YOU Telecom Buys IceNet

Indian cable broadband operator YOU Telecom acquires Internet and VOIP service provider IceNet

May 15, 2007

1 Min Read

MUMBAI, India -- Citigroup-owned YOU Telecom, the ISO 9000:2001 accredited broadband service provider, has today announced the acquisition of IceNet, the Ahmedabad-based digital internet service provider. Close on the heels of TRAI’s recommendations on new broadband and ISP regime, consolidation process in ISP industry has begun. National ISPs and Telecom companies are eyeing regional players who have very good hold in their area of operations and are running profitable operations.

Mr Chirag Mehta promoted IceNet is India’s first and Gujarat’s largest registered ISP in the private sector with strong hold on corporate sector and VoIP solutions. YOU Telecom has the state-of the art technology powered by High breed Fibre Coaxial cable network, which creates a strong platform to explore existing synergies between the companies.

“I am very happy that IceNet is merging in to a larger entity having national footprint and larger resource pool. I am confident that IceNet and YOU Telecom together will take this business to new heights “says Chirag Mehta CEO & Managing Director of IceNet

Speaking on the sidelines of the acquisition Mr. E.V.S. Chakravarthy, CEO, YOU Telecom said, “We are pleased about this development as it will help us consolidate our reach in Ahmedabad, Baroda and Rajkot. IceNet has got a strong presence in these cities, which merges well with YOU’s business strategy. In addition to that all IceNet subscribers will now migrate on YOU network thereby increasing our subscriber base. Most importantly our last mile service will be enhanced to a greater level.”

With YOU Telecom focused on providing next generation broadband applications, the acquisition will further help YOU Telecom’s triple play ambitions as IceNet is a strong player in the VoIP space, primarily data and voice.

YOU Telecom

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