New Call Telecom invests in Ozone Networks

new-call-telecomAfter its investment in Nimbuzz, the messaging company New Call Telecom is investing in another Indian company, Ozone Networks focused on Wi-Fi operations in the country.

“We are investing on Ozone and have applied to FIPB for approval,” said New Call Telecom’s CEO Nigel Eastwood at a function in Delhi.

Recently, Ozone Networks Private Limited 100 percent foreign investment was deferred by Foreign Investment Promotion Board (FIPB) in its meeting held on November 14, 2014.

Ozone Networks Private Limited Delhi is engaged in Wi-Fi operations in India. The company with 33.33 percent existing FDI from AL Telecom Holdings (India) Limited, Cyprus has sought an approval for up to 100 percent foreign investment by Ozone BV, Netherlands by way of purchase of the equity share capital existing foreign and domestic shareholders.

In November, Ozone Networks, India’s leading public neutral Wi-Fi provider signed an agreement to deploy Ericsson’s small cell whereby 30,000 Wi-Fi access points will be installed across India.

Ericsson offers small cell as a service with a variety of different business models to suit environments such as connected venues, connected streets and connected enterprises. This deal is an example of the connected venue application, as Ozone’s Wi-Fi network will serve restaurants, cafes, shops and malls.

In the first stage of the project, Ericsson will provide Ozone with 30,000 Wi-Fi access points and network management nodes and tools, as well as a variety of options for monetizing the Wi-Fi network. These include opportunities for offering telecommunications operators the chance to reduce the data burden on their network by utilizing the neutral Wi-Fi network to carry some of the traffic.

Ericsson will provide Wi-Fi technology based on an as-a-service model, and manage it according to a service level agreement for a period of five years.

Also Read

Leave a Reply

%d bloggers like this: