Karuturi Networks Acquires Delhi-based ISP Business
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[May 21, 2007]

Karuturi Networks Acquires Delhi-based ISP Business

TMCnet Contributing Editor
 
Wholesale bandwidth supplier Karuturi Networks has acquired a 100 per cent stake in Delhi-based internet service provider (ISP) Estel Communications for an undisclosed sum.
 
In a communiqué to BSE (Bombay Stock Exchange), the company has stated that the acquisition is jointly promoted by a NASDAQ-listed firm and Delhi-based Networks which will expand into several locations across the country.
 
The release added that Estel focuses on providing end-to-end network solutions to several corporations in the IT and ITeS sectors (BPO, call centers) and has presence in Delhi, Noida, Gurgaon, Mumbai, Bangalore and Hyderabad.
 
The company has also developed and deployed various SMS-based business applications for sales, marketing, finance, CRM, Supply Chain Management (SCM) and HR functions.
 
"This acquisition attains significance as it helps expand the client base and provide a major boost to the company's Internet Services and Network business," Karuturi said in a statement.
 
This move will contribute significantly to the revenues and bottom line of the company starting from the second half of this financial year, Internet services company Karuturi Networks added.
 
Pradip Bhatacharya is a contributing writer for TMCnet.
 
Don't forget to check out TMCnet’s White Paper (News - Alert) Library, which provides a selection of in-depth information on relevant topics affecting the IP Communications industry. The library offers white papers, case studies and other documents which are free to registered users.


 
 



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