NewCall Telecom, a U.K based telecom operator, is planning to invest $100 million for acquisitions in broadband space in India.
NewCall Telecom will be investing $100 million in 4 companies in areas such as messaging, Wi-Fi and fixed broadband.
The company will be looking at picking up controlling stake in technology companies to create a strong broadband eco-system.
Smart city project will be a focus area for NewCall Telecom.
NewCall Telecom chairman Jerome Booth said the company would be finalizing two acquisitions in a couple of weeks.
The focus of the acquisitions is to create new revenue streams for the company.
Booth said the untapped broadband market in India is promising for investments. The regulatory regime is attractive for such investment and he is confident about creating $1 billion potential.
NewCall Telecom has 750,000 subscribers in the UK residential telecom market. Its brand Primus Saver offers phone and broadband packages. Planet Talk, Just Dial and Rate Buster offer international calls services.
NewCall CEO Nigel Eastwood said Indian broadband market is growing and now it’s the suitable time for investment.
New Call Telecom is one of the fastest growing residential telecom service providers in the UK.
In 2011 the company moved their call center from Mumbai to Burnley offering over 200 new job opportunities in the North West of England.