You Telecom And Red Snapper Form Wireless Network JV: YouSnapper
By Nikhil Pahwa - Wed 16 Apr 2008 12:12 AM PST
YOU Telecom, an Internet Service Provider in which Citigroup Venture Capital has a majority stake, has formed a 50:50 joint venture with Red Snapper, a Malaysian wireless and VoIP service provider reports Business Standard.
RedSnapper has a Wide Area WiFi technology; the company is funded by the Malaysian Government. YouSnapper has already begun a pilot in Thane (Maharashtra). YouTele has around 17.5 lakh subscribers according to the report, and intends to expand operations from 12 to 26 cities in 18 months. At present, WiMax services are being piloted in India, with Tata Indicom, and BSNL has been announcing WiMax plans for the last decade (or something like that). GoBroadband lists a number of complaints regarding Tata Comm and Reliance WiMax services.
Posted in: Broadband, JV & Investment
