Media house Bennet & Coleman has picked up 5 per cent stake in broadband company YOU Telecom India Pvt Ltd.
YOU Telecom is an investee company of Citigroup Venture Capital International Growth Partnership Mauritius Ltd.
Citigroup Venture Capital International Director PR Srinivasan said: "YOU Telecom is in the process of building the 'YOU' brand. Bennet & Coleman can add tremendous value to the YOU's branding efforts."
YOU Telecom, previously known as Iqara Telecoms, was promoted by British Gas. Citigroup Venture purchased Iqara Telecom in June 2006 in colloboration with Mike Kazma of Amzak International, a Latin American network operator.
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