| Log in

Gemini Communication Buys Africa’s Rosy Blue Wireless

07 May, 2010

The African market continues to lure. Gemini Communication Ltd, a Chennai-based communication and network solution provider, has acquired Rosy Blue Wireless Africa (RBW), a telecom and internet service provider in Africa, for an undisclosed sum.

RBW is a majority shareholder (with 60% stakes each) in three joint ventures operational in Zambia, Malawi and Mozambique, the company said, in a statement. The JV companies are called Morse Communications. RBW, which uses WiMax technology, has already been allotted WiMAX spectrum licenses with channel space of 30 MHz in all these three countries. 

Gemini, which offers products for WiMax spectrum through its wholly owned subsidiary Pointred Telecom, believes the acquisition will help it in tapping the new markets in Africa by leveraging RBW’s reach in that region. The company targets the entire WiMAX network rollout of RBW using Pointred’s WiMAX products.  

“The acquisition is an exciting step in our growth strategy and offers tremendous growth potential,” Sree Krishna B, managing director, Gemini Communication, said, in the statement.

In India, Wimax spectrum will soon be auctioned and major telecome players are in fray for the same. Gemini has four subsidiaries that include Pointred Telecom Pvt Ltd, Sanat Technologies Pvt Ltd, Gemini Traze RFID PVT Ltd and Veeras Infotk Pvt Ltd.  

Leave Your Comment
Soma Networks Gets $51 Million From India Knowledge Fund, Others

Soma Networks Gets $51 Million From India Knowledge Fund, Others

Madhav A Chanchani 10 years ago
    US- and India-based wimax company has received private equity...
Sloka Telecom Receives $0.6M From KITVEN

Sloka Telecom Receives $0.6M From KITVEN

Preethi J. 6 years ago
Bangalore-based Sloka Telecom, a broadband wireless access technology firm, has...
Telsima Sold For $12M; Investors' $80M Flushed Out

Telsima Sold For $12M; Investors’ $80M Flushed Out

Madhav A Chanchani 9 years ago
A company that had raised about $70-80 million in venture capital has been sold...
No Comments

Gemini Communication Buys Africa’s Rosy Blue Wireless

Powered by WordPress.com VIP