UPDATE 2-India's Reliance Comm buys U.S. ethernet firm Yipes http://www.reuters.com/article/mergersNews/idUSBOM1381420070716?sp=true
Mon Jul 16, 2007
(Adds detail, shares)
By Devidutta Tripathy
MUMBAI, July 16 (Reuters) - Reliance Communications Ltd. (RLCM.BO: Quote, Profile, Research), India's second-biggest mobile services provider, said on Monday it was buying U.S.-based Yipes Holdings Inc. for $300 million cash, the latest in a wave of foreign buys by Indian firms. http://www.reuters.com/article/mergersNews/idUSBOM1381420070716?sp=true