Citigroup owned broadband service provider YOU Telecom on Saturday said it has acquired Ahmedabad-based digital internet service provider IceNet.
"We are pleased about this development as it will help us consolidate our reach in Ahmedabad, Baroda and Rajkot. IceNet has got a strong presence in these cities, which merges well with YOU's business strategy," YOU Telecom E V S Chakravarthy said in a release.
The acquisition would further help YOU Telecom's ambition of providing next generation broadband applications, it said.
"I am confident that IceNet and YOU Telecom together will take this business to new heights," IceNet CEO and Managing Director Chirag Mehta said in the release.
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