Reliance Bags Yipes for $300M

Relianace buying Yipes

mbitious Indian operator Reliance Communications Ltd. has furthered its international operations by striking a 12 billion rupees (US$297 million) cash deal to buy Ethernet service provider Yipes Enterprise Services Inc. (See Reliance Acquires Yipes.)

Expect to see more startups and consolations of Metro Ethernet players. ;-)

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