Vodafone India has acquired TRG Capital owned internet service provider YOU Broadband for around Rs 350-400 crore, reports The Hindu. When contacted by MediaNama, Vodafone declined to comment on the development, while YOU Broadband is yet to reply. At the moment, there is no clarity on how Vodafone is planning to use YOU Broadband, and if YOU Broadband will continue to offer its services independently. Last month, Vodafone had signed an agreement to acquire YOU Broadband for around Rs 400 crore, subject to approval from the Foreign Investment Promotion Board (FIPB). A Telecomtalk report seems to have got hold of pamphlet issued by Vodafone. In it, both companies are offering 4 different quarterly broadband plans at 10Mpbs, 50Mbps and 100Mbps speeds. YOU Broadband claims to have around 3,000 km of optic fiber cables, and 6,000 km of last mile cables to homes across 12 cities including Mumbai, Bangalore, Gurgaon, and Chennai. Recent Vodafone developments -Last week, Vodafone India was in talks with investment bankers to launch its initial public offering. The IPO is expected to raise anywhere around $2 billion and $2.5 billion. -Last month, Vodafone and the Uttar Pradesh Power Corporation Limited (UPPCL), signed a partnership to allow consumers in the Uttar Pradesh (East) circle to pay their electricity bills through M-Pesa. -In February, Vodafone had said that it would invest Rs 6,000 crore in Maharashtra for capacity augmentation and new business initiatives in the state. -In the same month, the company completed the first phase of its planned 4G rollout under the 1800…
