Flag Telecom buys US-based Yipes for $300mn

Flag Telecom, an Anil Dhirubhai Ambani Group company, has signed a definitive agreement to buy US-based Yipes Communcations for $300 million.

This was announced by Anil Ambani, chairman of the R-ADAG group in Mumbai a short while ago.Ambani said Flag will leverage its reach globally, and extend the reach of Yipes across the world.