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Cordia Acquires Hong Kong Based VoIP and Wi-Fi Operator
Cordia Corporation
, a global communications service provider, announced that it has closed the acquisition of Triamis Group Ltd. Triamis, based in Hong Kong, owns and operates one of the largest Wi-Fi networks in Hong Kong and markets International VoIP (Voice over Internet Protocol) service in the Asia-Pacific (APAC) region. Under the terms of the agreement, Triamis' two Executive Directors will become Cordia's APAC Division's Director of Operations and Director of Sales and Business Development.
"This acquisition provides Cordia the base to offer our products and services to several key markets in Asia which includes over 40% of the world's internet and broadband subscribers," said Cordia's CEO Joel Dupre. "We are excited about this transaction because we believe we can build on Cordia's global market reach by leveraging Triamis' Wi-Fi networking capabilities and extensive APAC sales, marketing and operations experience. Triamis, in turn, will have access to Cordia's extensive operating platform, technical infrastructure and proprietary VoIP network and service offerings."
"With the recent introduction of dual-mode mobile devices that allow users to access Wi-Fi hotspots, we have seen a steady increase in traffic on our Hong Kong Wi-Fi network," added Vikas Bhandari, Cordia's new Director of Operations - APAC. "We will be targeting VoIP, Wi-Fi and Voice Over Wi-Fi (VoWiFi) throughout the APAC region. We expect to be deploying additional Wi-Fi networks in the region and to introduce VoWiFi this year by integrating Cordia's VoIP platform with our Wi-Fi network. Dual-mode mobile devices and VoWiFi represent the future of communications and our combined companies will be well positioned to take advantage of the resulting opportunities and the rapid growth of the APAC region."
Posted on Feb 21, 2006
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