Reaction of 2,4‐bis(phenyl)‐1,3‐diselenadiphosphetane‐2,4‐diselenide (Woollins' reagent) with four equivalents of primary/secondary amines led to a series of ammonium phenylphosphonamido‐diselenoates or phenylphosphonamido‐diselenoic diamides 1a–n, the latter further reacted in situ with either two equivalents of haloalkanes or an equimolar amount of dihaloalkane, resulting in formation of the corresponding Se‐alkylphenyl‐Se‐alkylphenyl‐phosphonamidodiselenoates 2a–n and alkane bis(N‐alkyl‐P‐phenylphosphonamido‐diselenoate) derivatives 3a–n in good to excellent yields. All new compounds have been characterized spectroscopically including multinuclear NMR (1H, 13C, 31P and 77Se), IR and mass spectroscopy. Two representative X‐ray structures are also described.