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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.

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Category:Telecommunications

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