UK telecom service provider to invest $300 million in India

Source: PTI

New Call Telecom Limited, one of the fastest growing residential telecom service providers in the UK, will invest $300 million (about Rs.2,000 crore) in India to increase its presence in the country. “New Call Telecom has announced investments worth $300 million in the next 12-18 months in India,” its CEO Nigel Eastwood told reporters in Jammu on Friday. The focus will be on acquiring some more companies in India and enlarge business stakes in the country, he added. The company had recently acquired leading global mobile technology brand Nimbuzz and New Delhi-based Ozone Networks, country's largest Wi-Fi service provider, the CEO further said. “Nimbuzz has rapidly growing revenues that have doubled every year for the last 3 years. Ozone Network has doubled its growth in last seven months,” Eastwood said.

October 16, 2015 | 5:37pm IST.