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March 12, 1997updated 05 Sep 2016 12:47pm

EUNET ACQUIRES ONE MORE INTERNET SERVICE AFFILIATE

By CBR Staff Writer

Still busy consolidating its disparate parts against the threat of acquisition from Internet-hungry US telecommunications firms (CI No 2,910) EUnet International Ltd has announced its plans to merge with Goya, Spain’s oldest Internet service provider. Goya Servicios Telematicos SA, a long-term affiliate of the Eunet group, will now act as EUnet Spain. The company has 21 employees and made sales equivalent to $1.2m last year. It has a strategic agreement to provide Internet services to the Sema Group’s Spanish operations – a relationship which EUnet hopes will help it strengthen its systems integration and value-added services business. Since EUnet began its acquisition strategy last April, the number of wholly-owned subsidiaries has increased to 12. Financial terms were not disclosed.

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