Reliance Communications [RCOM] has acquired privately held leading provider of managed Ethernet and application delivery services for the global enterprise – Yipes Enterprise Services. RCOM is shelling out $300 Million for the acquisition in an all cash deal. Yipes was funded by JP Morgan Chase, Norwest Venture Partners, Sprout and Crosslink Capital.
Anil D. Ambani, Chiarman Reliance Communications said,
This is the largest acquisition that Reliance Communications has ever made. The acquisition of Yipes drives forward our strategy to offer the most sophisticated, cutting edge data communication products and services, specialising in application and content distribution, spanning developed and emerging markets. We see enormous potential to rapidly expand Yipes coverage in the US and to globalise Yipes service by leveraging our customer relationships and network reach around the globe. We confidently expect this acquisition to significantly enhance the growth rate, profitability and returns of our global data business.
Yipes will be acquired through RCOM’s subsidiary – Flag Telecom. Flag Telecom owns the largest IP Network in the world and its business will complement that of Yipes making it the best strategic Buy for Rcom. Yipes owns 22,000 route kilometres of fibre across 14 US metros, which covers around 40% of the total US datacom market. With the acquisition of Yipes, RCOM will accelerate its penetration into the lucrative $ 100 billion global enterprise data market and will be better able to serve its international customers directly in the US. Key senior management at Yipes have committed to remain with the company. Reliance has plans to list Flag Telecom on the London Stock Exchange.
Tags: Reliance, Telecom, Yipes, Enterprise Networking, Optical Networks
Have space open or roof top to rent for construction of Communications tower at Tenali-522201,Guntur District,Andhra Pradesh
Respected Sir,
i will submit application for five to six times for broadband connections
in pune region . My office is at sinhagad road area near to big bazzar of sinhagad road But wired line connection wiring will be already done as per your EDP is already having capacity said as per contractor mr. Prakash Pawar but your office technician is not given responce fo that connection
connectivity mr.sunil lakhunde is the technician . so that given me connection as early as possible .