
Its
European
network
is
a
fresh
dig,
multi-conduit,
continuously
upgradeable
fiber-optic
network,
with
international
gateways
in
New
York
City
and
London.
The
Company
has
full
public
telecommunications
operator
licenses
in
nine
Western
European
countries,
Canada
and
the
United
States,
and
interconnection
agreements
with
the
incumbent
telecommunications
provider
in
each
of
these
countries.
The
Company
provides
products
and
services
in
three
categories:
basic
services,
advanced
services
and
capacity
sales.
On
May
2,
2001,
Viatel
and
all
of
its
United
States
subsidiaries
filed
for
Chapter
11
protection
with
the
United
States
Bankruptcy
Court. | | More
from
Market Guide: Expanded
Business Description |
| | Financial Summary | | Viatel
offers
its
customers
a
wide
range
of
voice
and
data
services
over
a
single
integrated
network.
For
the
fiscal
year
ended
12/31/00,
revenues
totaled
$749.5
million,
up
from
$333.1
million.
Net
loss
applicable
to
Common
totaled
$1.57
billion,
up
from
$219.2
million.
Revenues
reflect
increased
billable
minutes
and
higher
capacity
sales.
Net
loss
reflects
the
inclusion
of
a
higher
restructuring
and
impairment
charge
($900
million,
up
from
$13.2
million)
and
an
increased
interest
expense. | | More
from
Market Guide: Significant
Developments |
| | Officers | | | FY2000
Compensation | | Pay | Exer | |
| Michael Mahoney, 42
Chairman,
CEO | $9.4M | $7.4M | William Murphy, 46
Pres,
Director | 3.2M | -- | Allan Shaw, 37
CFO,
Director | -- | -- | Lawrence Malone, 49
Exec.
VP, Managing Director Broadband | 3.2M | 4.6M | James Prenetta, 38
Sr.
VP, Gen. Counsel, Sec. | -- | -- | | Dollar
amounts are as of 31-Dec-2000 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.; "Exer" is the value of options excercised during the fiscal year. |
| More
from
Market Guide on Officers & Directors:
Expanded
List, Bios,
Compensation,
Options
|
|
