##### 



EXHIBIT 8

SUBSIDIARIES

As of December 31, 2001, we owned, directly
or indirectly, the following subsidiaries:

|                                                                                |  |               |                 |               |  |  |      | 
|------------------------------------------------------------------------------- |  | ------------- | --------------- | ------------- |  |  | ---- | 
|                                                                                |  | Country of    |                 | Percentage of
|Name                                                                            |  | Incorporation |                 | Ownership    
|                                                                                |  |               |                 |              
|Versatel Telecom Europe B.V.                                                    |  |               | The Netherlands |               |  |  | 100% | 
|Versatel Telecom Netherlands B.V.                                               |  |               | The Netherlands |               |  |  | 100% | 
|Versatel Belgium N.V.                                                           |  |               | Belgium         |               |  |  | 100% | 
|BizzTel Telematica B.V.                                                         |  |               | The Netherlands |               |  |  | 100% | 
|CS Net B.V.                                                                     |  |               | The Netherlands |               |  |  | 100% | 
|CS Engineering B.V.                                                             |  |               | The Netherlands |               |  |  | 100% | 
|7-Klapper Beheer B.V.                                                           |  |               | The Netherlands |               |  |  | 100% | 
|Vuurwerk Internet B.V.                                                          |  |               | The Netherlands |               |  |  | 100% | 
|Vuurwerk Access B.V.                                                            |  |               | The Netherlands |               |  |  | 100% | 
|Itinera Services N.V.                                                           |  |               | Belgium         |               |  |  | 100% | 
|Svianed B.V.                                                                    |  |               | The Netherlands |               |  |  | 100% | 
|Versatel Deutschland Holding GmbH                                               |  |               | Germany         |               |  |  | 100% | 
|Versatel Deutschland Verwaltungs GmbH                                           |  |               | Germany         |               |  |  | 100% | 
|Versatel Deutschland GmbH & Co.KG                                               |  |               | Germany         |               |  |  | 100% | 
|KomTel Gessellschaft für Kommunikations und
	Informationsdienste mbH (KomTel) |  |               | Germany         |               |  |  | 80%  | 
|KomTel Service GmbH                                                             |  |               | Germany         |               |  |  | 100% | 
|Klavertel N.V.                                                                  |  |               | Belgium         |               |  |  | 100% | 
|Compath N.V.                                                                    |  |               | Belgium         |               |  |  | 100% | 
|MMDI N.V.                                                                       |  |               | Belgium         |               |  |  | 100% | 
|Versatel Internet Group N.V.                                                    |  |               | The Netherlands |               |  |  | 100% | 
|Zon Nederland N.V.                                                              |  |               | The Netherlands |               |  |  | 92%  | 
|Versatel Internet Group Belgium N.V.                                            |  |               | Belgium         |               |  |  | 100% | 
|Versatel 3G N.V.                                                                |  |               | The Netherlands |               |  |  | 100% | 
|Versapoint N.V.                                                                 |  |               | The Netherlands |               |  |  | 100% | 
|Versapoint GmbH                                                                 |  |               | Germany         |               |  |  | 100% | 
|Versapoint Private Ltd.                                                         |  |               | United Kingdom  |               |  |  | 100% | 
|Versapoint B.V.                                                                 |  |               | The Netherlands |               |  |  | 100% | 
|Versapoint N.V.                                                                 |  |               | Belgium         |               |  |  | 100% | 
|Versapoint S.A.                                                                 |  |               | France          |               |  |  | 100% | 

As of December 31, 2001, we (directly or
indirectly) owned the following investments:

|                                                |  |                 |  |               |     | 
|----------------------------------------------- |  | --------------- |  | ------------- | --- | 
|                                                |  | Country of      |  | Percentage of
|Name                                            |  | Incorporation   |  | Ownership    
|                                                |  |                 |  |              
|Internet Ventures Group B.V. (Hot Orange)       |  | The Netherlands |  |               | 9%  | 
|Cedron B.V. (formerly known as Consumerdesk)    |  | The Netherlands |  |               | 5%  | 
|DOKOM Gesellschaft für Telekommunikation mbH    |  | Germany         |  |               | 10% | 
|RuhrNET Gesellschaft für Telekommunikation
	mbH |  | Germany         |  |               | 24% | 
|BORnet GmbH                                     |  | Germany         |  |               | 5%  | 



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##### 



Effective January 1, 2002, a legal merger
took place within the Versatel group in The Netherlands, As of
the date of this Annual Report, we own, directly or indirectly,
the following subsidiaries.

|                                                                                |  |                 |  |               |      | 
|------------------------------------------------------------------------------- |  | --------------- |  | ------------- | ---- | 
|                                                                                |  | Country of      |  | Percentage of
|Name                                                                            |  | Incorporation   |  | Ownership    
|                                                                                |  |                 |  |              
|Versatel Nederland B.V.                                                         |  | The Netherlands |  |               | 100% | 
|Versatel Belgium N.V.                                                           |  | Belgium         |  |               | 100% | 
|BizzTel Telematica B.V.                                                         |  | The Netherlands |  |               | 100% | 
|CS Net B.V.                                                                     |  | The Netherlands |  |               | 100% | 
|CS Engineering B.V.                                                             |  | The Netherlands |  |               | 100% | 
|ITinera Services N.V.                                                           |  | Belgium         |  |               | 100% | 
|Versatel Deutschland Holding GmbH                                               |  | Germany         |  |               | 100% | 
|Versatel Deutschland Verwaltungs GmbH                                           |  | Germany         |  |               | 100% | 
|Versatel Deutschland GmbH & Co.KG                                               |  | Germany         |  |               | 100% | 
|KomTel Gessellschaft für Kommunikations und
	Informationsdienste mbH (KomTel) |  | Germany         |  |               | 82%  | 
|KomTel Service GmbH                                                             |  | Germany         |  |               | 100% | 
|Klavertel N.V.                                                                  |  | Belgium         |  |               | 100% | 
|Compath N.V.                                                                    |  | Belgium         |  |               | 100% | 
|MMDI N.V.                                                                       |  | Belgium         |  |               | 100% | 
|Versatel Internet Group N.V.                                                    |  | The Netherlands |  |               | 100% | 
|Zon Nederland N.V.                                                              |  | The Netherlands |  |               | 92%  | 
|Versatel Internet Group Belgium N.V.                                            |  | Belgium         |  |               | 100% | 
|Versatel 3G N.V.                                                                |  | The Netherlands |  |               | 100% | 
|Versapoint N.V.                                                                 |  | The Netherlands |  |               | 100% | 
|Versapoint GmbH                                                                 |  | Germany         |  |               | 100% | 
|Versapoint Private Ltd.                                                         |  | United Kingdom  |  |               | 100% | 
|Versapoint B.V.                                                                 |  | The Netherlands |  |               | 100% | 
|Versapoint N.V.                                                                 |  | Belgium         |  |               | 100% | 
|Versapoint S.A.                                                                 |  | France          |  |               | 100% |