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UKs New Call to invest 100 million Dollar in fixed line and WiFi and messaging

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UKs New Call to invest 100 million Dollar in fixed line and WiFi and messaging UKs New Call to invest 100 million Dollar in fixed line and WiFi and messaging

New Call Telecom,  the sixth largest residential ISP in the UK, will invest  $100 million over the  next 18 months in India towards strategic  acquisitions of four mid-level  telecom companies to enter fixed line
connectivity, Wi-Fi and messaging domains.


Nigel  Eastwood, chief  executive of New Call Telecom, said that the company will  announce two out  of four planned acquisitions in next few weeks.

Eastwood reckons that the strategic acquisitions will enable the company to make strong organic growth in the fast growing Indian telecom market and establish a  pan-India presence.

"Indian broadband market is growing and now its the suitable time for the  investment. We have enormous management and marketing expertise in the telecom  space," Eastwood said. "We have been successful in UK with our services and now want to establish a billion  dollar telecom asset out of our India venture".

  Dr. Jerome Booth, Chairman, New Call Telecom and Principal Investor into the company however clarified that the company would not be competing with incumbent telecom service providers in the country. "We hope to generate new revenue streams by partnering with incumbent operators."

Eastwood said that the company was looking at an ecosystem for over-the-top (OTT) broadband services in the country, leveraging the existing service provider infrastructure. "We are looking at revenue sharing with existing
service providers through various innovative business models by identifying synergies across a number of different existing businesses".

The company aims to offer fixed-line broadband and public Wi-Fi services in the  country. Its initial focus for 12-24 months will be on metro cities, since there  is a concentration of subscribers in these cities.

"Moving forward, the company would be tapping the semi -rural and rural areas of  the country for its internet services," Eastwood added.



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