| Thursday, May 17, 2007 |
| You Telecom acquires IceNet |
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Just days after directives from TRAI to flush out inactive ISPs, You Telecom funded by Citigrouphas announced that it has acquired IceNet ISP in Gujarat. You Telecom is a National level Broadband ISP with 0.15 Million subscribers. IceNet which offered services using cable [just like Sify] had mere 3,500 subscribers.
Chirag Mehta of IceNet said,
I am very happy that Icenet is merging into a larger entity having a national footprint and larger resource pool. I am confident that IceNet and You Telecom will take the business to new heights. With the acquisition of IceNet, You Telecom get to establish its presence in Ahmedabad, Baroda and Rajkot. |
| Published on Thursday, May 17, 2007 at 4:32 AM |
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