New Call Telecom may invest $300 mn in India

NEW DELHI: Global internet giant New Call Telecom has said that it could invest around $300 million ( Rs 1,920 crore) in the coming one year in India.

It is also mulling to acquire three-four new companies in the software and infrastructure segments to support its over-the-top (OTT) base in the country, as per the media report.

Earlier, in an interaction with Voice&Data, its CEO CEO Nigel Eastwood had said: "We are planning to invest $100 mn over the next 18 months in India towards strategic acquisitions of four mid-level telecom companies to enter the fixed line connectivity, Wi-Fi and messaging domains."

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

During 2015, the New Call Group of companies is targeting a $200 mn run rate in revenues globally, and India will contribute nearly 35% to this pie through strategic acquisitions. The telecom company recently acquired Nimbuzz, an Indian mobile technology brand to expand its network in India.

Nimbuzz has more than 200 million users across the globe.