Global 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, Malaysia.