[lbo-talk] India's Reliance Comm buys U.S. ethernet firm Yipes

uvj at vsnl.com uvj at vsnl.com
Fri Sep 28 06:21:30 PDT 2007


Reuters.com

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



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