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Article: -PSINet: PSINet acquires Internet companies in Hong Kong, Germany, France and United States
- Article from:
- M2 Presswire
- Article date:
- July 8, 1998
CopyrightCOPYRIGHT 1998 Normans Media Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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M2 PRESSWIRE-8 July 1998-PSINet: PSINet acquires Internet companies in Hong Kong, Germany, France and United States (C)1994-98 M2 COMMUNICATIONS LTD
RDATE:080798
PSINet Inc. announced today that it completed the purchase of four Internet companies, in Hong Kong, Germany, France and the United States, for approximately $46.0 million in cash. These four companies generate annual revenue of over $23.0 million and represent another major step in executing PSINet's strategy to expand its presence in the top 20 telecommunications markets worldwide.
These acquisitions further strengthen PSINet's leadership position as the largest independent global ...