Fusion Makes a Deal

Fusion Telecommunications International, Inc. announced last week that they have finalized the sale of their 49% equity interest in Estel Communications Pvt., Ltd., an Indian joint venture.

The reported profits of this deal are around $485,000. Fusion is planning to continue marketing their services in India under a different brand.

Matthew Rosen, President and Chief Executive Officer of Fusion had this to say,

Fusion has achieved a number of important milestones in the past few months, including significant capital infusions from private investors, a strategic partner and now, most recently, the sale of our subsidiary in India. This sale is an important part of our 2007 strategy to maximize efficiencies and expand our sales and marketing initiatives.