reliance-to-purchase-yipes-in-the-us

Reliance to purchase Yipes in the US

In its largest acquisition so far, Reliance Communications pays $300 million for the US ethernet and application delivery services company.

By Sameera Anand

July 16, 2007

Anil AmbaniÆs Reliance Communications, India's second-largest mobile services provider, has announced that it will acquire US-based Yipes for $300 million cash.

Yipes provides ethernet and application delivery services to customers in mainly the financial, legal, government and healthcare industries. For example, Yipes is the leading direct communications provider to the New York Stock Exchange, Chicago Mercantile Exchange and Nasdaq, and inter-connects with multiple market participants and intermediaries.

Yipes was started in 1999 and today has around 1,000 clients including Verizon and NTT. It has a network of 22,000 kilometres of optic fibre across 14 metropolis cities in America and is also present in London, Hong Kong and Tokyo.

Ethernet is the fastest growing...

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