EDPnet, the small Belgian telecom operator, is in trouble and asks for protection against creditors.
EDPnet, an alternative telecom operator for Belgian consumers, has applied for creditor protection. Data News learned that the company already started the procedure on October 31. However, customers need not immediately fear for their internet connection: it will continue to work for the time being.
Although the NV requested protection against creditors, it does not appear that the telecom operator will go bankrupt. It was also confirmed to Data News that a buyer is not being sought. The procedure, which came into effect on October 31, provides a short-term protection against one or more claimants. The protection is therefore limited in time and ends on December 15. This indicates that they expect the storm to pass again at EDPnet.
EDPnet itself not bankrupt
Whether the storm will actually pass at the telecom operator remains to be seen. However, it only seems to trickle with the provider, especially in comparison with some other companies around the operator. It concerns the companies of Philip Deutz, who, in addition to EDPnet, also owns Clancy bv, EDP Admin bv, EDP Systems C and T nv and Talessa bv. When granting protection for EDPnet, these companies were all declared bankrupt. .
What that exactly means for the survival of the internet provider is still unclear. In principle, the companies are all separate from each other, although in practice this is not always the case. For example, some EDPnet servers are registered with another company. Moreover, most companies are registered at the same address in Sint-Niklaas. How and in what way this tangle will be untangled will largely determine how EDPnet can proceed.
Customers of the telecom operator have nothing to fear for the time being. They really shouldn’t notice the whole situation. Their internet access remains guaranteed.