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Reliance Buys Yipes for $300M

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NAVI MUMBAI, India , July 16, 2007 -- Reliance Communications Ltd., India's second largest telecommunications company, said today it is acquiring San Francisco-based Yipes Holdings Inc., a provider of managed Ethernet services, for $300 million in cash. Reliance Communications said the acquisition, through an affiliate, is its largest to date. Yipes will operate as a strategic business unit, fully integrated strategically and operationally within Reliance's Flag Telecom. Yipes' key senior manager have committed to remain with the business and will continue with their present responsibilities, the company said. Yipes owns...Read full article

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    Published: July 2007
    Glossary
    photonics
    The technology of generating and harnessing light and other forms of radiant energy whose quantum unit is the photon. The science includes light emission, transmission, deflection, amplification and detection by optical components and instruments, lasers and other light sources, fiber optics, electro-optical instrumentation, related hardware and electronics, and sophisticated systems. The range of applications of photonics extends from energy generation to detection to communications and...
    CommunicationsEtherenet servicesfiber opticsFlag TelecomNews & FeaturesphotonicsReliance CommunicationsYipesYipes Holdings

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