Software Solutions Company Zylog Systems
has decided to invest Rs 210 crore
on Wi-Fi infrastructure to provide
wireless broadband and Voice over
Internet Protocol (VoIP).
The company is expecting to generate
revenue of Rs 550 crore from the Wi-Fi
space in the next five years.
The share of the company closed on
Friday at Rs 331 on BSE. The scrip
has made 52-week-high and low of Rs
341 and Rs 61 respectively.
Company's Managing Director Ram Sesharathnam
said, "We will be investing a
sum of Rs 210 crore on creating Wi-Fi
infrastructure in a bid to provide
wireless broadband services in 100
key cities within the next two years.
Along with it we will also offer VoIP
services to our customers."
Zylog would soon launch similar services
in Hyderabad, Bangalore, Mumbai and
Pune, currently Zylog offers VoIP
in Tamil Nadu, Gujarat and Punjab.
Apart from this the Chennai-based
company has plans to offer wireless
broadband services to South Asian
countries including Sri Lanka, Nepal,