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Article: Venezuela: Net Uno acquires Convergence's Internet division.
- Article from:
- South American Business Information
- Article date:
- October 15, 2001
CopyrightCOPYRIGHT 2001 COMTEX News Network, Inc. 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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Venezuela, Oct 12, 2001
Telecoms group Net Uno has acquired the (dialled) Internet access division of Convergence Communications, adding 4,000 new Venezuelan clients to its portfolio. Net Uno is still in negotiations with Convergence and might end up with a majority stake. Convergence has a direct presence in Caracas, Ciudad Ojeda, Puerto la Cruz and Maracaibo. The deal also involves the settling of an earlier debt taken on by Convergence in the past. Founded in 1995 as Cabletel, Net Uno acquired a fixed-line telephony license in February 2001 and it will start up such services in two weeks' time when its interconnection works with Telcel, Digitel and Cantv is ...
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...Net Uno, an Internet and competitive service provider in Venezuela, selected Tellabs ... further develop service offerings in Venezuela. The agreement also enables Net Uno's cable-TV affiliate, CableTel, to offer bundled telephony and Internet ...
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