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Short Take: Qwest, KPN close European venture

Qwest Communications International and Dutch telecommunications company KPN have finalized their European joint venture called KPNQwest. The new company said it expects to raise approximately $800 million of debt to complete construction of the final four of six planned fiber optic rings in its network. The venture is building a 9,100-mile fiber optic network in Europe by 2001.

Qwest Communications International and Dutch telecommunications company KPN have finalized their European joint venture called KPNQwest. The new company said it expects to raise approximately $800 million of debt to complete construction of the final four of six planned fiber optic rings in its network. The venture is building a 9,100-mile fiber optic network in Europe by 2001.

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