Zip Global launches payphone services in Indonesia

By Our Staff Correspondent

MUMBAI, DEC. 7. Zip Global Network has launched its end-to-end payphone services in Indonesia in a joint venture with the Singapore-based Great Asian Holdings. The joint venture will set up 75,000 ZIPFone payphone locations in Indonesia within two years.

Zip Global Network is the Mauritius-based international holding company of Mumbai-based Zip Telecom, pioneers of end-to-end payphone services. Great Asian Holdings is the holding company of Indonesia's leading telecom services provider, Ratelindo.

Apart from profits of the joint venture and usage revenues, Zip Telecom (the Indian subsidiary) will earn revenues from royalty of the brand and revenues accruing from advertising on the unique Zip Media Avenues (ZMA).

Great Asian Holdings holds majority (75 per cent) stake in the yet-to-be-named joint venture (while Zip Global holds the balance 25 per cent). Great Asian Holdings will have management control and bring its knowledge of local market to the JV. Zip Global will bring its expertise and experience of managing a sophisticated payphone franchise network in India. The countries of interest for the joint venture are Indonesia, Australia, Uzbekistan and Vietnam.

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