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February 08, 2016 2:27 AM ET

Diversified Telecommunication Services

Company Overview of KPNQwest N.V.

Company Overview

KPNQwest N.V. provides fiber optic data communication and hosting services. It offers carrier and corporate networking solutions, as well as hosting, multimedia, and Internet services to European businesses through its fiber optic network, the EuroRings. The company was formerly known as Kpnqwest Nv Cl C and changed its name to KPNQwest N.V. in March 2001. KPNQwest N.V. was founded in 1998 and is based in The Hague, the Netherlands. As of May 31, 2002, KPNQwest N.V. is in reorganization.

Maanplein 55

The Hague,  2516 CK

Netherlands

Founded in 1998

42,976 Employees

Phone:

31 70 343 4343

Fax:

31 70 332 4485

Key Executives for KPNQwest N.V.

KPNQwest N.V. does not have any Key Executives recorded.

KPNQwest N.V. Key Developments

SEC Revokes Registration Of Registered Securities Of KPNQwest

An Administrative Law Judge has issued an Initial Decision of Default as to KPNQwest N.V. The Initial Decision found that the company was issuer of securities registered pursuant to Section 12(g) of the Securities Exchange Act of 1934 (Exchange Act), and the company failed to comply with Section 13(a) of the Exchange Act and Exchange Act Rules 13a-1 and/or 13a-13 by not filing required periodic reports with the Securities and Exchange Commission (SEC). The Initial Decision finds these allegations to be true and revokes the registration of each class of the company’s registered securities, pursuant to Section 12(j) of the Securities Exchange Act of 1934.

SEC Orders Hearings On Registration Suspension Or Revocation Against KPNQwest For Failure To Make Required Periodic Filings

Securities and Exchange Commission (SEC or the commission) instituted public administrative proceeding to determine whether to revoke or suspend for a period not exceeding twelve months the registration of each class of the securities of KPNQwest NV for failure to make required periodic filings with the Commission. In this Order, the Division of Enforcement (Division) alleges that the company was delinquent in its required periodic filings with the Commission. In this proceeding, instituted pursuant to Exchange Act Section 12(j), a hearing will be scheduled before an Administrative Law Judge. At the hearing, the judge will hear evidence from the Division and the company to determine whether the allegations of the Division contained in the Order, which the Division alleges constitute failures to comply with Exchange Act Section 13(a) and Rules 13a-1 and 13a-13 there under, are true. The judge in the proceeding will then determine whether the registrations pursuant to Exchange Act Section 12 of each class of the securities of the company should be revoked or suspended for a period not exceeding twelve months. The Commission ordered that the Administrative Law Judge in this proceeding issue an initial decision not later than 120 days from the date of service of the order instituting proceeding.

Qwest Communications International Inc., Koninklijke KPN N.V., and KPNQwest N.V. Enter into Definitive Settlement Agreement

On February 18, 2014, Qwest Communications International Inc. together with Koninklijke KPN N.V. and a number of individual affiliates of KPNQwest N.V., entered into a definitive settlement agreement with the trustees in the KPNQwest Dutch bankruptcy proceeding. In connection with Qwest's previously-announced preliminary oral settlement of this proceeding in October 2013, CenturyLink accrued a reserve that fully covers its payment under the definitive settlement agreement. Pursuant to the settlement agreement, Qwest paid approximately $235 million based on the exchange rate on December 31, 2013 to the KPNQwest bankruptcy estate on February 20, 2014. This settlement resolves all claims under the 2010 lawsuit filed by the Trustees against Qwest, KPN and others.

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