=============================================================================

                                  UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             Washington D.C.  20549


                                    FORM 8-K


                                 CURRENT REPORT
     Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934


       Date of Report (Date of earliest event reported): January 24, 2003


                 CYBERNET INTERNET SERVICES INTERNATIONAL, INC.
             (Exact name of Registrant as specified in its charter)


                                    DELAWARE
                            (State of Incorporation)


            000-25677                                    51-0384117
     (Commission File Number)               (I.R.S. Employer Identification No.)



                            1620 - 400 Burrard Street
                   Vancouver, British Columbia  V6C 3A6, Canada
                        (Address of Registrant's office)


                                 (604) 683-5767
              (Registrant's telephone number, including area code)


=============================================================================





ITEM  5.   OTHER EVENTS AND REGULATION FD DISCLOSURE.

Cybernet Internet Services International, Inc. (the "Registrant") announces that
on  Friday, January 24, 2003, it made its semi-annual interest payment which was
due January 2, 2003 for its 14% Senior Notes due 2009.  Pursuant to the terms of
the  Senior  Notes,  the  Registrant  had 30 days to make the requisite payment,
prior  to  it  constituting  an  event  of  default.





                                   SIGNATURES


Pursuant  to  the  requirements  of  the  Securities  Exchange  Act of 1934, the
Registrant  has  duly  caused  this  report  to  be  signed on its behalf by the
undersigned  hereunto  duly  authorized.




                                                     CYBERNET INTERNET SERVICES
                                                     INTERNATIONAL, INC.

                                                     /s/ Michael J. Smith
                                                     ---------------------------
                                                     Michael  J.  Smith
                                                     President


Date:   January  24,  2003