EXHIBIT 99.1
PRESS RELEASE FRIDAY, SEPTEMBER 22, 2000 11:41:00 AM EST
AMSTERDAM, The Netherlands, Sep 22, 2000
(BUSINESS WIRE) -- Telecom Founders B.V., a
Dutch company and a shareholder of Versatel
Telecom International N.V. (Versatel), has
informed Versatel that it has decided to cancel
its function as administrator of depositary
receipts in Versatel. As a result, the
depositary receipts in Versatel issued by
Telecom Founders will be canceled and the
underlying shares will be held directly by the
"former depositary receipts holders", which
include officers and directors of Versatel.
About Versatel Telecom International N.V.
Versatel Telecom International N.V. based in
Amsterdam, is a rapidly growing,
facilities-based, competitive local access
broadband network operator focused on The
Netherlands, Belgium and Germany. Founded in
October 1995, the Company holds full
telecommunications licenses in The Netherlands,
Belgium and Germany and has over 42,500 business
customers and 1,400 employees. Versatel is
currently building a broadband network that will
use the latest network technology to provide
business customers with high bandwith voice,
data and Internet services. In addition to the
CLEC, Versatel group includes VersaPoint, a
50/50 joint venture with US-based NorthPoint
(www.northpoint.net), which is building a
pan-European high-speed DSL Internet access
network and Versatel Internet Group a
concentration of consumer and business ISPs,
portals, and hosting companies. Versatel is a
publicly traded company on the Amsterdam Stock
Exchanges and Nasdaq National Market under the
symbol "VRSA". News and information are
available at www.versatel.com.
Note to Editors: The Versatel brand is a
registered trademark of Versatel Telecom
International NV.
CONTACT: Versatel Telecom International
Mark Lazar
Vice President Investor Relations
Tel: +31-20-750-1079
E-mail: [email protected]
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