Published on Tue, May 15, 2007 at 08:52 | Source : Moneycontrol.com
Updated at Tue, May 15, 2007 at 12:32
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YOU Telecom acquires IceNet in Gujarat
The Citigroup-owned Internet service provider, YOU Telecom, announced the acquisition of IceNet, the Ahmedabad-based Internet service provider for an undisclosed amount.
The Citigroup-owned Internet service provider, YOU Telecom, announced the acquisition of IceNet, the Ahmedabad-based Internet service provider for an undisclosed amount. The move comes close on the heels of the recommendations of the telecom regulator suggesting that district level ISP category licence should be done away with.
While YOU telecom is a national level ISP with over 1.5 lakh subscribers, IceNet offers services in a few cities in Gujarat. IceNet has about 3,500 Internet subscribers.
YOU Telecom said that the TRAI recommendations have begun the consolidation process in ISP industry. "National ISPs and telecom companies are eyeing regional players who have very good hold in their area of operations and are running profitable operations," said a press release.
Mr Chirag Mehta-promoted IceNet is Gujarat's largest registered ISP in the private sector primarily focussed on corporate sector and voice over Internet protocol solutions.
While YOU telecom is a national level ISP with over 1.5 lakh subscribers, IceNet offers services in a few cities in Gujarat. IceNet has about 3,500 Internet subscribers. 
