UK-based internet service provider (ISP) New Call Telecom is looking to acquire three-four new companies in the software and infrastructure segments to support its over-the-top (OTT), or app, strategy in India. It could invest around $300 million (Rs 1,920 crore) in the next six to 12 months in the country, CEO Nigel Eastwood said.
"We have spent time over the last few months looking at a number of companies. We have got around eight-nine companies that we are talking to and three to four we would end up acquiring. We will be making announcements about two of them very shortly," Eastwood told ET. He added that these acquisitions will be aligned to the company's app plan.
"Almost all of them are India-based companies. But one of the companies that we are talking to will be an interesting play coming to India. What we are looking to do is acquire complementary assets," he said.
Last year, New Call acquired messaging app Nimbuzz and Delhi-based Wi-Fi Ozone Networks. It was also in talks with a number of fixed-line broadband companies, including Delhi-based Nextra Teleservices. Those negotiations failed due to valuation issues.