Reliance, UBS, Tradeshape, RTS, Xinhua, ITG
RELIANCE TO ACQUIRE YIPES
Indian-headquartered telecommunications provider Reliance Communications last week announced the acquisition of San Francisco-based managed Ethernet and application delivery services provider Yipes Holdings in an all-cash transaction valued at $300 million. Yipes will operate as part of Reliance's Flag Telecom, which provides network services in India, the Middle East and Asia. Yipes Ethernet services will be overlaid on Flag's network. Yipes' senior management will
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