New Call Telecom, which recently acquired social messaging powerhouse Nimbuzz plans to invest $100 million in India, over a period of 18 months in order to procure four mid-level telecom companies. The sixth largest residential internet service provider in UK thus intends to lay its footsteps into fixed line connectivity, Wi-Fi and messaging domains in India, reveals its Chief Executive Officer Nigel Eastwood.
Eastwood had’t revealed the names of the four companies that New Call Telecom plans to acquire in India, as the company is proceeding talks with mid-level companies.
The company will introduce new business models of revenue sharing to leverage the existing infrastructure of over-the-top services in the country. It also plans to lay hands on the e-commerce segment of India. “Under our medium to long-term strategy, we would be looking at building synergies around our different business areas involving data analysis and e-commerce, thus, developing a unified communications platform,” said Eastwood in an interview to a national daily.
“Our short-term vision in India is to capture the opportunity that the telecom sector presents surrounding data transit, usage manipulation, and streaming; where ever possible collaborating with other incumbent operators and generating new revenue streams in the sector in India by identifying synergies across a number of different existing businesses,” he added.
Headquartered in London, New Call Telecom has its business support service centre in Delhi. The initial target for the market will be urban areas, following which it will move into semi-rural and rural areas. The company plans for a $200 million run rate in revenues globally, out of which India is expected to contribute 35 percent.