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Our Bureau

Chennai , April 6

The Chennai-based Teledata Informatics Ltd has acquired an 80 per cent stake in the London-based I-Max Networks, provider of telecommunication carrier service.

I-Max is a distributor of products in the areas of voice over the Internet Protocol and broadband wireless.

A Teledata official, declining to give a value of the acquisition, said last year I-Max had a turnover of about Rs 2.2 crore.

More Stories on : Mergers & Acquisitions | Telecommunications

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