Vodafone India Acquires Mumbai Based You-Telecom

In an attempt to strengthen its presence in the home broadband segment, Vodafone India has acquired Mumbai-based internet service provider You Broadband for 400 crores. Until now Vodafone’s fixed-line unit was focused primarily on the enterprise segment. You Broadband has more than 3,000 km of optic fiber cable and 6,000 km of last mile co-axial cable network and employs about 1,400 people. According to data available with TRAI, You Broadband had 5 lakh subscribers as on January 2016. It is one of the few companies capable of offering triple play services.