IFX Expands Mexican Presence With Acquisition of Monterrey Based Internet Service Provider SDM Net Source: Business Wire MIAMI, Jul 27, 1999 (BUSINESS WIRE via COMTEX) -- IFX Corporation ("IFX") (Nasdaq:FUTR) announced today the purchase of substantially all of the users and assets of a Monterrey, Mexico based Internet Service Provider, Sistema de Diseno y Manufactura S.A. de C.V. ("SDM Net"). SDM Net provides dial up, web design, web hosting, and LAN Dial services to consumers and corporations in Monterrey. In addition, SDM Net provides dedicated access services to other ISPs in smaller Mexican markets such as Reynosa, Piedras Negras, Manzanillo, Miguel Aleman, Valle Hermoso,Rosita, Sabinas, Linares, Cadereyta, and Torron. Terms of the acquisition were not disclosed. SDM Net brings to IFX a stable of corporate clients such as Nortel de Mexico and 7-11 de Mexico, which adds to a sizable list of corporate clients in Mexico, including Mitsubishi de Mexico, Cisco Systems de Mexico, Sanyo de Mexico, American Chamber of Commerce, Progress Software, World Trade Center Mexico, Bridgestone Firestone de Mexico, and Periodico El Heraldo deMexico. Commenting on this purchase, Joel Eidelstein, Chief Executive Officer of IFX, said, "We believe this strategic purchase marks the first step in expanding our Internet services throughout the country of Mexico. By covering this important Latin American country with our own physical points of presence, we are able to offer our customers local access Internet service and provide the highest level of customer and technical support." IFX Corporation has various holdings in several Latin American Internet-related businesses. As part of its Pan-American ISP strategy, IFX operates under the Unete(TM) brand name, offering ISP services in over 100 cities through out Latin America. IFX recently made an investment for a minority stake in Yupi Internet, Inc., (http://www.yupi.com). Yupi believes it is the largest Spanish-language Internet network in the world. Also, IFX holdsan interest in Telcom.Net, LP, an Internet software company specializing in Internet based communications solutions. For more information on Telcom.Net, LP, please visit Telcom's web site http://www.telcom.net/. This press release, and prior releases are available on the KCSA Public Relations Worldwide website at www.kcsa.com. Copyright (C) 1999 Business Wire. All rights reserved. -0-CONTACT: IFX Corporation Jose Leiman Phone: 305/931-7270, ext. 213 Fax: 305/931-1566 Email: firstname.lastname@example.org or KCSA Sarah Shepard/Joseph A. Mansi Phone: 212/896-1236/896-1205 Fax: 212/697-0910 Email: email@example.com / firstname.lastname@example.org Hollis Mason Phone: 212/896-1272 Fax: 212/338-9558 Email: email@example.com WEB PAGE: http://www.businesswire.com GEOGRAPHY: FLORIDA NEW YORK INDUSTRY CODE: COMPUTERS/ELECTRONICS TELECOMMUNICATIONS INTERACTIVE/MULTIMEDIA/INTERNET COMED MERGERS/ACQ
Best Of |
Favorites & Replies |
Start a New Board |
My Fool |
BATS data provided in real-time. NYSE, NASDAQ and NYSEMKT data delayed 15 minutes.
Real-Time prices provided by BATS. Market data provided by Interactive Data.
Company fundamental data provided by Morningstar