News : UK Firm New Call Telecom to Invest in India
New Delhi August 20, 2014 -- Britain-based New Call Telecom (NCT) said it would invest in India over the next 18 months in acquiring a controlling stake in four technology companies and to provide them development capital.
NCT is known for telecom products for residential needs in the UK. It will invest in fixed-line broadband, public Wi-Fi and messaging. It is expected to announce the names of the four companies over the next few weeks. The company declined to disclose the names of the firms it was acquiring as the regulatory clearances and some negotiations are still in process.
As the company was investing in mid-sized companies in broadband value-added space, most of the investment would be spent as development funds, said chairman Jerome Booth. With the acquisitions, the company will have a pan-India presence.
Booth, also the founder of New Sparta, said: "India is a big bet and success here would lead to further investment here and other emerging nations. Our short-term vision in India is to capture the massive opportunity that the telecom sector here presents surrounding data transit, usage manipulation, and streaming, collaborating with other incumbent telecom operators and generating new revenue streams."
"The medium to long-term strategy involves looking at complementary opportunities and building synergies around our different business areas involving data analytics and e-commerce, and, thus, developing a unified communications platform," said chief executive Nigel Eastwood.
Posted by Veronica Silva Cusi, news correspondent
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About New Call Telecom:
New Call Telecom is a telecoms provider owned and managed by an experienced team of UK telecoms specialists previously of Primus Telecommunication Ltd.
Published: Wednesday, August 20, 2014
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