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Europeans Flip for Ethernet Services: Page 4 of 4

Storm Telecom was another early market entrant that couldn't find enough early business. It went into receivership in February 2002, and its wholesale voice business was picked up on the cheap just a few weeks later (see WaveCrest Acquires Storm Telecom).

In London, both 51° and Urband Ltd. ended up on the scrapheap when their investors pulled the plug. The Urband URL is now up for sale ($700).

— Ray Le Maistre, International Editor, Boardwatch