Yipes Becomes Reliance Globalcom

Yipes Enterprise Services Inc. said Wednesday its board has approved the change of the company's name to Reliance Globalcom.

The name change is part of the strategy to consolidate the global communications businesses of Reliance Communications into a single business group.

Yipes, an Ethernet services company recently acquired by Reliance Communications, will now represent the Enterprise business unit of Reliance Globalcom. Customers of Reliance Globalcom will continue to receive the managed Ethernet and application delivery services previously provided by Yipes.

Reliance Globalcom will deliver a data and voice services spanning enterprise, wholesale, managed services and consumer segments by leveraging FLAG's global telecom infrastructure and Yipes' expertise in plug-and-play Ethernet technology.

Reliance Communications closed its acquisition of Yipes in December for $300 million. Reliance Communications has committed an additional $200 million for expansion in the United States and other countries.

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