New Call Telecom gets FIPB nod to acquire Ozone Networks

By GizBot Bureau

Global telecoms and technology firm, New Call Telecom, on Tuesday announced it has been granted permission by India's Foreign Investments Promotion Board to acquire public Wi-Fi provider Ozone Networks.

New Call Telecom gets FIPB nod to acquire Ozone Networks

"The Internet is the backbone of the Indian economy, and will play a massive role in providing people in the country with the important services they want, connecting them for the first time to the internet of things, including communication, e-commerce, e-healthcare and e-education," New Call Telecom CEO Nigel Eastwood said in a statement here.

SEE ALSO: Ganesh Chaturthi 2015 Special: 10 Huawei Smartphones Deals, Rs 14,000 Worth Gift cards

"Public Wi-Fi is an affordable way for many people in India to access the Internet, who might otherwise be excluded. Today, Ozone Networks is connecting millions of consumers each month to the Internet and is already positioned as a key enabler for digital India," he added.

Founded in 2008, Ozone Networks powers Wi-Fi in many of the largest restaurant and shop chains and the top 23 major metros. It has deployed 2,000 public hotspots with 6,500 total access points, which includes private hotspots in educational institutions, hospitals and hotels.

The statement claimed more than 2.5 million people connect to Ozone hotspots every month and growing fast, and the business saw a 200 percent growth in data in the last fiscal year. New Call Telecom is a fast-growing internet services and telecoms company, with interests in Britain and the emerging markets.

SEE ALSO: Ganesha Chaturthi 2015 Deals: Top 15 Unboxed Smartphones to Buy, Discount up to 69% Off

It is now the second largest VoIP platform in the Middle East and the third largest premium ad platform after Google and Facebook in South Asia, it added. "We are delighted to join the New Call family. Together, we share a vision to connect hundreds of millions of Indian people to the Internet by 2020.

The permissions mean that we can now concentrate on realising the potential that public Wi-Fi offers, bringing it to new cities in India, as well as rolling it out to rural communities too," said Ozone Networks founder and CEO Sanjeev Bobby Sarin.

Source IANS

Most Read Articles
Best Mobiles in India

Read More About: network telecom

Best Phones

Get Instant News Updates
Notification Settings X
Time Settings
Clear Notification X
Do you want to clear all the notifications from your inbox?
Yes No
Settings X
We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Gizbot sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Gizbot website. However, you can change your cookie settings at any time. Learn more