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.