O-Zone is planning to raise $100 million: Bobby Sarin

O-Zone, India’s Wi-Fi operator is looking at $25-30 million investment and then plan to raise more than $100 million.

Sanjeev Bobby Sarin, CEO & Founder, O-Zone Networks said, “We are looking at probably around $25-30 million additional investment and then raise more than $100 million. We need that investment to really build what I call a premium network.”

The company has already invested Rs 80 crore in 23 cities. O-Zone has around 5,500 hotspots of which around 1,000 of them are public locations. The lone Wi-Fi operator with a large coverage has managed to lock in branded controlled chains in the market be it McDonalds, Cafe Coffee Day, Coffee Bean & Tea Leaf, Oberoi Hotel and Trident Hotel. O-Zone has selected hi-footfall locations where predominantly the youth are going to go and focus will be on Internet connectivity.

In the next two years, O-zone plans to deploy around 30,000 locations. In the next five years, O-zone plans to go up to 500,000 locations and those will get split between public and private. Private focus is on hotel and hospital whereas public focus is on restaurant, coffee shop and railway station.

Comaring 3G and 4G with Wi-Fi, Bobby Sarin said, “All technologies are going to co-exist but Wi-Fi will be a predominant connection for people to connect in-building.”

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