Netpluz Asia acquires Mediaring assets from Si2i for S$3m
Local managed services firm to buy the commercial assets of the brand, retail assets to remain with Si2i
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Singapore
IN A homecoming of sorts for Mediaring, one of Singapore's pioneering Internet companies, Netpluz Asia Pte Ltd, has signed a deal with Si2i Ltd to acquire Mediaring Network Services (MRNS) and Mediaring Communications (MRC) for S$3 million. The purchase will be staggered over four phases till mid-2017.
Mediaring was set up in Singapore in 1994 and had a very successful initial public offering in 1999. At its peak in 2000 the company had the largest market share worldwide as a one-stop service provider of voice, data and computing services with VoIP (voice over Internet protocol) technology, which at that time was a pioneering service.
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