Japan`s KDDI to take 50% stake in top Bangladeshi ISP
Fri, November 13 2009 15:03 | 1136 Views
KDDI will purchase all shares to be issued by bracNet in a private placement for roughly 800 million yen (US$8.85 million) and convert the firm into an equity-method unit.
The acquisition is expected to be completed in January. BracNet was established in 1996 jointly by a U.S. investment fund and a Bangladeshi nongovernmental organization.
It has been building a network based on the WiMAX wireless data communications technology and operating 110 stores that offer Internet access for a fee.
Source:
Business in Asia Today - Nov 14, 2009
published by http://www.asiapulse.com
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