Monday, July 16, 2007

UPDATE 1-India's Reliance Comm buys Yipes for $300 million

(Reuters) - Yipes, a provider of managed ethernet and application
delivery services, offered Reliance an opportunity to tap a
fast-growing market, Chairman Anil Ambani told a news
conference.




"Yipes will accelerate Reliance's entry into the $90
billion global market for enterprise and institutional data
services," he said after announcing the all-cash deal.


Read more at Reuters.com Mergers News

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