[FT] Sanjiv Ahuja, former head of France Telecom's Orange mobile phone businesses, has established a new company to supply broadband internet access in developing countries.
Augere is planning to launch its first consumerfocused broadband operations in Asia in October and then expand to Africa early next year.
The company has secured $125m of initial funding from France Telecom, France's leading telecoms company, and New Silk Route and Vedanta Capital, which are New York-based private equity and venture capital firms, respectively.
India-born Mr Ahuja is concentrating on developing countries with large populations that have little or no access to the internet.
Augere's first consumer-focused businesses are due to launch in Bangladesh and Pakistan by October. It is also looking at countries such as Indonesia, the Philippines and Nigeria.
New broadband service to focus on developing nations
see also Augere