Home New Call buys 70% stake in Nimbuzz for USD 175 mln
 

Keywords :   


New Call buys 70% stake in Nimbuzz for USD 175 mln

2014-10-28 08:55:00| Telecompaper Headlines

(Telecompaper) UK operator New Call Telecom has acquired a 70 percent stake in mobile messaging service provider Nimbuzz for USD 175 million. "We see huge potential for new revenue streams and very large expansion of broadband in India through this", Jerome Booth, New Call chairman told The Economic Times. Following the completion of the acquisition, Nimbuzz will become a unit of New Call Telecom and will continue to be headed by Nimbuzz CEO Vikas Saxena.

Tags: call usd buys stake

Category:Telecommunications

Latest from this category

All news

»
06.11Hurricane Rafael Update Statement
06.11Summary for Hurricane Rafael (AT3/AL182024)
06.11Warning millions will struggle to pay water bill rises
06.11Atlantic Tropical Weather Outlook
06.11Tropical Storm Rafael Graphics
06.11Tropical Storm Rafael Public Advisory Number 9A
06.11Summary for Tropical Storm Rafael (AT3/AL182024)
06.11Eastern North Pacific Tropical Weather Outlook
More »