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UK’s New Call Telecom Eyes Substantial Stake in Wi-Fi Operator Ozone Networks

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Acquisition in the public wi-fi operator is 2nd investment by the British firm in India, after it picked up a majority stake in instant messaging app Nimbuzz.

UK-based New Call Telecom, which started operations four years ago, is making its second acquisition in the country by picking up a substantial equity stake in Delhi-based Ozone Networks, one of India’s leading public wi-fi operators.

New Call Telecom bought an over 70 per cent stake in Nimbuzz, an instant messaging and voice-over-internet call and advertising service provider, for about $175 million. Nimbuzz has 200 million subscribers across the world and as many as 50 million in India. Original post at Samachar

Wahengbam Rorrkychand

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Website: http://www.blog.tonsetelecom.com

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