PSINet Europe has operations in 12 European countries and generated revenues of E180 million last year.
European Commission approves sale of PSINet Europe
The European Commission has given the go ahead for the proposed $9.5 million sale of PSINet Europe to a consortium led by ClearBlue Technologies, Israel Corporation and Infinity Holdings. A US bankruptcy court had originally given the sale the go ahead in May of this year after PSINet had decided to auction off its European subsidiary.
