You Telecom + Red Snapper = YouSnapper Wireless
Citigroup Venture Capital International-owned You Telecom has entered into a 50:50 joint venture with Malaysia’s wireless technology and Voice over Internet Protocol (VoIP) provider Red Snapper.
The JV, named YouSnapper, will focus on providing wide area wireless connectivity in India, a pilot of which has already started in Thane according to the Business Standard.
You Telecom’s fibre optic network offers internet solutions for data and voice services across 12 cities in India, and currently has over 175,000 registered subscribers. Plans are afoot to have a pan-India presence (26 cities) over the next 18 months.
Red Snapper is a wireless technology player with prime focus on Wi-Fi in Malaysia, which has been funded by the Malaysian government.