New Delhi, August 20, 2014. New Call Telecom Ltd., one of the fastest growing residential telecom service providers in the UK with a growing presence in India has announced investments worth US $ 100 million in the next 18 months in India towards strategic acquisitions of mid-level telecom companies providing innovative value added services in the broadband space. This was announced by Dr. Jerome Booth, Chairman, New Call Telecom and Principal Investor into the company through his private office, New Sparta in the presence of Mr. Nigel Eastwood, CEO, New Call Telecom here today. The company is looking at acquiring four such companies in India, with announcements planned in the next few weeks.
Dr. Jerome Booth, Chairman, New Call Telecom and Founder, New Sparta Pvt. Ltd., stated, “The Indian National Telecom Policy 2012 has targeted 100 per cent tele-density and 600 million broadband connections by 2020. We are looking at strategic acquisitions to enable New Call Telecom to make strong organic growth in the fast growing Indian telecom market and establish a pan-India presence. We’ve initially allocated US $100 million for the purpose and are optimistic of further growth due to the depth of entrepreneurial talent in the telecom services space in India.”
According to Mr. Nigel Eastwood, CEO, New Call Telecom, “New Call Telecom has established a reputation of transparency in pricing, flexibility and innovative marketing techniques, establishing itself as the sixth largest residential ISP in the UK. Our short term vision in India is to capture the massive opportunity that the telecom sector here presents surrounding data transit, usage manipulation, and streaming; where ever possible collaborating with other incumbent telecom operators efforts and generating completely new revenue streams in the sector in India by identifying synergies across a number of different existing businesses. The medium to long-term strategy involves looking at complimentary opportunities and building synergies around our different business areas involving data analytics and e-commerce, thus, developing a unified communications platform.”
With over 750,000 annual subscribers, New Call Telecom today is a price leader in the UK residential telecom market through its brands Primus Saver, which offer phone and broadband packages, and Planet Talk, Just Dial and Rate Buster, the low cost international calls services. Unprecedented growth has seen New Call Telecom increase its customer base by 227% while turnover has increased at roughly £20m million per annum; with the company acquiring up to 12,000 customers a month in late 2013 and early 2014. By focusing on online activity, New Call Telecom has also grown their online affiliate partners to a base of over 650 channels; an increase of 30% since the start of 2013.
About New Call Telecom
Based in London, with its contact centre in Nelson Lancashire, and business support service centre in New Delhi, India, New Call Telecom was founded in 2010 when its chief executive Nigel Eastwood led a management buyout of the business from its US parent PTGi.
Dr Jerome Booth, leading economist, entrepreneur, investor, commentator and leading expert on emerging markets became the new Chairman of New Call Telecom in July 2013 and injected significant investment through his private office, New Sparta. He has also recently published a book Emerging Markets in an Upside Down World — Challenging Perceptions in Asset Allocation and Investment aimed at institutional and retail investors.
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