British telco New Call Telecom has got Foreign Investments Promotion Board’s (FIPB) approval to acquire India’s public Wi-Fi provider Ozone Networks. The size of the deal, however, remains undisclosed. New Call originally announced its intention to acquire Ozone in February this year.
Founded in 2008, Ozone Networks operates the largest number of public and private Wi-Fi hotspots in India. It powers Wi-Fi in many of the largest restaurant and shop chains and the top 23 major metros. It has deployed 2,000 public hotspots with 6,500 total access points, which includes private hotspots in educational institutions, hospitals and hotels.