Sep 9, 2002 : VIA NET.WORKS Sells Mexican Operations

📅 September 9, 2002 - Single-source managed Internet services provider VIA NET.WORKS (vianetworks.com) announced on Monday that it has completed the sale of its Mexican subsidiary, VIA NET.WORKS Mexico SA de CV, to a group led by the operation's current Mexican management team.

Following the sale of its operations in Argentina and Brazil, says VIA, the company has now completed the planned divestiture of its Latin American properties.
"This sale represents another important component of our turnaround plan," says Karl Maier, president and chief operating officer, and acting chief executive officer, of VIA NET.WORKS. "As stated previously we are increasing our focus on Europe as our core operating region. With the divestiture of our Mexican operation, we can now concentrate on the success of our eight European country markets and leverage the expertise in managed web-hosting of our U.S. operation to enhance our European hosting services."

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