![]() Financial Daily from THE HINDU group of publications Friday, Apr 19, 2002 |
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Info-Tech
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Mergers & Acquisitions TMI, XA Alliance Holdings merge Our Bureau
MUMBAI: Tele Media International (TMI), formerly a wholly owned subsidiary of the Telecom Italia group, has announced its merger with XA Alliance Holdings Ltd, an Asia-based company offering end-to-end networking and managed IP services to enterprises in the region. The merged entity is now called XA TMI Ltd. The company will continue to provide clients its high-speed data communication service called Universal Connect Datafast (frame relay technology), according to a news release. Telecom Italia and XA TMI, the merged entity, have formed a commercial partnership, said the press release. TMI has been in India since 1994 in partnership with Videsh Sanchar Nigam Ltd, said the release.
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