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Reliance Comm buys US-based Yipes

Reliance Communications, India’s second-biggest mobile services provider, has signed an agreement to acquire US-based Yipes for $300 million. Reliance Communications, which competes with top mobile company Bharti Airtel and Vodafone-controlled Hutchison Essar in the world’s fastest growing mobile market, has more than 35 million subscribers, including fixed-line and Internet. Acquisition of Yipes — an ethernet

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