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Short Take: Qwest to buy EUnet International

Qwest Communications has announced that it will buy Netherlands-based Internet service provider EUnet International for about $154.4 million in stock and cash, giving it a foothold in the European data transmission market through EUnet's network of operating units in 13 countries. Qwest said it also will fund EUnet's purchase of a 50 percent stake in the German ISP X-Link.

Qwest Communications has announced that it will buy Netherlands-based Internet service provider EUnet International for about $154.4 million in stock and cash, giving it a foothold in the European data transmission market through EUnet's network of operating units in 13 countries. Qwest said it also will fund EUnet's purchase of a 50 percent stake in the German ISP X-Link.