Orange Business Services, the business communications arm of France Telecom, has acquired GTL Ltd’s enterprise network services and managed services business, in an all cash deal.
The acquisition would help Orange grow its business in India, and facilitate the delivery of network management services to its global customer base. The acquisition will also help Orange to reinforce its local presence and to serve better European, American and Asian multinationals which need network related services in India and in the region.
(Source: Economic Times)
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